#TradingPsychology
Let me explain the basics simply:
1. What is crypto?
Cryptocurrencies like Bitcoin $BTC , Ethereum $ETH , and others are digital assets traded online without a central intermediary (like banks). A technology called blockchain is used.
2. Types of trading in crypto:
Spot Trading: You buy and sell the currency directly.
Margin/Futures Trading: You enter a trade with an amount larger than your actual capital (higher risk).
Day Trading: Opening and closing trades on the same day.
HODLing: Buying a currency and holding it for months or years.
>>> Always trade in well-known and popular currencies <<<