Cryptocup trading 101: Understanding key concepts
Regarding crypto -trading, navigation in a complex country of possibilities and strategies can be daunting even for the earliest traders. In this article, we will divide some key concepts in the cryptomic trading you need to know.
1. CEX (Crypto Exchange)
Crypto Exchange is a platform where users can buy, sell and trade cryptomes. The two largest exchanges in the world are Coinbase and Binance. When choosing CEX, consider factors such as fees, liquidity, security features and customer support.
For beginners, it is recommended to start with smaller platforms such as Gemini or Kraken, offering lower charges and a more user -friendly interface.
2. Isolated margin
An isolated margin is a type of business strategy that allows merchants to control their risk without using the league effect in the entire account. It works by maintaining all funds separated from the borrowed amount, thereby reducing potential loss if the market is moving against you.
To illustrate, let’s say you are using 10% of your account balance for trading. With an isolated margin, you would use only 1% of your trading account balance, with 9% available for further transactions or extraordinary events.
3. Limit the order
A limited order is an order to purchase or sell currency at a specific price based on the best available offers on the market. After the location, it cannot be changed or canceled unless another party is carried out.
Limited orders are useful if you want to buy a currency at a certain price and you don’t have to do this within this range due to high market demand or market volatility.
Example: Suppose you want to buy 1 BTC (Bitcoin) with $ 10,000. If the current market price is $ 15,000, your limit order would specify “Buy 1 BTC for $ 12,500 or better.”
Understanding these key concepts in crypto -trading, you will be well equipped with orientation in the complex world of possibilities and strategies. Always be sure to carefully assess the potential risks of each trade before placing your order.
Reneeing of responsibility:
Crypto Trading poses significant risks, including losing the main investments. Before use in the real world, it is necessary to thoroughly examine and understand your chosen strategy.