#OrderTypes101 Here’s a complete guide to cryptocurrency trading for beginners, covering everything from the basics to practical steps you can take to start trading safely and effectively.
🧠 1. What Is Cryptocurrency Trading?
Cryptocurrency trading involves buying and selling digital currencies like Bitcoin (BTC), Ethereum (ETH), or Ripple (XRP) with the aim of making a profit. Unlike long-term investing, trading focuses on shorter-term price movements.
Key Types of Trading:
Day Trading: Buy and sell within a day.
Swing Trading: Hold assets for days/weeks based on market trends.
Scalping: Very quick trades to capitalize on small price changes.
Position Trading: Long-term, trend-following strategy.
💼 2. Setting Up: What You Need to Start
✅ Step-by-step:
Fundamental Analysis (FA):
Research projects: team, use case, partnerships, news
Monitor regulatory changes
Watch broader economic news (like interest rates, inflation)
💡 t risk management rules✅
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