Scalping is a trading style where profit is derived from minimal price fluctuations. This strategy is suitable for those ready to work at high speeds and enjoy short-term trades.

Why scalping?

⚡ Quick profits on small movements.
🔒 Independence from long-term trends.

Fundamental analysis is a way to assess the value of an asset (e.g., cryptocurrency, stock, or company) based on examining its fundamental characteristics, not just its price. Its goal is to understand whether the asset is overvalued or undervalued and to use this information to make buying or selling decisions.

News trading is a strategy in which traders try to profit from the cryptocurrency market's reactions to important events or news. Usually, in such situations, the market reacts sharply and quickly. For example, when a news item comes out stating that a major company has started using cryptocurrency in its operations, the price of BTC or ETH may spike. If the news is negative—for example, the government introduces new restrictions on cryptocurrency—prices may drop significantly.

For many, the article about spot or futures and how to start has sparked a storm of comments. Thank you for reading and discussing!
What are futures in cryptocurrency and how to work with them?
Futures are an instrument that allows you to profit from the price changes of cryptocurrencies, even if you do not own the coin itself. You predict whether the price will rise or fall and make a profit (or loss) depending on the accuracy of your prediction.

When I first started understanding trading, I often got carried away by emotions. I made a trade, earned — I was happy, but didn't analyze why it happened. I lost — it was frustrating, but I also didn't explore the reasons. In the end, everything was chaotic. That's when I learned about the trading journal, which helps to bring order to trading.

⚠️ The most common types of scam in Telegram: how not to fall for scammers’ tricks ⚠️

📩Letter to PM
In 99% of cases, if a stranger writes to you, it is a scammer. They may pretend to be supportive or offer help if you have shared a problem in some chat room. Administrator nicknames are often faked. Always check your nickname with the official channel. Remember: admins will never be the first to write with a request to buy something, transfer money or follow a link!

🔗Phishing links
Unverified links from unofficial sources may be malicious. They can steal your data or infect your device with a virus.

🗑NFT trash
If you find a bunch of junk NFTs in your wallet with the promise of mountains of gold, don't interact with them. This is a trick of scammers. Ignore such “gifts” and do not give in to provocations.

💬Transaction letters
When sending transactions, the scammer can write a comment about the drop and attach a link. Never follow such links or connect your wallet. This could lead to your funds being stolen.

🤡Spammers in chats
Messages with an airdrop button leading to fraudulent sites, calls to join closed channels, clubs, or receive signals are all tricks of scammers.

🔒 How to protect yourself?
- Be vigilant.
- Control your emotions and use common sense.
- Follow basic security: don't share personal information, don't click on suspicious links, and don't trust strangers.

🌐 Screenshots with seed phrases and funds in the wallet
Do not enter this phrase anywhere, there is no money for commission and when you want to replenish your wallet, a bot will work and write off all incoming funds.

🥸Access to courses/books/trainings
This is a way for scammers to scam you out of money, and not a gesture of goodwill. There is no need to write to them or follow their links.

Be on the lookout and develop crypto security ⬇️

🟥save and send to a friend!
$SOL $NOT $SHIB
P.s. Dropworld1
#ScamRiskWarning #scam #traiding #newscrypto #Wallet

Here are 5 books that can help you learn how to trade crypto:

"The Crypto Trader" by Glen Goodman: This book is a practical guide that covers the basics of trading, including technical analysis and risk management. It also includes interviews with successful traders and their strategies.

"Trading Cryptocurrencies: A Beginner's Guide" by Clem Chambers: This book provides an introduction to cryptocurrency trading, including how to read charts and identify trends. It also covers risk management and trading psychology.

"Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond" by Chris Burniske and Jack Tatar: This book provides a comprehensive overview of the cryptocurrency landscape, including how to analyze and invest in different cryptocurrencies.

"The Bitcoin Standard" by Saifedean Ammous: While not specifically focused on trading, this book provides a deep understanding of Bitcoin and its underlying principles. It can help you make informed investment decisions and understand the long-term potential of cryptocurrencies.

"Technical Analysis of the Financial Markets" by John J. Murphy: This book is a classic technical analysis guide that can be applied to trading cryptocurrencies. It covers topics such as chart patterns, indicators, and market trends.

Remember that trading cryptocurrencies can be risky, and it's essential to do your own research and invest only what you can afford to lose. These books can provide valuable insights and guidance, but it's crucial to develop your own trading strategy and risk management plan.

#Binance #LearnCrypto #traiding #trade #BTC

Candlestick charts are one of the most popular tools for traders. They not only show how the price has changed, but also give clues about what might happen next. If you want to understand the market and trade more confidently, it is worth mastering several key candlestick patterns. Let's look at the most important and simple ones.

