💭 How to choose the right currency for daily trading?
📌 Choosing the currency is the first smart step in any successful trade. Don't trade randomly!
1. Choose currencies with high liquidity:
Such as: $ETH, $BTC, $SOL.
The higher the liquidity, the lower the slippage and the faster your orders are executed.
2. Monitor daily trading volume:
Choose currencies with increasing daily volume.
High volume = high interest = more opportunities for price movement.
3. Avoid stagnant currencies:
Currencies that move within a very narrow range or without sufficient trading volume are not suitable for daily trading.
4. Follow news and trends:
Some currencies move strongly on news. Check the Binance feed or CoinMarketCal.
🎁 Professional tip:
Use the currency filter on the Binance platform and choose currencies that:
📌 Have risen more than 5% in the last 24 hours
📌 Or experienced a sudden spike in trading volume
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🎁 Next lesson:
How to use moving average crossover signals to make entry decisions?
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