Are you a trader looking for a profitable strategy? It's time to understand the difference between spot trading and futures trading!
In spot trading, you buy and sell cryptocurrencies at the current price and hold them in your wallet. It's a safe option for beginners and does not involve leverage, which means lower risks.
On the other hand, futures contracts are for the big players! They give you the ability to use leverage to achieve huge profits even from small market movements. However, they carry high risks and you could lose your entire capital if you don't have strong risk management.
🔁 Each type has its time and style. The key is to know when to use each strategy based on market conditions and your level of expertise.
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1️⃣ Don't invest your entire capital – diversify your investment. 2️⃣ Keep an eye on global news, as it moves the market. 3️⃣ Rely on technical analysis and stay calm during fluctuations. 4️⃣ Take profits gradually and don't be greedy. 5️⃣ Always use stop-loss.
🚀 Bitcoin is an opportunity.. but the smart one is the one who manages it well.