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Trade is a fundamental concept of the economy, which includes the purchase and sale of valuables. These may be goods and services for which the buyer pays the seller some compensation. In other cases, trade may involve the exchange of goods and services between the parties to the transaction.
In the context of financial markets, tradable assets are called financial instruments. These can be stocks, bonds, Forex currency pairs, options, futures, margin products, cryptocurrencies and other instruments. If you are not familiar with some of the terms from this list, it's okay – we will explain them in the course of the article.
The term "trading" is usually used to refer to short-term trading, when traders actively open and close positions for relatively short periods of time. However, this definition is somewhat misleading. In fact, trading can refer to a wide range of different strategies, such as day trading, swing trading, trend trading, etc. But don't worry. We will look at these strategies in more detail later.
any new player starting to work with cryptocurrencies needs to know about several types of trading on the crypto market. There are 3 main ones, each of which involves working with exchanges of certain categories. And so, 3 types:
Margin trading of cryptocurrencies
Standard Altcoin and Bitcoin Trading
Login to IEO and ICO
Let's briefly focus on each of them
Margin trading is Trading with leverage and with funds borrowed from exchanges. Trading for an amount exceeding $ 1000, in fact, you can have only a tenth of this amount. The leading exchange with this functionality is Bit mix. We wrote more about the exchange and the principles of trading with margin here.
Standard altcoin trading is a classic trade of the type of usual speculation "buy cheaper - sell more expensive". The leading exchange is the Finance mentioned above and below.
In fact, trading cryptocurrency on the stock exchange requires special knowledge. It's not worth the risk. Start your journey confidently from the basic level. I advise you to learn more about cryptocurrency-trading and the use of convenient trading bots. This will give you a chance for passive income without additional knowledge. Just try it and you will understand how it works.
It seems to me that gambling has a lot in common with trading on the stock exchange, because you can apply certain strategies in order to succeed. I want to draw your attention to a very interesting offer for gamblers on this site https://duckdice.io. I have heard a lot from various sources about this profitable and interesting online cryptocurrency dice game. In my opinion, this is very exciting if you approach this game with intelligence and understanding.