DG Confirm
Open Trade
Occasional Trader
4.1 Years
126 Following
5 Followers
6 Liked
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♥️CEXvsDEX
Thinking about trading crypto but not sure where to start? Let’s break down the two main types of exchanges:
✅ CEX (Centralized Exchange):
Easy to use
Higher liquidity
Need to trust the platform (they hold your funds)
Usually requires KYC (identity verification)
Good for beginners
🔓 DEX (Decentralized Exchange):
You keep control of your own funds
No KYC
Can be harder to use
Lower liquidity
More freedom, but also more responsibility
📌 TLDR:
CEX = convenience & support
DEX = control & privacy
---
📈 TradingTypes
Not all traders are the same. Here are the common styles — which one are you?
⚡ Scalper:
In & out in minutes
Tiny gains, many times a day
Needs speed + focus
☀️ Day Trader:
Opens & closes trades within a day
Watches the market closely
🌊 Swing Trader:
Holds for days or weeks
Catches short-term trends
🛋️ Position Trader:
Long-term holder (months/years)
Believes in the bigger picture
🤖 Algo Trader:
Uses bots to trade automatically
Set rules, let code do the work
📌 TLDR:
Choose what fits your time, style & risk level. No one-size-fits-all.
---
👉 Pro Tip:
Start small. Learn by doing. And remember: managing risk is just as important as making gains.
---
#NoRiskNoFerrari #norisknostory
#CEXvsDEX101 #TradingTypes101
Thinking about trading crypto but not sure where to start? Let’s break down the two main types of exchanges:
✅ CEX (Centralized Exchange):
Easy to use
Higher liquidity
Need to trust the platform (they hold your funds)
Usually requires KYC (identity verification)
Good for beginners
🔓 DEX (Decentralized Exchange):
You keep control of your own funds
No KYC
Can be harder to use
Lower liquidity
More freedom, but also more responsibility
📌 TLDR:
CEX = convenience & support
DEX = control & privacy
---
📈 TradingTypes
Not all traders are the same. Here are the common styles — which one are you?
⚡ Scalper:
In & out in minutes
Tiny gains, many times a day
Needs speed + focus
☀️ Day Trader:
Opens & closes trades within a day
Watches the market closely
🌊 Swing Trader:
Holds for days or weeks
Catches short-term trends
🛋️ Position Trader:
Long-term holder (months/years)
Believes in the bigger picture
🤖 Algo Trader:
Uses bots to trade automatically
Set rules, let code do the work
📌 TLDR:
Choose what fits your time, style & risk level. No one-size-fits-all.
---
👉 Pro Tip:
Start small. Learn by doing. And remember: managing risk is just as important as making gains.
---
#NoRiskNoFerrari #norisknostory
#CEXvsDEX101 #TradingTypes101
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And at the very bottom, there's a "Blog Post
Link" that starts with "Discovery, Access, Rewards
Click here
"Get a New Word"
Below that, there's a prompt:
"Share today's top blog post with a friend, get them to visit the link, and you'll receive another chance to play Word of the Day!"
And a link:
"Discovery, Access, Rewards, and Superior UX – Here's How Binance Alpha Enhances The Web3 Experience"
Further down, within a separate section, it says:
"BINANCE WALLET WINS THE CHAIN"
"$5B DAILY VOLUME AND 95.3% MARKET SHARE"
And at the very bottom, there's a "Blog Post
Link" that starts with "Discovery, Access, Rewards
Click here
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