Essential Knowledge for Newcomers in the Crypto World, Purely Practical Information!!!

Essential Knowledge for Newcomers in the B Circle Cryptocurrency Trading = Spot Trading Perpetual Contract = Futures Trading Placing an Order = Making a Trade (referring to the user's trading operation) Buying = Going Long = Bullish on Cryptocurrency Price (for example: a user buys BTC at a price of 50,000, profits when the price is above 50,000) Selling = Going Short = Bearish on Cryptocurrency Price (for example: a user sells BTC at a price of 50,000, profits when the price is below 50,000) Market Order = Current Price Order (executed directly at the current market price, quick operation)

Limit Order (users can set a specified price for orders, for example: if the current price of BTC is 50,000, and the user believes the price will rise to 50,100 before falling, they can place a limit order to short at 50,100, which will automatically execute when the specified price is reached) Position: refers to the user's holding situation after placing an order Full Position = All-In (the user invests all available funds in a single trade) Reducing Position: selling part of the position but not all Heavy Position: investing a large portion of funds in trading (for example, if there is 50,000 in the account, the user invests more than half of the funds) Light Position: investing a small portion of funds in trading (for example, if there is 50,000 in the account, the user only invests a small amount of funds)

Empty Position: funds in the account are not engaged in trading operations Taking Profit: selling virtual currency after profits reach a certain level to lock in earnings Stop Loss: selling virtual currency after losses reach a certain level to avoid greater losses Bull Market: market conditions continue to rise, outlook is optimistic Bear Market: market conditions continue to decline, outlook is pessimistic Bullish Trader: buyer, believes the cryptocurrency price will rise, profits by buying low and selling high Bearish Trader: seller, believes the cryptocurrency price will fall, profits by selling high and buying low Bounce: a temporary rise in cryptocurrency price during a decline due to excessive drop Consolidation (Sideways): small fluctuations in cryptocurrency price, overall trend is stable,

Gradual Decline: slow decrease in cryptocurrency price Waterfall: rapid decline in cryptocurrency price, significant drop Cutting Losses: user misjudges the trend, for example, going long when bullish but the price drops, selling at a low price to minimize losses, or going short when bearish but the price rises, being forced to stop loss and exit Being Trapped: user misjudges the trend, for example, going long when bullish but the price drops significantly, resulting in substantial losses Breaking Free: after being trapped, the user waits for a period of time until the price rebounds to the cost price or above, compensating for the losses.