#TradingTypes101 ¡Perfect! Let's talk about TradingTypes101, that is, the three fundamental types of trades in financial markets: spot trading, margin trading, and futures trading.
Many experienced traders prefer a combination of spot and futures, depending on the market and strategy. Personally, I started with spot to build experience and confidence. Then, with more knowledge, I would explore margin and futures, but with caution.
💡 TIPS FOR BEGINNERS
1. Start with spot trading. It is easier to understand and less risky.
2. Invest only what you can afford to lose.
3. Learn risk management. Always use stop-loss.
4. Do not use leverage at the beginning. Leverage amplifies both gains and losses.
5. Study and practice. Use demo accounts before trading with real money.
6. Control your emotions. Fear and greed are your worst enemies.
7. Follow a plan. Do not improvise your trades.