Post
Topic
Board Trading Discussion
Merits 3 from 1 user
Re: Trade multiple trading pairs or only a few trading pairs?
by
$weetne$$
on 19/07/2024, 12:21:04 UTC
⭐ Merited by Tungbulu (3)
In the crypto market, there are many trading pairs. After trading only two pairs for a year, I discovered that it is good to focus on a few pairs. Why? It has allowed me to master those two pairs and understand how they really move.

Trading BTC/USDT can make you to understand how Bitcoin moves and it will limit your focus to just studying Bitcoin and you can get a better understanding how the market moves. If you keep tracking multiple pairs, you would not be focused and can make mistakes. Most successful traders are those that mastered a particular trading pairs and have been making money from it for so long. Although you can not always predict how Bitcoin is going to move but you will be having more successful trades than failed ones because you have been seeing the same pattern repeat itself over and over again. The market moves in similar patterns which makes using technical analysis to be very important when interpretation are being done. A beginner should not get himself distracted as there are multiple trading pairs in the market that can be very volatile making your analysis to not have any positive results but you can be guaranteed if you are trading BTC/USDT.