Is it confusing to face various types of cryptocurrency trading for the first time? Don't worry, you'll understand it after reading this!
• Spot Trading: Buying and selling cryptocurrencies at the current market price, exchanging money for coins directly. Profits fluctuate with coin prices; it's simple and suitable for new traders seeking stability.
• Futures Trading: Predicting future price trends of cryptocurrencies; go long if prices rise, and go short if they fall. This involves leverage, which can amplify profits, but misjudgments can also magnify losses, making it riskier.
• Margin Trading: Borrowing coins or money from the platform to trade, increasing the principal to gain more profits. This requires extensive experience; otherwise, the risk of liquidation is high.
New traders are advised to start with spot trading, accumulate experience, and then try other types of trading. Invest with caution!