#TradingTypes101

Basic Trading Types on Binance:

Binance offers a wide range of trading options to meet the needs of different traders, but the basic types to know are:

* Spot Trading: This is the most common and straightforward type. You buy cryptocurrencies and actually own them immediately. The goal is to buy at a low price and sell at a high price to profit from the price difference.

* Futures Trading: In this type, you do not buy or sell the cryptocurrency itself, but trade contracts that represent the value of the underlying asset. You can bet on the price going up or down (going long or short), and leverage is often used to increase potential profits (but also risks).

* Margin Trading: This type allows you to borrow funds from Binance (or other traders) to increase the size of your trading position.

* Fiat Trading: This type allows you to buy and sell cryptocurrencies using traditional fiat currencies (such as the US dollar, Euro, Saudi Riyal, etc.). $BNB