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💹 What is spot trading? And who is it best for?

Spot trading is the simplest and clearest type of trading in the world of cryptocurrencies. Simply put, you buy a specific currency at the current market price and hold it in your wallet, or sell it directly when you see a profit opportunity.

✅ Why do people like spot trading?

• Because there is no leverage, so the risks are lower.

• When you buy the currency, you actually become its owner; you can withdraw it, store it, or even use it.

• Suitable for beginners and professionals who want to work with a clear plan and without complications.

✅ How to succeed in spot trading?

• Follow support and resistance; these are the most important tools for determining entry and exit points.

• Do not enter any trade without a stop-loss.

• Take advantage of news and trends, as they directly affect prices.

✅ Quick tips:

• Do not buy a currency just because it is down; choose the currency based on its project and strength.

• Diversify your portfolio between strong currencies and opportunity currencies.

• Combine technical analysis with fundamental analysis.

Spot trading gives you complete control over your capital and teaches you how to be patient, precise, and make balanced decisions.

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