Beginners can't make money.
No beginner makes money on Binance, here’s why: If there are millionaires in the crypto world, it’s because many beginners lose money, often indirectly contributing to the success of more experienced traders. Making even $1 profit on Binance without any experience, fundamental analysis skills, or a clear strategy is next to impossible. Those who enter the crypto market saying “I just want to make money” without having the right knowledge or plan are setting themselves up for failure. Easy money is often portrayed in a seductive way through terms like “crypto millionaire,” leading beginners to believe that fortunes can be achieved easily. But the reality is much harsher. For example, if a beginner bets on the Launchpool token and loses everything, they will end up frustrated, saying “I lost $600!” What they don’t know is that crypto millionaires are only possible because others lose. Market winners benefit from the liquidity of novice investors who: lack analytical skills, do not diversify their investments to manage risk, and have unrealistic expectations due to media portrayals of quick riches.
Cryptocurrencies are not for everyone. Let’s be honest, they are not for those who are not financially stable or who expect quick success. To go from being part of the crowd to someone with a chance at success, you must start with education first.
How to properly start trading cryptocurrencies:
1. Start with spot trading: Allocate your funds to small lots, and focus on stablecoins like USDC. Keep 15% of your portfolio as a reserve to have flexibility.
2. Focus on levels: Convert USDC to assets when it hits its lowest price. Understanding price levels is essential for effective trading.
3. Invest gradually: Avoid making a large investment all at once. Instead, expand slowly to minimize losses in case something goes wrong.
4. Use limit orders: Set buy and sell prices to save on fees and improve entry and exit points, which can increase your profits over time.
5. Stay informed: Following market news is vital to predicting price movements. Trading without following the news can lead to disaster.
6. Adapt to market conditions: In a bear market, consider alternative strategies such as investing in Bitcoin inverse tokens or assets with growth potential.
The bitter truth about trading: Many newcomers think that making $1000 in cryptocurrencies is easy, and they think that making $100 would be easy if there were people who made it big. This leads to overinvestment, they invest $600, expecting quick returns, but they lose everything to more experienced traders. Every newbie who enters the market unprepared loses his money, while experienced traders benefit from his mistakes. The truth is that trading is one of the hardest professions in the world. Unlike low-risk jobs that pay $10 an hour, trading carries the risk of losing everything.
Tips for beginners:
Always use limit orders: they reduce fees and give you more control over your trades.
Be realistic: Cryptocurrency is not a “get rich quick” way. It is a skill that requires dedication, knowledge, and practice.
Understand the risks: Trading requires risk, and fear of loss or overconfidence can have the same negative effect. Cryptocurrencies are not just luck or shortcuts, they require knowledge, discipline, and strategy. Beginners who do not respect this reality will continue to lose money.
Their loyalty is in favor of the winners in the market$BNB