๐น Types of Trading
1. Spot Trading:
This is the simplest form of trading. You buy a cryptocurrency and when the price rises, you sell it to earn a profit.
2. Futures Trading:
In this type, you speculate on whether the price will go up or down. Here, you donโt buy the actual cryptocurrency but rather trade a contract. It can be highly profitable but also very risky.
3.Margin Trading:
This involves borrowing funds from the exchange to trade with larger capital. If your trade goes in the right direction, you earn higher profits, but if it goes wrong, the losses are also bigger.
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