#TradingTypes101 When people start to learn about Bitcoin or buy their first cryptocurrency, one of the first questions that usually arises is: “What can I do with my cryptocurrency?”

So, how does someone begin their journey to become a crypto trader? Read on to find out! This article explains what trading is, provides insight into the inner workings of crypto platforms, and describes some key tools and strategies that traders use to hone their craft.

Trading involves buying and selling assets over short periods of time - typically hours, days, or weeks - with the goal of making a profit.

Some traders follow the mantra “buy low, sell high,” but others use cryptocurrency products or strategies that allow them to take advantage of price fluctuations in assets in other ways.

Different types of trading are generally classified using four main categories depending on how long the trader intends to hold their position.