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#TradingPairs101 When you trade on Binance, you're not just buying or selling a single coin — you're trading a pair. A trading pair shows the value of one cryptocurrency relative to another (e.g., BTC/USDT or ETH/BTC). 🔹 In the pair BTC/USDT, you're using USDT to buy or sell Bitcoin. 🔹 Some pairs involve crypto-to-crypto trades, like BNB/ETH, which means you're trading BNB against Ethereum. Choosing the right trading pair can impact fees, volatility, and even the ease of executing your trade. Always check liquidity and price trends before jumping in.
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#Liquidity101 Liquidity means how easily you can buy or sell an asset without affecting its price. High liquidity means faster, smoother trades with minimal slippage. Major coins like BTC or ETH usually have high liquidity, while new or obscure tokens might have low liquidity, leading to price swings. Exchanges with higher liquidity provide better trading experiences. Always check liquidity before entering a trade—it’s a sign of market strength and can help you avoid unexpected losses or delays.
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#OrderTypes101 Types of orders on the Binance platform include market orders, limit orders, stop orders, and stop-limit orders. Market orders are executed immediately at the current market price. Limit orders are executed when the price reaches a certain limit. Stop orders are activated when the price reaches a certain limit and are converted into a market order. Stop-limit orders are activated when the price reaches a certain limit and are converted into a limit order. Traders must choose the type of order that suits their trading strategy on the Binance platform.
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#CEXvsDEX101 For crypto traders you have to understand the pros and cons of centralized and decentralized exchange before you venture into trade. This is very key.
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#TradingTypes101 for new traders , understanding the direct types of trade and the one you belong to is important. everyone has their trading strategy . trading is not a quick profit stuff, it involves high risk.
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