#TradingPairs101
How to choose trading pairs on Binance?
Choosing the right trading pairs is key to success. First, define your strategy: *scalping* requires pairs with high liquidity and tight spreads (e.g. BTC/USDT, ETH/USDT), while medium-term trades can take advantage of pairs with higher volatility (e.g. altcoins with relevant news).
Objectives:
- Consistency: Trade pairs that fit your schedule and knowledge.
- Risk management: Avoid pairs with low liquidity or high slippage.
- Diversification: Combine major pairs (BTC, ETH) with opportunities in altcoins.
Basic strategy:
1. Technical analysis: Identify support/resistance and clear trends.
2. Volume: Prioritize pairs with stable volume to avoid manipulation.
3. Correlation: Do not trade highly correlated pairs to diversify risk.
In Binance Square, follow experts and analyze markets before deciding. Trade with discipline!
I hope the reading was to your liking. Thank you for your time and evaluation.