Which cryptocurrency is better to trade on the stock exchange?

One of the most favorite strategies among traders is intraday trading ; no one likes to wait a long time for the results of transactions.

And here, by the end of the day or even earlier, you already know the final result of the open order, although in order for the earnings to be noticeable, you need to trade a fairly significant volume.

Or you can choose an asset with good dynamics, which is what cryptocurrency pairs are now, but a question immediately arises.

Which cryptocurrency to trade?

After all, today there are quite a lot of different pairs in the trader’s terminal. In fact, the choice is much simpler than it might seem at first glance; all you have to do is weigh the pros and cons.

First you need to find out which cryptocurrency can be traded on the platform?

Most brokers have, so to speak, a top six. These are the most popular assets such as:

In addition, there is an opportunity with other virtual money, you will find the full list here - http://time-forex.com/kriptovaluty/spisok-kripto

But you should choose exclusively from the top six, since there are several objective reasons for this:

Spread size – this indicator quite strongly influences the choice of which cryptocurrency is best to trade, because the spreads for this asset are far from small:

When comparing spreads, do not forget that each of the presented assets has a different lot size, so you cannot simply compare Bitcoin with a lot value of $9,000 and a spread of 300 points and Ripple for which 1 lot is equal to $20 and the spread is 0.16 points.

For an adequate comparison, you need to use the same transaction volumes, only then will you get a reliable result.

To be fair, it should be noted that the volatility of virtual money is quite high and is often calculated as a percentage, and not in points as for conventional currencies.

Therefore, the size of the commission does not have a decisive influence on the profitability of the open position. Availability – you need the asset to be available at your cryptocurrency broker , since not everyone will agree to change their usual brokerage company.

Most Dealing Centers have a choice of only a couple of crypto assets, most often Bitcoin, Ethereum, Litecoin and Ripple; however, there may be other options when the quoted currency, in addition to the dollar, is the euro.

So, you may have to decide which broker is more important to you or which cryptocurrency to trade.

Predictability – in order to make an accurate forecast you need to have as much information as possible or use technical analysis.

And if information for technical analysis is available for almost all crypto assets, then with fundamentals everything is a little more complicated.

The more popular a cryptocurrency is, the more news, analytics and forecasts are available on it. As a result, if you take into account all the parameters, then the answer to the question of which cryptocurrency is better to trade on Forex will be Bitcoin and Ethereum.

In my opinion, at the moment, this is the best choice; both assets meet all the conditions that are necessary for successful trading.

But you might like another promising asset.