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My Journey into Forex Trading: A Newbie's Guide to Self-Learning#MyFirstSquarePost Hello, Binance Square! Embarking on a new adventure is always exciting, and my journey into Forex trading has been no exception. I’ve decided to teach myself the ropes of Forex trading using Binance, one of the leading cryptocurrency and trading platforms. Here’s how I’m navigating this complex yet rewarding world. Step 1: Understanding the Basics The first step in my journey was to grasp the fundamentals of Forex trading. I started by researching the basics: What is Forex Trading? Forex, or foreign exchange, is the process of trading currencies. The goal is to profit from the changes in currency values.Key Terms: Understanding terms like "pips," "lots," "leverage," and "margin" was crucial.Major Currency Pairs: Familiarizing myself with the most traded currency pairs, such as EUR/USD, USD/JPY, and GBP/USD, helped me get a sense of the market. Step 2: Utilizing Free Resources To build a solid foundation, I turned to a variety of free resources: Online Courses: Platforms like Coursera and Udemy offer beginner courses that cover the basics of Forex trading.YouTube Tutorials: Channels dedicated to Forex trading provide visual and practical explanations.Blogs and Articles: Websites like BabyPips offer comprehensive guides and articles that break down complex concepts. Step 3: Practicing with Demo Accounts Before risking real money, I opened a demo account on a trading platform. This allowed me to practice trading in a risk-free environment. With virtual funds, I could: Experiment with Strategies: Try out different trading strategies without the fear of losing money. Understand the Platform: Get comfortable with the trading platform’s features and tools. Step 4: Joining Online Communities Being part of a community can provide support and valuable insights. I joined forums and social media groups where traders share their experiences and tips. Engaging with other beginners and experienced traders helped me learn from their successes and mistakes. Step 5: Tracking My Progress Keeping a trading journal has been essential in tracking my progress. I record every trade, noting down the strategy used, the outcome, and what I learned from it. This helps me identify patterns and improve my trading skills over time. Step 6: Staying Updated The Forex market is influenced by global events and economic news. I make it a habit to stay updated with the latest news by following financial news websites and subscribing to economic calendars. This helps me understand market movements and make informed trading decisions. Step 7: Managing Risks One of the most important lessons I’ve learned is the importance of risk management. Setting stop-loss orders and never risking more than a small percentage of my trading account on a single trade are some of the practices I’ve adopted to protect my capital. Conclusion Teaching myself Forex trading has been a challenging but rewarding journey. By taking it one step at a time and utilizing the wealth of free resources available, I’ve been able to build a solid foundation in Forex trading. As I continue to learn and grow, I’m excited about the opportunities that lie ahead and look forward to sharing my experiences with other aspiring traders. $$ETH #$BTC #forextrader #newbieTrader

My Journey into Forex Trading: A Newbie's Guide to Self-Learning

#MyFirstSquarePost Hello, Binance Square!

Embarking on a new adventure is always exciting, and my journey into Forex trading has been no exception. I’ve decided to teach myself the ropes of Forex trading using Binance, one of the leading cryptocurrency and trading platforms. Here’s how I’m navigating this complex yet rewarding world.

