๐ Understanding the Basics of Trading: A Quick Guide ๐
New to trading? Letโs break down three essential concepts every beginner should know: trading types, order types, and trading pairs.
๐ผ Trading Types 101: These refer to the different strategies used in the market โ such as spot trading, margin trading, and futures. Each has its own risk and reward profile.
๐ Order Types 101: Market, limit, and stop orders are the most common. Knowing when and how to use each type is key to managing your trades effectively.
๐ฑ Trading Pairs 101: A trading pair represents two assets you can trade โ like BTC/USDT. Understanding how pairs work helps you navigate different market opportunities.
Mastering these basics builds a strong foundation for smarter, more confident trading. ๐
