Exchanges offer a wide range of complex ways to trade which will be covered in later articles, but for anyone just starting out, are inappropriate and will likely cause confusion. So we’ll simply focus on the simplest trading option – Spot Trading.
Spot Trading and Spot Exchanges literally enable trading on-the-spot. You simply accept the available price from the Market at the specific exchange at the specific time. You do this via a Market Order.
There is no precision to Market Orders, which is why they are suited to the least time-sensitive approaches to trading as explained previously, such as Cost Averaging and Hodling, which are also appropriate for beginners.
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