(Note: Profits in flexible trading are considered usurious interest)
Binance Flexible Trading is a type of trading that allows traders to trade cryptocurrencies at flexible prices, without having to set a specific price to buy or sell. This type of trading allows traders to:
Advantages
1. High liquidity: Traders can trade in large volumes without affecting the price.
2. Reducing risks: Risks can be reduced by spreading investments over several prices.
3. Speed: Trades can be executed more quickly because there is no need to specify a specific price.
4. Diversity: Multiple cryptocurrencies can be traded at the same time.
Flexible Trading Types in Binance
1. Market Order: The trade is executed immediately at the current market price.
2. Limit Order: The trade is executed when the specified price is reached.
3. Stop-Limit Order: The trade is executed when the specified price is reached, with a maximum loss price specified.
4. Stop-Loss Order: The trade is executed when the specified price is reached, to minimize losses.
How to Use Flexible Trading on Binance
1. Open an account on Binance.
2. Choose the cryptocurrency you want to trade.
3. Choose the type of flexible trading you want to use.
4. Enter the quantity you want to trade.
5. Specify the price (if necessary).
6. Select additional options (such as premium loss price).
7. Confirm the transaction.
advice
1. Use technical and fundamental analysis tools to identify trends.
2. Spread your investments to improve risk.
3. Use stop orders to prevent large losses.
4. Monitor the market in real time.
5. Learn new trading strategies.
sources
1. Binance website ((link unavailable)).
2. Binance Help Center ((link unavailable)).
3. Other trading platforms (eg Coinbase, Kraken).
4. Trading and financial analysis books.
