#btc Cryptocurrency trading often aims to capitalize on cryptocurrencies when prices rise, effectively benefiting from market volatility. This dizzying landscape presents both opportunities and challenges for beginners. Before diving into the world of cryptocurrency trading, it is essential to invest time in learning.
1. Trading Pairs
There are two main types of trading pairs: crypto-to-crypto trading pairs and crypto-to-fiat trading pairs.
2. Sort books
An order book is a real-time dynamic list of buy and sell orders placed by traders on a cryptocurrency exchange. It provides a snapshot of supply and demand for a specific cryptocurrency at different price levels. Buy orders list orders from traders who want to buy at a particular price, sell orders list orders from traders who want to sell at a particular price.
3. Market orders
A market order is the simplest type of order, where you buy or sell cryptocurrency immediately at the best price available on the market.
4. Limit orders
A limit order is an order to buy or sell a cryptocurrency at a specific price or better.
Most people start with well-known and established cryptocurrencies like $BTC -$ETH and $BNB . They have a proven track record and are less risky options for beginners.
Exploring lesser-known cryptocurrencies comes with associated risks, including the possibility of losing your entire investment.
Risks and potential returns often go hand in hand. Taking greater risks can generate greater potential returns, although it also increases the probability of losing the invested capital.
This is an extract from #BinanceAcademy below I leave a link.
https://app.binance.com/uni-qr/cart/42827?r=527455375&l=es-LA&uco=Qir0KxAty9Mh85Tr2TtPqQ&uc=app_square_share_link&us=copylink
