Write about cryptos and technology and let us learn from you.

Hello Steemians,
It's another week of the writing expedition and I'm so happy to share my entry in today's topic which talks about crypto and technology. The world is changing by the day as crypto and technology are dominating almost every sector and for that reason, I will be discussing these new changes for us today to learn from.

Recently, I decided to learn more about crypto trading and I came to find out that there are two types of trading present in every exchange and they are the spot trading and the future trading.

This may not be very new to everyone here but I guess there are a lot of people who are new to the Steemit platform and it will be good if they have an idea about these two different types of trading.

Spot Trading

This type of trade has little or no risk attached to it and that is the main reason why every new trader is always advised to start his/her trading journey with this type of trade.

In spot trade, you buy an asset when the price is low and then sell the asset when the price is much higher which will give you some return or profit over time.

It doesn't make much profit for people and the risk is also very low as well. So you buy when the price is low and then sell when the price goes up. With that in mind, you can trade spots on any exchange of your choice.

Futures Trading

Another aspect of trading that made the world of trading more beautiful and interactive is futures trading. In this type of trading, you are allowed to predict the direction you want the asset to move. If your prediction goes right, you will be in profit but if goes wrong you will be at a loss.

This means that in this type of trade, whether the market is moving up or moving down, you can still make a very huge capital as it depends on what you have predicted about the market.

Your profit here and your losses solely depend on whether the market respects your analysis or your prediction. So that is the major difference between the two types of trade we have in the crypto world today.

Conclusion

As a Steemian, you should be able to know the types of trading you would like to get yourself involved in. The Steem token was also listed as a future pair in so many exchanges at the moment and we are expected to also learn the future type of trade since we now have the Steem as part of the future trade.

So just get yourself acquainted with the types of trades available so that anytime you find yourself in any of the situations or conditions you can explain to another person what it is all about. I hope we all have learnt from this.

I want to invite @lhorgic, @josepha, and @dave-hanny to join the contest in this community and share their entry participation.