#TradingTypes101

In reference to dealing with trading101, one of the best content is provided by A highly recommended book for Trading 101 is Trading 101: “How to Trade Like a Pro by Sunny J. Harris (Published in 1996)” which is beginner-friendly guide while covering essential trading concepts, including market jargon, futures, options, and practical strategies, making it ideal for new traders.

Therefore the essential Parameters are

1. Capital Requirements: $10–$100 for CEXs (e.g., Binance); DEXs (e.g., Uniswap) require crypto for gas fees.

2. Optimal Markets: CEXs for liquid pairs (BTC/USD); DEXs for niche tokens.

3. Monitoring Performance: Use CEX trackers or DEX wallets (e.g., MetaMask); try Blockfolio.

4. Bid/Ask Prices: CEXs use order books; DEXs use liquidity pools, risking slippage.

5. Order Types: CEXs: market, limit, stop-loss; DEXs: mainly market orders.

6. Risk Management: Risk 1–2% per trade; use CEX stop-loss; avoid DEX smart contract risks.

7. Trading Hours: 24/7; DEXs depend on blockchain speed.