#TradingTypes101
Binance offers various trading types for users. Here are some key ones:
1. Spot Trading: Buying and selling cryptocurrencies at current market prices.
2. Margin Trading: Borrowing funds to trade with leverage, amplifying potential gains and losses.
3. Futures Trading: Trading contracts that speculate on future cryptocurrency prices.
4. Options Trading: Buying and selling contracts granting the right to buy or sell cryptocurrencies at predetermined prices.
5. Stop-Limit Orders: Setting buy or sell orders at specific prices to limit losses or lock in profits.
6. Take-Profit and Stop-Loss Orders: Automating trades to secure profits or limit losses.
These trading types cater to different strategies and risk tolerances.