Trading involves buying and selling financial assets (crypto, stocks, forex, commodities) aiming to profit from price movements$BNB
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Types of Trading:
1️⃣ Day Trading
Buy and sell within the same day to profit from small price movements.
High risk, requires fast decisions.
2️⃣ Swing Trading
Hold positions for days/weeks, targeting medium-term trends.
3️⃣ Scalping
Take advantage of tiny price movements, making many trades in a day.
4️⃣ Position Trading
Long-term trading (months/years), similar to investing but actively managed.
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Key Terms:
Market Order: Buys/sells immediately at current price.
Limit Order: Buys/sells at a specific price you set.
Stop Loss: Automatically sells to limit your loss.
Take Profit: Automatically sells to lock in profit.
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Risk Management:
✅ Never risk more than 1–2% of your capital per trade.
✅ Always use stop-loss orders.
✅ Diversify instead of putting all funds in one asset.
✅ Only trade with money you can afford to lose.
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Crypto Trading Specifics:
Highly volatile, meaning prices can swing rapidly.
Trade on exchanges like Binance, Coinbase, Kraken.
You can trade spot (direct asset buying/selling) or futures (trading on leverage, higher risk).
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Tools You Can Use:
📈 TradingView for chart analysis.$BTC
📊 CoinMarketCap for tracking crypto prices and volumes.
🤖 Bots (advanced) for automated trading strategies.
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If you would like, I can prepare: ✅ A structured crypto trading plan for you
✅ Daily trading routine steps$BNB
✅ A beginner-friendly risk calculator sheet