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$
#Bitcoin#Ton#Earthum#Hamaster
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