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Dinzz7Weerasinghe
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patterns 💲
How can You earn 50$ Daily
Earning $50 daily through trading patterns requires understanding technical analysis, risk management, and consistency. Here’s a basic approach to get started:
1. Learn Common Trading Patterns
Candlestick Patterns: Learn patterns like Doji, Engulfing, and Hammer that indicate potential price reversals.
Chart Patterns: Focus on Head & Shoulders, Double Top/Bottom, and Flags that can signal trend changes or continuations.
Trendlines and Breakouts: Understand how to trade trendlines, support, resistance, and breakout strategies.
2. Use Time-tested Strategies
Trend Following: Follow strong trends using Moving Averages (MA), or indicators like the Relative Strength Index (RSI) to enter trades in the direction of the trend.
Breakout Trading: Identify when a price breaks out of a defined range (e.g., a triangle or a horizontal range). After the breakout, enter the trade with the expectation that the price will continue in the same direction.
Reversal Patterns: Look for patterns like Head & Shoulders or Double Tops/Bottoms, which indicate a potential trend reversal.
3. Set Realistic Goals
Aim for small, consistent gains rather than big wins. Achieving $50 a day requires regular wins and controlling your losses.
4. Risk Management
Position Sizing: Only risk a small percentage (e.g., 1-2%) of your capital on each trade.
Stop-Loss Orders: Use stop-losses to minimize losses on trades that go against you.
Risk-Reward Ratio: Set a risk-reward ratio of at least 1:2, meaning you stand to gain twice as much as you risk on any trade.
5. Focus on Liquid Markets
Trade in highly liquid markets like forex, stocks, or cryptocurrencies. Liquidity ensures you can enter and exit trades quickly without slippage.
6. Paper Trade First
Before risking real money, practice with a demo account to test your pattern recognition and strategies.
7. Stay Disciplined and Track Performance
Keep a trading journal to track your trades, patterns, and results. This will help you refine your approach over time.
Example: Trading a Simple Pattern
Identify the pattern: Spot a bullish flag on a 1-hour chart.
Entry: Enter the trade on the breakout of the flag.
Stop-loss: Place your stop-loss just below the flag’s lower boundary.
Target: Aim for a 1:2 risk-reward by setting a profit target based on the pattern’s height.
It’s crucial to stay patient and not expect immediate or guaranteed returns. Success in trading patterns comes from consistent practice and learning.
1. Learn Common Trading Patterns
Candlestick Patterns: Learn patterns like Doji, Engulfing, and Hammer that indicate potential price reversals.
Chart Patterns: Focus on Head & Shoulders, Double Top/Bottom, and Flags that can signal trend changes or continuations.
Trendlines and Breakouts: Understand how to trade trendlines, support, resistance, and breakout strategies.
2. Use Time-tested Strategies
Trend Following: Follow strong trends using Moving Averages (MA), or indicators like the Relative Strength Index (RSI) to enter trades in the direction of the trend.
Breakout Trading: Identify when a price breaks out of a defined range (e.g., a triangle or a horizontal range). After the breakout, enter the trade with the expectation that the price will continue in the same direction.
Reversal Patterns: Look for patterns like Head & Shoulders or Double Tops/Bottoms, which indicate a potential trend reversal.
3. Set Realistic Goals
Aim for small, consistent gains rather than big wins. Achieving $50 a day requires regular wins and controlling your losses.
4. Risk Management
Position Sizing: Only risk a small percentage (e.g., 1-2%) of your capital on each trade.
Stop-Loss Orders: Use stop-losses to minimize losses on trades that go against you.
Risk-Reward Ratio: Set a risk-reward ratio of at least 1:2, meaning you stand to gain twice as much as you risk on any trade.
5. Focus on Liquid Markets
Trade in highly liquid markets like forex, stocks, or cryptocurrencies. Liquidity ensures you can enter and exit trades quickly without slippage.
6. Paper Trade First
Before risking real money, practice with a demo account to test your pattern recognition and strategies.
7. Stay Disciplined and Track Performance
Keep a trading journal to track your trades, patterns, and results. This will help you refine your approach over time.
Example: Trading a Simple Pattern
Identify the pattern: Spot a bullish flag on a 1-hour chart.
Entry: Enter the trade on the breakout of the flag.
