Crypto trading guide

Crypto trading means buying and selling digital currencies to profit from price moves. It runs twenty-four hours a day and can feel like a storm at sea. To start you need a wallet and an exchange and a plan. Exchanges come in two main flavours: centralized exchanges that use order books and custodial wallets and decentralized exchanges that let you trade from non-custodial wallets via liquidity pools. On an order book buyers and sellers place limit or market orders and the price forms where demand meets supply. On an AMM-based decentralized exchange prices come from the ratio of tokens in a pool and trades move that ratio. A trading plan gives you structure and discipline and it should state your goals risk tolerance and exit rules. Define position size and stop-loss levels before entering a trade. Trading styles differ by time horizon and mindset. Day traders open and close positions within a day and rely on fast execution and technical signals. Swing traders hold for days or weeks and aim to capture medium trends with clear stop rules. Position traders hold weeks to months and look at fundamentals and macro themes. Always do your own research and read charts carefully. Candlestick charts show price action over time and reveal support resistance and patterns. Learn to spot bullish and bearish trends and watch for consolidation before big moves. Large holders or “whales” can swing prices by moving big sums and tracking on-chain flows can reveal their intent. Diversify your crypto portfolio to spread risk across different assets and sectors and include stable allocations for cash management. Fees and slippage matter and they can erode profits if ignored. Choose an exchange after checking custody options order types available fee structure and security measures and always verify smart contracts when using decentralized platforms. To buy you must fund an account or bridge in assets and to sell you often need an exit route to fiat or to a stable asset. Risk management is non-negotiable and includes not risking more than a small part of your capital on any single trade. Use limit orders to control execution and set alerts for price levels that matter. Keep records of trades to learn from wins and losses and refine your rules. Security is critical and private keys must be kept offline when possible. Hardware wallets and secure seed backups protect keys and signing transactions on an isolated device reduces exposure to hacks. Education tools backtesting and simulated trading help you gain experience before trading real capital. In crypto trading the market is brutal and beautiful and a clear plan plus solid security can turn chaos into opportunity.