š š Spot or futures ā which one fits your style? š”
When diving into crypto, knowing the difference between spot and futures trading is key:
š Spot Trading ā
You buy/sell the actual asset (like BTC or ETH). Great for long-term holders and those who want full ownership. Strategy? Buy low, hold through volatility, and sell high. Simpler risk, no leverage.
š Futures Trading ā
You trade contracts based on price predictions, not the asset itself. Often involves leverage, which amplifies both gains and losses. Ideal for short-term traders. Strategies include scalping, hedging, and swing trading but risk management is crucial.
Whether you're building wealth slowly or chasing short-term profits, understanding your risk tolerance and goals will guide your path. Always DYOR šš
