Top Tips for Succeeding in Binance Spot & Futures Trading đ
1. Know the Difference
Spot trading involves direct buying/selling of assets, while futures trading allows speculation with leverage. Use each wisely based on market conditions.
2. Leverage Binance Tools
Utilize Moving Averages, RSI, and Bollinger Bands to find optimal entry/exit points and avoid emotional trades.
3. Manage Risk
Always use stop-loss orders and limit risk to 1-2% per trade. A 1:3 risk-to-reward ratio ensures profits outweigh losses