Post
Topic
Board Trading Discussion
Re: Basic Types of Trading
by
Dewi Aries
on 15/10/2021, 17:19:01 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 am more into spot trading, maybe future can be more promising, but as we know risk behind it is bigger too. Maybe any trading style, as long it can give you profit, or at least not give you much stress feeling, will be good to pick. Because both maybe have their own benefit and risk and people freely choose what fit to them.