At first glance, the cryptocurrency market seems chaotic and complex. Prices fluctuate, projects come and go, and news is full of contradictions. But if you dig deeper, it operates according to certain rules, which can be understood.

1. What is cryptocurrency?
Cryptocurrency is digital money that operates on blockchain technology. It has no physical form, like regular money, and it is not dependent on banks. The main idea is freedom and decentralization. The most popular cryptocurrencies are Bitcoin (BTC) and Ethereum (ETH).

Trading is not just about numbers, charts, and strategies, but also about a huge amount of self-work. Here, success often depends not on how smart you are or how much you know, but on how you manage your emotions. Panic, greed, euphoria, fear — all of these can ruin even the most well-thought-out strategy. Let's figure out how to learn to keep emotions under control and make rational decisions.

Our experts talk about the new trend in the crypto market and the associated risks of trading through Telegram bots

Trading bots in the Telegram messenger have quickly gained popularity among cryptocurrency traders. And those who prefer trading assets on decentralized exchanges (DEX). They are easier to use for quick and more precise trades. And skipping not the most user-friendly interface of blockchain-based trading platforms. However, the convenience of bots comes at the cost of trusting such bots with access to investors' wallets.

Based on predetermined rules, having received a message, bots can recognize trading commands. And interpret them and then promptly execute trades on decentralized exchanges such as Uniswap. When first launched, the bot creates a wallet for the user. And providing him with access keys, after which funds need to be deposited into that wallet to start trading.

Bots also give a set of useful tools such as limit orders. And copy-trading (automatic copying of trades of given addresses) and so-called token sniping - tracking the appearance of new tokens on the Ethereum blockchain with automatic purchase. The bots have their own tokens, and rising prices are creating a speculative frenzy around them.

Unibot, launched in May this year, is considered the obvious leader in terms of the number of users and trading volumes

Its own token, UNIBOT, rose in value by more than 50% over the past week. And since its launch, it has increased in value almost 50 times. The demand for the token is supported by the fact that it must be held to pay trading commissions. However, 40% of these commissions are returned to users and are distributed proportionally to the number of tokens held by all owners.

The daily trading volume of the UNIBOT token at the time of publication exceeds $10.5 million, according to the aggregator CoinGecko. The site has a separate section for tokens of Telegram bots. And their list already numbers in the dozens - the developers are obviously trying to repeat the success of the pioneer and capitalize on the new market narrative.

Other popular bots include Swipe, WagieBot, Bolt and others. According to Dune Analytics, since May, more than 63,000 users have made transactions totaling about $193.7 million using bots, with Unibot accounting for the vast majority of the transactions. And more than $1 million in commission refunds have been distributed to bot token holders.

When making transactions on decentralized exchanges, users have to constantly log into their wallet. And check the correctness of information about tokens and face high commissions. At the same time, they still have full control over their own assets and do not need to entrust their wallet keys to a third party.

The appeal of trading bots is likely due to their ease of use compared to platforms. And which run on smart contracts. That said, users are forced to trust the wallets. And which are created inside the bots, with the condition that the bots have full access to them.

Safety and risks of Telegram bots

Despite the surge in popularity of trading bots. Security experts are critical of their approach to user assets.

In a comment to The Block, former Microsoft security chief Christian Seifert calls the emergence of trading bots in Telegram a "scary development." And at the same time referring to their closed source code and the need to share wallet keys with them. In his opinion, this can be more dangerous than transferring funds to dubious crypto exchanges or to the addresses of unverified smart contracts. "In the second case, at least you can limit the level of access to funds. With bots, you are essentially just trusting them with your funds and hoping they won't misappropriate them," the expert cautions.

Yajin Zhou, co-founder of BlockSec, a blockchain security company. Similarly expressed similar concerns about the growing trend of bots on Telegram in a comment to reporters. He also talks about possible risks associated with the transfer of tokens to third-party wallets created by applications.

The high speed and ease of use of bots often comes at the cost of reduced security.

When such services automatically create a wallet for the user. There is a risk associated with permanently storing private keys inside the bot. If there is a data leak or a hack, it can turn into a disaster for bot users. After all, the bot developers themselves, often anonymous, can misappropriate user funds.

When a bot creates a wallet, it essentially creates a cryptographic key pair. The public key represents the address for incoming funds. The private key, gives access to those funds. This is what could potentially be the primary target of attackers. And who can easily withdraw assets from the wallet if it is compromised. On the other hand, if a user loses the private key without a backup, they will lose access to their assets.

Since private keys for wallets are not generated by users themselves. And their security is not always guaranteed, and this opens the door to abuse. He confidently says that in the future, unscrupulous bot developers will steal users' funds.

Our experts note that if we draw parallels with past periods of excitement around memcoins or DeFi-tokens promising quick profits. Most of them turned out to be outright fraudulent projects. And that "countless investors" suffered.

#traiding #BTC