Stop-loss: Place your stop-loss just below the flag’s lower boundary.
Target: Aim for a 1:2 risk-reward by setting a profit target based on the pattern’s height.
It’s crucial to stay patient and not expect immediate or guaranteed returns. Success in trading patterns comes from consistent practice and learning.
❤️❤️
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Binance Academy
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Week 4 Red Packet Quiz from the Binance Academy Product Guides 👇
💬 Which of the following best describes the key features of Binance Megadrop?
A) A platform for margin trading with advanced trading tools.
B) A platform that provides loans and credit lines against cryptocurrency collateral.
C) A decentralised exchange that supports staking and liquidity mining.
D) A token launch platform that integrates Binance Simple Earn and Web3 quests to offer early access to new projects and reward opportunities.
💬 Which of the following best describes the key features of Binance Megadrop?
A) A platform for margin trading with advanced trading tools.
B) A platform that provides loans and credit lines against cryptocurrency collateral.
C) A decentralised exchange that supports staking and liquidity mining.
D) A token launch platform that integrates Binance Simple Earn and Web3 quests to offer early access to new projects and reward opportunities.
🔥
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Binance Announcement
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Binance Convert Adds ORDI
Fellow Binancians,
Binance is excited to announce that ORDI has been added to Binance Convert.
Users can now trade ORDI against BTC, USDT and any other tokens supported by Binance Convert at zero fees.
Check Indicative Prices & Convert to Your Target Asset Now!
How to Get Started:
Visit Binance on the website, click “Trade”, and select “Binance Convert” from the pop-up menu. If you are on mobile, simply open your Binance App, tap “Trade”, and then select “Convert” from the top menu.
Guides:
How to Use Binance ConvertHow to Withdraw from Binance
Notes:
From 2023-11-09, users may purchase ORDI using any of the other payment options supported on Binance Auto-Invest.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-11-07
Binance is excited to announce that ORDI has been added to Binance Convert.
Users can now trade ORDI against BTC, USDT and any other tokens supported by Binance Convert at zero fees.
Check Indicative Prices & Convert to Your Target Asset Now!
How to Get Started:
Visit Binance on the website, click “Trade”, and select “Binance Convert” from the pop-up menu. If you are on mobile, simply open your Binance App, tap “Trade”, and then select “Convert” from the top menu.
Guides:
How to Use Binance ConvertHow to Withdraw from Binance
Notes:
From 2023-11-09, users may purchase ORDI using any of the other payment options supported on Binance Auto-Invest.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-11-07
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Binance Square Official
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#BinanceTreats Trick or Treat! Celebrate Halloween all dressed up without breaking a sweat on Binance Square. Complete all 3 tasks and win an equal share of our 1000 USDT Reward Pool.
How to participate:
Task 1: Use Binance Bixel to create an AI generated image of what you'd be dressed up as for Halloween this year. Share the image as a post on Binance Square #BinanceTreats along with the inspiration behind your idea.
Task 2: Follow 3 creators
Task 3: Like or Comment on 3 #BinanceTreats Posts.
All eligible participants who complete all tasks will be rewarded with an equal share of the 1000 USDT reward pool. Rewards are capped at 10 USDT per participant.
Winners will be notified via a push notification under Creator Center > Square Assistant. The USDT token voucher rewards will be distributed within 15 working days after the activity ends.
Don’t forget to bask in the festivities and change your Binance Square profile picture to your newly generated Bixel image this Halloween!
This campaign may not be available in your region.
Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this campaign, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.
How to participate:
Task 1: Use Binance Bixel to create an AI generated image of what you'd be dressed up as for Halloween this year. Share the image as a post on Binance Square #BinanceTreats along with the inspiration behind your idea.
Task 2: Follow 3 creators
Task 3: Like or Comment on 3 #BinanceTreats Posts.
All eligible participants who complete all tasks will be rewarded with an equal share of the 1000 USDT reward pool. Rewards are capped at 10 USDT per participant.
Winners will be notified via a push notification under Creator Center > Square Assistant. The USDT token voucher rewards will be distributed within 15 working days after the activity ends.
Don’t forget to bask in the festivities and change your Binance Square profile picture to your newly generated Bixel image this Halloween!
This campaign may not be available in your region.
Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this campaign, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.
