📘 Crypto Glossary for Newbies – Part 1

🔹 What is a Trade?

It is simply a buying or selling operation. When you buy XRP expecting it to rise, you are going long. If you sell it expecting it to drop, you are going short.

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🔹 Spot vs Futures

• Spot: you buy crypto directly (you own the asset).

• Futures: you trade contracts on the future price (without owning the crypto), you can use leverage and profit even if the price drops.

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🔹 Long and Short

• Long: you buy expecting it to rise 📈

• Short: you sell expecting it to drop 📉

Both are done in Futures.

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🔹 What is a Stop Loss (SL)?

It is a limit that you set to stop losses if the trade goes wrong. Example: if you enter XRP at $3.50 and set an SL at $3.20, if the price falls there, it closes automatically and protects your capital.

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🔹 Take Profit (TP)

It is the opposite of the SL: a limit you set to take profits automatically. If you enter at $3.30 and set TP at $3.60, your trade closes with profit when the price reaches there 😎💰

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🔹 What is Leverage?

It is multiplying your investment. For example: with x10 leverage, you can move $1000 with only $100 of your own.

⚠️ Note: it also multiplies your losses if it goes wrong.

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🔹 Crossed vs Isolated

• Crossed: all your available balance can cover the losses.

• Isolated: you only risk what you put in that trade. Safer for newbies.

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🧠 Closing with a phrase to attract community:

Learning this is like having your bulletproof vest in the crypto market 💼

Start with knowledge, and the profits come 💸

#Criptotips $XRP #BinanceSquareTalks #tradin #CryptoEducation💡🚀 #xrp