Quote from: xmonkeyx on Today at 02:30:56 PM

Quote from: Alisha-k on October 05, 2021, 05:00:19 AM

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 never agree with people who choose futures trading because in my opinion it is gambling, it is very clear not when we choose wrong we will lose money. the whole gamble is so.
different from spot trading where we buy a coin that we can keep until whenever we want either in the future it will go down or high in price. it all depends on the analysis and also our luck in choosing.

right, spot trading is more profitable and we can research carefully, and this will be easier to do, for me. different from futures trading which seems to just need luck, so this is like gambling which ultimately makes us disappointed with the end result