is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?
It's a very good practice. The goal for every investment is to always stay in profit. Never get distracted by how little the profit might seem if you keep the little coming without getting greedy along the line you will be amazed to what extent your own portfolio will grow with consistency and patience most basically
Spot trading is highly recommended for newbies to develop trading skills, because if we can generate profits on a regular basis, even though
the profit generated is small, then slowly we will generate large profits if we accumulate the profits we make. So as you said, stay patient and
don't be too greedy when trading, then we will get positive results. My advice is not to be obsessed with big profits and then we try futures trading,
where our trading skills are not too good. Another thing to avoid is trading by relying on signals from other people in the trading group, it will only
make us lose money faster. After all, by trading relying on signals from other people, it will not make our trading skills increase too. All we have
to do is practice spot trading with our own research and analysis skills, then learn from every mistake we make. Slowly we can become successful
traders by achieving large profits.