๐ #TradingTypes101 โ Know Your Trades! ๐ก
Understanding Spot, Margin, and Futures trading is the first step to becoming a confident crypto trader. Here's a quick breakdown:
๐น Spot Trading:
Buy/sell crypto instantly at market price. Simple and great for beginners.
โ Best for: Long-term holding and low-risk strategies.
๐น Margin Trading:
Trade with borrowed funds to amplify gains (and losses).
โ ๏ธ High risk, high reward โ ideal for experienced traders.
๐ Tip: Always use stop-loss to manage risk!
๐น Futures Trading:
Trade contracts predicting future prices. You can go long or short.
๐ผ Great for hedging or profiting in both bull and bear markets.
๐ฏ Used by pros for strategic plays.
โจ My pick?
I use Spot Trading the most โ itโs straightforward, and perfect for building a solid portfolio with less stress.
๐ก Beginner Tips:
โข Start small and learn the basics.
retired Never invest more than you can afford to lose.
โข Understand the risks before using Margin or Futures.
