WEB3
by BSCN
February 9, 2023
Maximize your profits with the best trading strategies on LYOTRADE.
First-time crypto traders can be overwhelmed when trading digital assets amidst fluctuating red and green digits and candlesticks on the screen. Volatility is always associated with the crypto market, which is why getting beaten by unpredictability is just another Tuesday for both newbies and veteran traders. Achieving your goals when it comes to crypto trading is not just affected by how often you study crypto trading books or online articles. It is also influenced by the crypto exchange you are using and the features that come with it.
Spot trading is the process used by traders to generate short-term profits by purchasing coins at real-time prices and selling them once their prices increase. It has a different concept from crypto investing, where you HODL cryptocurrencies to gain long-term profits.
Can you trade more assets than what you currently own? With margin trading, the answer is yes. Traders are able to do this by borrowing funds from an exchange to use it to ramp up their gains. It is also important to keep in mind that in margin trading, the higher the potential gains, the higher the potential losses too.
Futures trading is like an agreement between a trader and the exchange where a trader will buy or sell cryptocurrencies at a set price on a specified date in the future. It is considered one of the risky trading strategies out there because of the unpredictable price swings of digital assets.
An exchange-traded fund or ETF is a financial tool to buy baskets of stocks containing shares of hundreds or thousands of companies with a single purchase. ETFs are publicly traded securities, like stocks. During trading, they can be bought or sold at any time during the trading day.
There are four ways for a user to buy and sell cryptocurrencies: credit card, debit card, SEPA, and SWIFT. With these options, users can trade more than 250 cryptocurrencies around the world and use 53 fiat currencies.
The crypto exchange allows users to exchange LYO Credit with USDT seamlessly and perform different types of trading on the website.
Crypto trading is much simpler and better with LYOTRADE’s user-friendly interface and advanced features. Start trading on LYOTRADE by creating an account now.
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