#TradingTypes101 $SUI Candle 😌 | Demon Crypto on Binance Square

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#TradingTypes101 $SUI Candle 😌

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#TradingPairs101 A trading pair represents two different currencies you can trade between. For example, BTC/USDT means you can trade Bitcoin for Tether (USDT) and vice versa. The first currency is the “base,” and the second is the “quote.” You’re basically buying or selling the base currency using the quote currency. Understanding trading pairs is important for managing your trades effectively. Some exchanges offer crypto-to-crypto pairs, like ETH/BTC, while others offer fiat pairs like BTC/USD. Choosing the right pair can reduce trading fees and maximize profit opportunities. Always check volume and spread before selecting a pair.

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#CEXvsDEX101 Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are the two main platforms in crypto trading. CEXs like Binance and Coinbase are easy to use, offer high liquidity, and support fiat currencies. However, they hold your funds, which can be a risk if the exchange gets hacked. On the other hand, DEXs like Uniswap or PancakeSwap let you trade directly from your wallet, offering more control and privacy. But they may have lower liquidity, higher fees, and a more complex interface. Both have their pros and cons, and choosing between them depends on your needs and experience.

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#OrderTypes101 Order types are an important part of trading strategy. The most basic is the market order, which executes immediately at the current market price. Then there's the limit order, where you set the price at which you want to buy or sell — it gives better control, but it might not fill immediately. Another type is the stop-limit order, which becomes a limit order when a certain price is reached. There’s also the stop-market order, triggering a market order when a certain price is hit. Understanding order types helps minimize losses and maximize profits during volatile market conditions.

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Today I opened a trade in the BTC/USDT market using a 4-hour chart. I saw a nice bounce with strong RSI and MACD indicators, so I entered the trade. I used $100 capital and closed the trade with around 3% profit. I also checked news and market sentiment before entering. Sometimes I lose, but I always manage my risk with stop-loss. I also made a small trade in SOL/USDT today. I try to do 2-3 trades daily and keep a trading journal to learn from mistakes and improve my strategy over time.

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I recently upgraded my crypto portfolio by adding some promising projects like $INJ and $RNDR. Both coins are related to AI and DeFi, which are expected to grow significantly. My portfolio is now 50% in stable assets like $BTC and $ETH, 30% in medium-risk coins, and 20% in high-risk high-reward tokens. I regularly review my portfolio and rebalance based on market conditions. I also keep a part of my funds in $USDT and $USDC for emergencies and quick trades. I believe a well-diversified portfolio is key to long-term success in crypto.

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