Which is the best trading crypto method?
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Which way of trading crypto works best: copy trading, futures trading, or spot trading? Have you thought about merging methods? How important is it to control your risks when you trade? Share the ways you like to do things.
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For crypto, spot trading is generally safest for beginners. Futures are high-risk, high-reward. Copy trading can be risky if you don't vet the trader. Merging methods is possible but complex. Risk management is paramount in all crypto trading.
I prefer spot trading with strong risk controls. But remember, no single "best" exists; it depends on your risk tolerance and goals.
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@Kaile
Thanks for your answer, but if spot trading is the easiest and safest way for beginners to start, how can new traders improve their skills to take on more complex options like futures or copy trading? They want to do this without risking too much or losing their hard-earned money. -
If you’re new to futures or copy trading, concentrate on learning and practicing. Here are some key steps to keep in mind:
First, get to know the basics, such as margin and leverage. Also, check out free learning resources and join trading communities to connect with others. It's essential to use demo accounts, as they allow you to test your strategies without any financial risk.
Finally, when you do start investing, take it slow. Begin with a small amount and only increase your investment as you become more comfortable and skilled.