Step 1: Understanding the Basics
The first step in my journey was to grasp the fundamentals of Forex trading. I started by researching the basics:
What is Forex Trading? Forex, or foreign exchange, is the process of trading currencies. The goal is to profit from the changes in currency values.Key Terms: Understanding terms like "pips," "lots," "leverage," and "margin" was crucial.Major Currency Pairs: Familiarizing myself with the most traded currency pairs, such as EUR/USD, USD/JPY, and GBP/USD, helped me get a sense of the market.
Step 2: Utilizing Free Resources
To build a solid foundation, I turned to a variety of free resources:
Online Courses: Platforms like Coursera and Udemy offer beginner courses that cover the basics of Forex trading.YouTube Tutorials: Channels dedicated to Forex trading provide visual and practical explanations.Blogs and Articles: Websites like BabyPips offer comprehensive guides and articles that break down complex concepts.
Step 3: Practicing with Demo Accounts
Before risking real money, I opened a demo account on a trading platform. This allowed me to practice trading in a risk-free environment. With virtual funds, I could:
Experiment with Strategies: Try out different trading strategies without the fear of losing money. Understand the Platform: Get comfortable with the trading platform’s features and tools.
Step 4: Joining Online Communities
Being part of a community can provide support and valuable insights. I joined forums and social media groups where traders share their experiences and tips. Engaging with other beginners and experienced traders helped me learn from their successes and mistakes.
Step 5: Tracking My Progress
Keeping a trading journal has been essential in tracking my progress. I record every trade, noting down the strategy used, the outcome, and what I learned from it. This helps me identify patterns and improve my trading skills over time.
Step 6: Staying Updated
The Forex market is influenced by global events and economic news. I make it a habit to stay updated with the latest news by following financial news websites and subscribing to economic calendars. This helps me understand market movements and make informed trading decisions.
Step 7: Managing Risks
One of the most important lessons I’ve learned is the importance of risk management. Setting stop-loss orders and never risking more than a small percentage of my trading account on a single trade are some of the practices I’ve adopted to protect my capital.
Conclusion
Teaching myself Forex trading has been a challenging but rewarding journey. By taking it one step at a time and utilizing the wealth of free resources available, I’ve been able to build a solid foundation in Forex trading. As I continue to learn and grow, I’m excited about the opportunities that lie ahead and look forward to sharing my experiences with other aspiring traders.
$$ETH #$BTC #forextrader #newbieTrader
#newbieTrader #newbinanceusers FEAR OF MISSING OUT!✂️ This feeling has burned a lot of people's portfolios more than 100× in future trading. As a newbie, It takes a lot of discipline to control it. I suggest, each time you start to feel this way, always go back to your watch list and look for a market that's still down and invest in it; at least you must have 5 to 10 coins you are monitoring or studying. And if you aren't convinced about buying any market, keep your money! To be on a safer side. There's always another chance💯 📢No matter how much you want to be a part of a particular coin journey, never jump into it out of FOMO! (Fear Of Missing Out). Believe me, that coin could come down, sometimes even beyond your imagination. #Learnfrommymistakes #Learningthehardway #ordi #SSV/USDT
#newbieTrader #newbinanceusers

FEAR OF MISSING OUT!✂️

This feeling has burned a lot of people's portfolios more than 100× in future trading. As a newbie,
It takes a lot of discipline to control it.

I suggest, each time you start to feel this way, always go back to your watch list and look for a market that's still down and invest in it; at least you must have 5 to 10 coins you are monitoring or studying.

And if you aren't convinced about buying any market, keep your money! To be on a safer side. There's always another chance💯

📢No matter how much you want to be a part of a particular coin journey, never jump into it out of FOMO! (Fear Of Missing Out). Believe me, that coin could come down, sometimes even beyond your imagination.

#Learnfrommymistakes

#Learningthehardway

#ordi #SSV/USDT
#newbinanceusers #newbieTrader LEARN FROM MY MISTAKES!!! As a newbie, this was the mentality I had when I started my second phase of trading, that's after burning my account in my first phase; I started hoarding coins, and then this decline came🥺 Being my first experience I was tempted to sell and rebuy, jumping from one coin to another🤦🏿. At the end of the day, my portfolio was now crying for mercy😫🤣 So I decided to leave it in God's hand.🥺🤣 Now I wish I had left everything just the way they were 😤 Read and learn👇🏽
#newbinanceusers #newbieTrader
LEARN FROM MY MISTAKES!!!

As a newbie, this was the mentality I had when I started my second phase of trading, that's after burning my account in my first phase; I started hoarding coins, and then this decline came🥺
Being my first experience I was tempted to sell and rebuy, jumping from one coin to another🤦🏿. At the end of the day, my portfolio was now crying for mercy😫🤣 So I decided to leave it in God's hand.🥺🤣

Now I wish I had left everything just the way they were 😤

Read and learn👇🏽
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ZeusInCrypto
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BullRun and your move to First $Million
When is BullRun ?
What to buy ?
How can i make good fortune in Crypto Industry
How long should i hold?
Well these are some common questions i receive daily through interactions and comment section.

