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TRADING SPOT: A Guide to the beginner to the investment of cryptocurrencies

Spot Trading: What It

In the world of cryptocurrencies, trading is a crucial aspect of investment. With the rise of digital currencies like Bitcoin, Ethereum and others, investors can now buy, sell and exchange these assets with ease. Among the different types of trading in cryptocurrencies, trading spot is distinguished as one of the most popular options. In this article, we will immerse ourselves on what trading spot is, how to start and provide precious advice for beginners.

What is the spot trading?

Trading spot refers to the purchase or sale of a cryptocurrency immediately at the current market price. This means that you do not remove any parts for an extended period; Instead, you make an exchange according to market prices in real time. The key characteristics of punctual trading are:

* Immediate execution : You buy or sell cryptocurrencies in real time, without having to wait for a specific order to be filled.

* Price focused on the : market prices dictate the exchange rate between currencies and assets, so you must stay up to date with new and market trends.

* No lever : Unlike margins trading, cash trading does not use the lever effect (borrow money to increase your investment). You buy or sell mainly to its nominal value.

How to start with the spot trading

Before diving into the world of trading spot, it is essential to understand the bases:

  • Choose an exchange of cryptocurrency : Select an online exchange that offers punctual trading, such as Binance, Coinbase or Kraken. Make sure the platform is renowned and has good liquidity.

  • Create an account : Register for an account on the exchange you have chosen, by providing basic personal and financial information.

  • Financing your account : Place the fiduciary currencies (for example, USD, EUR) in your trading account using a payment method such as a banking transfer or a credit card.

Once you are configured, follow these steps:

  • Select the cryptocurrency : Choose the cryptocurrency you want to exchange or go out.

  • Check market prices : Visit the exchange website or use an online table to get an idea of ​​current market prices.

  • Place a purchase or sale order : Use the exchange trading platform or the mobile application to place your purchase or sale order for the selected cryptocurrency.

Advice for beginners

To minimize risks and maximize gains, keep in mind:

  • Start small : Start with a small size of position to gain experience and strengthen confidence.

  • Diversify your portfolio : Displock your investments on different cryptocurrencies and asset classes.

  • Define the orders of STOP-Loss : Place the stop orders to limit potential losses if the market accumulates against you.

  • Stay informed : Hold up to date with market news, regulatory trends and updates to make informed commercial decisions.

  • Be patient : Trading in cash is a long -term game; Do not expect profits overnight.

common traps to avoid

To avoid current errors, know:

  • Liquidity risks : Be careful when purchasing or selling parts with low liquidity, because prices can fluctuate quickly.

  • Volatility of the market

    : Cryptocurrencies markets can be very volatile; Be ready for price oscillations and potential losses.

  • Regulatory modifications : Stay informed of regulatory updates and potential changes that could affect the cryptocurrency market.

Conclusion

Spot Trading offers a practical and accessible way to buy, sell and exchange cryptocurrencies with a small investment. By understanding the basics of punctual trading, following these tips and being aware of the common traps, you can prepare for success in this new exciting world of digital assets. Do not forget to stay informed, keep your emotions in check and be patient – the cryptocurrency market is constantly evolving!

Additional resources

* Binance : Explore their trading features, tutorials and their educational resources.

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