😍
Quoted content has been removed
Trade 50$ on binance spot
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Binance Announcement
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Trade $50 on Binance Spot to Grab a Share of 5,000 USDT in Token Vouchers! (2023-10-23)
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Spot is launching a promotion for all new users, as well as existing regular and VIP 1-3 users who have not traded on Binance Spot in the past 90 days. A total of 5,000 USDT in token vouchers is available in this promotion.
Register for the Promotion Now!
Promotion Period: 2023-10-23 12:00 (UTC) - 2023-11-06 11:59 (UTC)
The first 1,000 eligible users who confirm their participation and trade at least $50 equivalent on Binance Spot, will qualify to each receive 5 USDT in token vouchers.
Guides & Related Materials:
How to Spot Trade (App/Web)
Terms & Conditions:
Only verified new users, as well as existing regular and VIP 1-3 users who have not traded on Binance Spot in the past 90 days, will be eligible to participate in this promotion. Trading volumes on all USD stablecoin-to-stablecoin pairs and the BTC/FDUSD pair will not count toward the trading volume requirement in this promotion.This promotion is only available to eligible users who are enabled for Binance Spot trading, and may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Spot trading services in each country from which the services are accessed.Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of Binance Spot trading services from time to time in its sole discretion at any time without notification.To qualify for rewards, eligible users need to click on the "Join Now" button at the promotion page and accumulate a total trading volume of at least $50 equivalent on Binance Spot during the Promotion Period.Token voucher rewards will be distributed to eligible users within 14 working days after the end of the Promotion Period. Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub. Token voucher rewards will expire within two weeks after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem a token voucher.Binance reserves the right to disqualify any participants who, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.Binance reserves the right to disqualify trades that are deemed to be prohibited trading activities, including but not limited to, churning, pump-and-dump schemes, ramping, wash trading and other market manipulation aimed at creating a false representation of price and/or quantity, illegal bulk account registrations, self-dealing, etc.Binance reserves the right at any time in its sole and absolute discretion to terminate, and/or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this promotion, and changing the eligibility terms and criteria, the selection and number of winners, and/or the timing of any act to be done, and all participants shall be bound by any such amendments.
Additional promotion terms and conditions can be accessed here.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-10-23
Fellow Binancians,
Binance Spot is launching a promotion for all new users, as well as existing regular and VIP 1-3 users who have not traded on Binance Spot in the past 90 days. A total of 5,000 USDT in token vouchers is available in this promotion.
Register for the Promotion Now!
Promotion Period: 2023-10-23 12:00 (UTC) - 2023-11-06 11:59 (UTC)
The first 1,000 eligible users who confirm their participation and trade at least $50 equivalent on Binance Spot, will qualify to each receive 5 USDT in token vouchers.
Guides & Related Materials:
How to Spot Trade (App/Web)
Terms & Conditions:
Only verified new users, as well as existing regular and VIP 1-3 users who have not traded on Binance Spot in the past 90 days, will be eligible to participate in this promotion. Trading volumes on all USD stablecoin-to-stablecoin pairs and the BTC/FDUSD pair will not count toward the trading volume requirement in this promotion.This promotion is only available to eligible users who are enabled for Binance Spot trading, and may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Spot trading services in each country from which the services are accessed.Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of Binance Spot trading services from time to time in its sole discretion at any time without notification.To qualify for rewards, eligible users need to click on the "Join Now" button at the promotion page and accumulate a total trading volume of at least $50 equivalent on Binance Spot during the Promotion Period.Token voucher rewards will be distributed to eligible users within 14 working days after the end of the Promotion Period. Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub. Token voucher rewards will expire within two weeks after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem a token voucher.Binance reserves the right to disqualify any participants who, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.Binance reserves the right to disqualify trades that are deemed to be prohibited trading activities, including but not limited to, churning, pump-and-dump schemes, ramping, wash trading and other market manipulation aimed at creating a false representation of price and/or quantity, illegal bulk account registrations, self-dealing, etc.Binance reserves the right at any time in its sole and absolute discretion to terminate, and/or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this promotion, and changing the eligibility terms and criteria, the selection and number of winners, and/or the timing of any act to be done, and all participants shall be bound by any such amendments.
Additional promotion terms and conditions can be accessed here.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-10-23