Watch the Performance: Variation 2 online guitar lesson by Tierra Negra from Magic Gypsy Chords & Rhythms
Place the capo at the 3rd fret.
The 2nd variation offers the real character of this key because of using the open strings. Apart from the A-string in the last chord, you can strum all open strings in each chord. The capo in the 3rd position makes it easier for you to play these chords, because you don´t have to stretch your fingers too much.
When you play this arpeggio rest your thumb into each string.
Take care that your thumb touches the right strings in the fourth chord (E-D- and G-string).
When you play the arpeggio, rest your thumb into each string.