Spot Trading Vs Future Trading
Assalamu Alaikum
How are you all Hope everyone is well. Alhamdulillah I am also very well. Friends in today's post I will talk to you about spot trading vs future trading. Let's start with spot trading. To be good at trading, you must do good market analysis. For spot trading you need to know the market well. Research the market thoroughly to know what the next movement of the coin you have invested in is going to be. Moreover, you will not know the market well.
Spot trading is basically something where you buy a coin and then expect the coin to perform well when it pumps the coin. In spot trading you have to take risk but less risk than future trading. You may not get as much profit as you invest. I think you can do something good only if you have good knowledge about the market. So I prefer spot trading.
Futures trading is not that simple though. I don't like futures trading. As a result, you may face a lot of losses. You may not be able to do anything good as a result of so much loss. And if you are a Muslim then it is good for you to know that future trading is prohibited in Islam. So as I Muslim we should avoid it. If you can't predict the future in futures trading, you will be in trouble.
After knowing everything I like spot trading very much. I have been in spot trading for almost a long time. But one thing to remember in cryptocurrency is that there is more risk here. If you want to work here, you have to take risks. And otherwise you will never succeed here. Those who cannot take risks. It's not for them. And those who can take the risk can come now. So this was today's post. Seen in a new post. Thanks everyone.
| Device | Mi Note-9 |
|---|---|
| Discord | .samin01 |
| Country | Bangladesh |
Thanks
In your post you discussed beautifully about spot treading and future trading. Personally i like spot treading and i avoid future treading because of this is haram in islam . However beautiful article you shared.
Yes
Great article from you friend, indeed it depends on your risk appetite and what drives you, personally I prefer futures
Thanks for reading.
I always prefer Spot Trade, and try to refrain from Future Trade, because Future Trade is a kind of gambling, so it is very important for us all to be careful from here! Thank you for explaining so beautifully!
You are right brother.