We are already in probably initial phase of Bull Market, Which starts with the arrival of #BTC halving and last for least 8-15 months After halving.
Trust me you can lose on winning coins if you are not well aware of how it works,
You hear from someone and you buy something with expectations of becoming a millionaire next morning or next month, it’s doesn’t work like that,
If your patience level is 6months, this means actually your patience will start after those 6 months, you have to hold right coin until it turn outs in your favor,
You hold bitcoin for 6months and sell it right before pump, you lose financially, emotionally and physically too,
Coming to the practical points now,
You need to least hold something for mid 2025 to get some real benefits, if you can’t then don’t jump,
For example #ICP or RNDR at current market, you will see dumping it hard and pumping it hard before it goes real crazy, you will not sell it until it gives you real value gains, buying at $10 and selling at $20 is not real gain, remember that,
You need to give time to every move you take,
You need to understand that buying SHIB and expecting it to hit $1 or something close to it is a day dreaming not mathematical or financially practical, because of available supply,
You need to understand the use of coin you are buying,
You need to build your mindset and practical goals to achieve step by step,
If you are doing something which doesn’t make sense means you are gonna waste your time and energy and then will leave crypto space blaming it to be a Ponzi scheme,
‼️Doesn’t matter where you bought a practical coin with utility and background, you need to hold it until it give you least 700% from its current value, ‼️ DYOR this space is full of diamond worth coins,
#BullorBear #BitcoinTo80000 #ZeusInCrypto
What is Bollinger Bands? Bollinger Bands, a popular tool among investors and traders, helps gauge the volatility of stocks and other securities to determine if they are over- or undervalued. Developed in the 1980s by financial analyst John Bollinger, the bands appear on stock charts as three lines that move with the price. The center line is the stock price's 20-day simple moving average (SMA). The upper and lower bands are set at a certain number of standard deviations, usually two, above and below the middle line. #zero2master #newbieTrader #TradeTips
What is Bollinger Bands?

Bollinger Bands, a popular tool among investors and traders, helps gauge the volatility of stocks and other securities to determine if they are over- or undervalued. Developed in the 1980s by financial analyst John Bollinger, the bands appear on stock charts as three lines that move with the price. The center line is the stock price's 20-day simple moving average (SMA). The upper and lower bands are set at a certain number of standard deviations, usually two, above and below the middle line.

#zero2master
#newbieTrader
#TradeTips
What makes this year's bull run different is the launch of a spot Bitcoin ETF on US stock exchanges marks a significant milestone for the cryptocurrency sector. Unlike futures-based Bitcoin ETFs, which have been available in some jurisdictions, a spot Bitcoin ETF allows investors to gain exposure to actual Bitcoin without directly owning or storing the cryptocurrency themselves. The introduction of a spot Bitcoin ETF on US stock exchanges opens up the cryptocurrency market to a broader range of investors, including institutional and retail investors who may prefer to invest through traditional brokerage accounts. This development can potentially lead to increased liquidity, price discovery, and overall market maturity for Bitcoin and the broader cryptocurrency market. Additionally, the approval and launch of a spot Bitcoin ETF in the US signal a growing acceptance and recognition of Bitcoin as a legitimate asset class by regulatory authorities and traditional financial institutions. This could pave the way for further mainstream adoption and investment in cryptocurrencies in the future. $BTC #news2024 #newsdaily #NewsUpdated #NewsofCrypto #newbieTrader
What makes this year's bull run different is the launch of a spot Bitcoin ETF on US stock exchanges marks a significant milestone for the cryptocurrency sector. Unlike futures-based Bitcoin ETFs, which have been available in some jurisdictions, a spot Bitcoin ETF allows investors to gain exposure to actual Bitcoin without directly owning or storing the cryptocurrency themselves.

The introduction of a spot Bitcoin ETF on US stock exchanges opens up the cryptocurrency market to a broader range of investors, including institutional and retail investors who may prefer to invest through traditional brokerage accounts. This development can potentially lead to increased liquidity, price discovery, and overall market maturity for Bitcoin and the broader cryptocurrency market.

