#CEXvsDEX101 Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are platforms for trading cryptocurrencies. CEXs, like Binance or Coinbase, are managed by companies that control user funds and handle transactions. They offer high liquidity, speed, and customer support but require users to trust the platform. DEXs, such as Uniswap or PancakeSwap, operate without intermediaries, allowing users to trade directly from their wallets using smart contracts. They provide greater privacy and control but may have lower liquidity and a steeper learning curve. Choosing between CEX and DEX depends on user preference for convenience, security, and decentralization. Each has unique benefits and risks.
#TradingTypes101 Trading is the act of buying and selling financial instruments such as stocks, currencies, commodities, or cryptocurrencies with the goal of making a profit. Traders analyze markets using technical indicators, charts, and news to make informed decisions. There are different types of trading, including day trading, swing trading, and long-term investing. Markets operate through exchanges like the NYSE, NASDAQ, or Forex platforms. Successful trading requires discipline, risk management, and continuous learning. While it can offer significant rewards, it also involves high risk. Beginners often start with simulated trading before risking real capital to build experience and confidence.