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RE: Cryptocurrency Trading Types: Which is Safer?

in LeoFinance2 months ago

I wouldn’t say there is a safer/riskier trading type. Of course some instruments like margin/leverage could be lethal into beginners hands but it’s finally a trader issue more than a trading type issue.
Any trading type can be safe, it boils down to 2 important trader skills: money management and trade plan.
To simplify, the first one defining the size of your trade and the number of different trades. And the second being a list of actions to be taken depending on specific situations (basically stop loss and take profit orders).

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For me, there's always a safer trading type and I always advice beginners to start with the safest which is spot trading...