$ETH
My Thoughts on Spot vs Futures Strategy in Cryptocurrency Trading
As I dive into cryptocurrency trading, I'm learning about the differences between spot and futures strategies. Spot trading seems more straightforward, involving buying and selling cryptocurrencies at the current market price. This approach suits my long-term investment goals and helps me avoid excessive risk.
Futures trading, however, is more complex, involving contracts that speculate on future prices. While it offers potential for amplified gains, I'm cautious due to the higher risk involved. I'm still figuring out which strategy works best for me, but understanding the differences between spot and futures trading will help me make more informed decisions.
I'm leaning towards spot trading for my long-term investments, but I'm intrigued by the possibilities of futures trading. As I continue to learn and gain experience, I'll refine my approach and adapt to the ever-changing cryptocurrency market.