Trading the most profitable or highest losing currencies, do not be deceived, dear beginner.
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It is a trap that beginners fall into when trading, draining their money and causing them to lose their small capital.
Entering into trades of the most profitable currencies based on the assumption that they will drop is sometimes an opportunity, as currencies are unstable at a certain price.
But beware of currency rebound, which happens most of the time, as the currency is rebounding upwards and continues to rise. Here, disaster strikes, as entering the currency with a sell trade means the destruction of your capital.
The opposite happens with the highest losing currencies when you enter a buy trade based on the assumption that the currency will rise and are surprised by the continuous decrease in the price of the currency until you are liquidated.
The advice:
The lists of the highest profitable and highest losing currencies are useful to understand the current state of currencies, analyze them, and assess trading volume, liquidity, and signs of decline and rise. So, learn from them.
Do not enter into a trade unless you have studied the currency well.
The giants of digital currencies without competition
