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Types of trading, trading strategies and risks:

1. Short-term trading (Day Trading): Buying and selling currencies on the same day.

2. Long-term trading (Long-Term Trading): Buying currencies and storing them for a long time.

3. Swing trading (Swing Trading): Buying currencies and storing them for a short time and then selling them.

꧂ Trading steps.꧁

1 Deposit money into the account.

2: Choose the currency you want to trade.

3. : Place a currency buy order.

4: Place a currency sell order.

5: Follow prices and market analysis.

꧂ Trading strategies ꧁

1: Buy currencies when prices are low.

2: Sell currencies when prices are high.

3: Use technical indicators to analyze prices.

4: Distribute risks over several investments.

꧂ Trading risks ꧁

1: Extreme price fluctuations.

2: Losing money due to fluctuations.

3: Platform security breaches.

4: Lack of clear regulation in many countries.

꧂ Trading Tips ꧁

1Continuous learning about the market.

2. Avoid emotional trading: Avoid trading based on emotions.

3: Use security on platforms.

4: Trade small amounts at first.

Sources

1. CoinMarketCap

2. CoinDesk

3. CryptoSlate

4. Blockchain

5. Binance Academy

6. Coinbase Learn$
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