Post
Topic
Board Trading Discussion
Re: Basic Types of Trading
by
breathlessz
on 21/10/2021, 03:29:20 UTC
📌 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
Actually, there are some other types of trading as some members here given information, right?
But for me, I only focus on Spot trading. Why? because I am not really good at analyzing the chart or doing technical analysis. I have tried doing trading in the future market, but I really couldn't and I will not risk my money more in the future market.
That is why I choose Spot trading because it is less risky than future
it's easier for spot trading, I've experienced it myself, because we just buy a potential coin and then hold it until we get a draw and we exit the market. I think many people prefer it, especially in cryptocurrencies that have this high fluctuation