Post
Topic
Board Trading Discussion
Re: Basic Types of Trading
by
martina14
on 10/10/2021, 13:28:58 UTC
There are basically two types of trading on binance generally (SPOT trading and FUTURES trading

📌 Spot Trading: you buy any coin of your choice at any given rate, you HODL for it to rise higher, you sell at any point you feel it has risen enough

📌 FUTURES trading: you predict whether a particular coin is going to rise of fall in price, if it goes in opposite direction from your prediction, you lose your money and your coin

Note: In SPOT trading, you can never lose your coin, the worth of your coin can only reduce but your coin remains to rise again in worth when the market goes green.

I had been here in cryptocurrency business for a couple of years and yet, I never try to use Future and Margin trading.
Most of the time I used spot trading and I don't see any problem if I stick unto it. And according to what I read, watch in youtube and
heard for some rumors, Future and Margin is much more higher risk rather than Spot trading and I think it is right, actually.