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#GateSquareAprilPostingChallenge
PERP TRADING IN A NUTSHELL FOR A BEGINNER.๐๐
If you've been following me for a while,then you'd understand that I always try to break simple trading terms down for the sole purpose of helping beginners figure out trading by themselves. And today I'd like to break down what perp trading is.
Perp trading (short for perpetual trading) it is like a game where you guess if the price of something,e.g Bitcoin, will go up or down. Imagine you and your friend are betting on whether a ball will bounce higher or lower. If you guess right,you win,if not, you lose.
The special thing is thereโs no time limit,you can keep your guess open as long as you want. You can also borrow extra money to make bigger bets,which can help you win more,but also lose more.
So, perp trading is a risky guessing game about prices going up or down. And that's what it's just means. next time when someone asks you what perp trading is,you wouldn't be that confused anymore,and once again. You're welcome ๐ค