š What is a Crypto Trading Operation?
A trading operation includes everything from setting up your accounts to executing and managing trades. This can be done manually or through automated systems (bots/algorithms).
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š§° Basic Components of a Trading Operation
Component Description
Exchange Where you buy/sell crypto (e.g., Binance, Coinbase, Bybit)
Wallet Where you store your crypto (hot or cold wallet)
Trading Pair Two currencies being traded (e.g., BTC/USDT)
Strategy Your method for entering/exiting trades
Risk Management Controls for limiting loss (stop-loss, take-profit, position sizing)
Analytics Tools For market analysis (TradingView, CoinMarketCap, etc.)
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š Steps in a Manual Trading Operation
1. Fund Your Account
Deposit crypto or fiat (e.g., USD, INR) into your exchange account.
2. Market Analysis
Use technical analysis (TA) or fundamental analysis (FA) to predict price movement.
