Point trade: beginner guide after cryptocurrency trading
In the world of digital currencies, Spot Trading is a popular method of buying and selling cryptocurrencies with traditional financial institutions. Also known as over -the -counter markets (OTC), point trade allows people trading cryptocurrencies at current market prices without the need for centralized stock exchanges or brokers. In this article, we delve into the basics of point trade, its benefits and provide a step -by -step guide on how to start.
What is point trade?
Point trade includes buying and selling cryptocurrencies at their current market price, as well as traditional trade in shares or goods. Unlike margin trade, which allows traders to borrow money from the stock exchange for larger transactions, point trade requires the trader to pay for coins that they buy in advance.
There are several types of point trade:
- market : It is when the dealer provides liquidity on the market, buying and selling cryptocurrencies at the prevailing market prices.
- without a prescription (OTC) : These are private markets where traders can buy and sell cryptocurrencies, often without central exchange or broker.
- Trading Futures : This includes the exchange of the Futures contract for a specific price of cryptocurrencies, which basically buys and sells simultaneously.
Benefits of point trade
Spot Trading offers several benefits to traders:
- lower costs : Compared to traditional trade platforms, point trade usually requires lower fees, especially for smaller transactions.
- Flexibility : Point trade allows traders to buy and sell cryptocurrencies in their own schedule, without relying on centralized stock exchanges or brokers.
- lever
: Trade with a lever 1: 100 can strengthen profits, but also increases the risk of significant losses if it is not properly managed.
How to start with point trade
Starting point trade requires some knowledge and preparation:
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- Open a trade account : Create an account with a reputable stock exchange or broker, such as Coinbase, Binance or Kraken.
- Depository funds : Financize your commercial account, transferring cryptocurrency from the portfolio or using FIAT currency.
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Popular points trading platforms
Some popular trading platforms include:
- coins
: A well -known cryptocurrency exchange that offers point trade with many cryptocurrencies.
- binance : A large and active exchange of cryptocurrencies that offers point trade, margin trade and Futures trade.
- Kraken : A renowned stock exchange that offers point trade, margin trade and trade in options for various cryptocurrencies.
- Bitmex : A popular stock exchange that offers point trade with margin trade and trade in derivative instruments.
Tips for successful point trade
To succeed in point trade:
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- Use the appropriate risk management : Order settings for the degree of alloy, size position and leverage limits to manage risk exposure.
- Diversify : Spread your transactions into various cryptocurrencies to minimize exposure to market variability.
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