If you are a beginner on the Binance platform and have a capital of $100, you can follow the following steps to get a good and safe start:
1. Learn the basics first.
Don't rush into trading right away. Understand basic concepts like:
What are Cryptocurrencies?
How to read the market (Market Analysis).
The difference between trading and investing.
Order types (Limit, Market, Stop-Loss).
Binance offers a free educational academy that you can start with (Binance Academy).
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2. Capital division ($100)
Allocate 80% for long-term investment:
Choose major and reliable cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH). These currencies are less volatile than smaller ones.
Invest a small amount (e.g. $50-80) without taking on too much risk.
20% for short-term trading:
Use the remaining $20 to learn trading. Start with currency pairs like BTC/USDT or ETH/USDT as they are the most liquid.
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3. Choose a clear strategy
Choose one of these strategies:
HODL (Hold): Buy coins and hold them for a long time.
Day Trading: Buying and selling currencies on the same day.
Swing Trading: Targeting profit over days or weeks based on technical analysis.
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4. Use the demo trading feature
Binance offers a demo account (Testnet) to trade currencies without real risk. Use this account to gain experience.
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5. Risk Management
Do not risk more than 5-10% of your capital on a single trade.
Always use Stop-Loss orders to reduce risk.
Do not invest more than you can afford to lose.
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6. Take advantage of other features on Binance
Staking: Stake your coins to earn steady profits.
Savings: Put coins into a savings account to earn interest.
Launchpad: Invest in new projects (if you're willing to take the risk).
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7. Avoid common mistakes
Don't chase quick profits.
Avoid buying based on rumors.
Don't put all your money in one currency.
Start small and focus on learning before looking for big profits. Cryptocurrencies are high risk, so invest wisely.
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