#TradingTypes101 The Binance app offers various trading types to suit different strategies:
* Spot Trading: The most common. You buy and sell cryptocurrencies directly at the current market price (or a specified limit price) and own the actual assets. Ideal for beginners and long-term holding.
* Margin Trading: Trade with borrowed funds to amplify potential profits (and losses). Higher risk.
* Futures Trading: Speculate on future price movements of cryptocurrencies without owning the underlying asset. Involves leverage and higher risk.
* P2P Trading: Direct peer-to-peer trading with other users, offering more payment flexibility.
* Trading Bots/Copy Trading: Automated strategies or copying successful traders.
For beginners, Spot Trading with basic order types like Market Orders (execute immediately) and Limit Orders (set a specific price) is recommended.