*10 Basic Concepts about Trading that Every Cryptocurrency Beginner Should Know *
Gentlemen, for everything you need to study, and not follow so many bots that copy, paste, and promise what they don’t know or understand.
If you are starting in the world of cryptocurrency trading, it is essential that you understand what it is about, how to approach it colloquially speaking.
That’s why I’m leaving you the key concepts to operate with greater security and strategy, there are many but here are 10 fundamental terms you should know:
1. Trading – Buying and selling digital assets to obtain profits in the short, medium, or long term.
2. Exchange – Platform where cryptocurrencies are exchanged, like Binance.
3. Volatility – Strong variations in the price of an asset in a short time. Cryptocurrencies tend to be highly volatile.
4. Liquidity – The ease with which a cryptocurrency can be bought or sold without affecting its price.
5. Spread – The difference between the buying price and the selling price of an asset.
6. Stop-Loss – Automatic order to sell an asset when its price drops to a predefined level, helping to minimize losses.
7. FOMO (Fear of Missing Out) – The fear of missing an investment opportunity, which can lead to impulsive decisions.
8. HODL – Strategy of holding cryptocurrencies for the long term, regardless of volatility.
9. RSI (Relative Strength Index) – Indicator that measures the strength and speed of price movements.
10. Market Capitalization – Total value of a cryptocurrency calculated by multiplying its price by the circulating amount.
With these basic concepts, you will have a better understanding to start your journey in cryptocurrency trading. 🚀💰
I have other concepts to share, if you like the content, give it a like and write part 2.