I’ve been trading crypto for over 8 years, and my advice to beginners is to focus on spot trading rather than futures trading.
Many crypto influencers suggest futures trading, but it’s risky and can quickly lead to big losses. If you don’t know how to manage risk properly, you can lose all your money, even if you’re making small profits in the short term. With futures, your account can get wiped out fast.
Spot trading is much safer. You buy and hold coins without the risk of losing everything. You can still make steady profits (like $30 to $80) over time without the fear of liquidation. Plus, you have a chance to recover if the market drops.
$XRP and XLM are both cryptocurrencies, but they serve different purposes:
- **$XRP **: Created by Ripple Labs, XRP is designed to facilitate fast and low-cost cross-border payments. Its primary use is in the financial industry to enhance transaction efficiency between different currencies and financial institutions.
- **$XLM **: Developed by the Stellar Development Foundation, XLM (Stellar Lumens) aims to improve cross-border transactions for individuals and institutions by providing a more accessible and inclusive financial infrastructure. It focuses on connecting banks, payment systems, and people in developing countries.
$BTC saw a sharp drop following news of the conflict in Iran. The price tested a key support level but quickly bounced back. In the coming days, it’s important to watch how the situation develops. If $BTC falls below $103,000, it could decline further toward the $100,000–$101,000 support zone.#Tradersleague
BREAKING 🚨 Former President Trump has issued a $7 billion tariff threat to Nike, demanding the company move production to the U.S. or face steep penalties. After Nike declined to respond, Trump followed through—shaking the foundation of the $96 billion brand.#Tradersleague