if the base currency goes up should i buy or sell?
if the base currency goes down should i buy or sell
if the quote currency goes up should i buy or sell
if the quote goes down should i buy or sell
Actually, you want to buy the pair BEFORE the base currency rises [B]in relation to[/B] the quote currency. If you buy the pair after the rise has taken place, then you have missed the move.
What does it mean that the base currency rises [B]in relation to[/B] the quote currency? It means that
• the base currency rises, while the quote currency remains unchanged or declines, or
• if both currencies rise, the base currency rises [B]faster[/B] than the quote currency
Conversely, you want to sell the pair BEFORE the base currency declines [B]in relation to[/B] the quote currency.
When you understand all of the above, you will be able to answer your remaining questions.