#ETHBreaksATH
The basics of trading are fundamental rules and principles that must be understood before starting to trade. Here is a comprehensive summary:
**Basic Principles:**
1. **Proper understanding of risks**
2. **Setting goals**
3. **Choosing a trading strategy**
4. **Understanding charts**
5. **Risk management**
6. **Controlling emotions**
7. **Continuous learning**
**Types of Trading:**
1. **Day trading**
2. **Weekly trading**
3. **Monthly trading**
**Trading Tools:**
1. **Trading platforms** (Binance, Robinhood, eToro)
2. **Charts** (TradingView, CoinMarketCap)
3. **Technical analysis tools** (Moving averages, Momentum indicators)
**Basic Trading Terms:**
1. **Buy**: Purchase a financial asset
2. **Sell**: Sell a financial asset
3. **Stop-loss**: An order to stop loss at a certain price
4. **Profit target**: Target price for profit
5. **Leverage**: Using borrowed funds for trading

