$BTC How to choose the right currency pairs for your trading style?
đĄ Choosing the right pair is the first step to successful trading. Not all pairs are suitable for every trader!
1. Define your style:
Are you a day trader, scalper, or looking for swing trades? Volatile pairs like BTC/ETH and SOL/USDT are suitable for scalping, while stable pairs like BNB/USDT are better for swing trading.
2. Monitor liquidity:
Choose pairs with high trading volume to avoid slippage. You can check this on the market page on Binance.
3. Understand the pair's behavior:
Each pair has its own character; some are fast, while others move sideways. Monitor its history on the chart to understand it before trading.
4. Pay attention to time differences:
Some pairs are more active during specific sessions (like dollar-linked currencies during the US market opening).
5. Try in a demo account or with a small size first:
Before relying on a new pair, test it with your own style.
đ Expert tip:
Fewer pairs mean higher focus and more accurate results. Don't scatter yourself with 20 pairs!
