Live trading refers to the real-time buying and selling of cryptocurrencies on an exchange. It involves executing trades instantly, allowing participants to take advantage of market movements as they happen. Traders use various strategies based on market analysis, trends, and price fluctuations to maximize profits.Participants can place market orders, which buy or sell at the current price, or limit orders, which set a specific price at which they are willing to trade. Live trading requires a good understanding of the market and the ability to make quick decisions.While the potential for high rewards exists, it also comes with significant risks. Prices can be extremely volatile, leading to quick losses as well as gains. As a result, effective risk management and setting stop-loss levels are crucial for anyone involved in live trading.Many traders also utilize tools and platforms that offer charts, indicators, and automated trading options to enhance their ability to react promptly to market changes.