Additionally, the approval and launch of a spot Bitcoin ETF in the US signal a growing acceptance and recognition of Bitcoin as a legitimate asset class by regulatory authorities and traditional financial institutions. This could pave the way for further mainstream adoption and investment in cryptocurrencies in the future.

$BTC #news2024 #newsdaily #NewsUpdated #NewsofCrypto #newbieTrader
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Reaping Riches Grim Crypto Chronicles
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ABOUT BITCOIN ‼️
It's fascinating to see how Bitcoin's price behavior has unfolded, particularly around its halving events. Historically, Bitcoin has indeed experienced significant price increases following each halving event due to the reduction in the rate of new supply entering the market.
The fact that Bitcoin surpassed its previous peak in 2021 before the halving in 2020 and continued to set new highs, reaching above $73,777 in 2024, demonstrates the growing adoption and interest in Bitcoin as a store of value and investment asset. This trend showcases the resilience and potential of Bitcoin to continue appreciating in value over time, despite market fluctuations and economic uncertainties.
$BTC
Thread...
If You are new In Crypto and did not LOSS in Spot i don't think you Learn anything From Market I believe every new person in this market has to face loss for some time to understand the market fundamentals. its totally depends on your Emotions that how will you Recover it. some people Sold it in loss because of their lack Knowledge and patience and some people made Profit Because they know that Patience IS KEY OF SUCCESS. If you are in loss don't worry just HOLD Remember there is no perfect Entry in this market. DON'T DO FUTURE TRADE STAY IN SPOT. #crypro #newbieTrader #Spot_Trading
If You are new In Crypto and did not LOSS in Spot i don't think you Learn anything From Market
I believe every new person in this market has to face loss for some time to understand the market fundamentals.
its totally depends on your Emotions that how will you Recover it.
some people Sold it in loss because of their lack Knowledge and patience and some people made Profit Because they know that Patience IS KEY OF SUCCESS. If you are in loss don't worry just HOLD Remember there is no perfect Entry in this market.
DON'T DO FUTURE TRADE STAY IN SPOT.

#crypro #newbieTrader #Spot_Trading
LIVE
--
Bearish
hello guys, i trade on spot and bought $SOL when it was 193 should i still hold or sell it? 💔 its still keep on falling 💔💔 #BullorBear #newbieTrader
hello guys, i trade on spot and bought $SOL when it was 193 should i still hold or sell it? 💔
its still keep on falling 💔💔
#BullorBear
#newbieTrader
Read it if you are newish and trading with futures! it might save your capital! Trading Futures Safely on Binance Understanding Leverage: Leverage multiplies potential profits and losses. As a beginner, limit yourself to 5x leverage maximum. Always set stop-loss orders to manage risk. Only risk what you can afford to lose. Additional Tips: You can always DCA in margin mode, to make your entry lower. Dont listen to those signal I know the market gurus here. They dont know shit. Do thorough market research. Have a clear trading plan. Maintain discipline. Practice with a demo account first. Important Leverage Notes: 20x leverage is highly risky for most traders. 5x offers a reasonable risk-reward balance for beginners. Using stop-losses is non-negotiable. Never trade with more than you're willing to lose. Helpful Resources: Binance Futures: https://www.binance.com/en/futures Understanding Leverage in Futures: https://www.investopedia.com/terms/l/leverage.asp Margin Trading Explained: https://www.investopedia.com/terms/m/margin.asp #binance #HotTrends #futures #trading #newbieTrader
Read it if you are newish and trading with futures! it might save your capital!

Trading Futures Safely on Binance

Understanding Leverage:

Leverage multiplies potential profits and losses.
As a beginner, limit yourself to 5x leverage maximum.
Always set stop-loss orders to manage risk.
Only risk what you can afford to lose.

Additional Tips:
You can always DCA in margin mode, to make your entry lower.
Dont listen to those signal I know the market gurus here. They dont know shit.
Do thorough market research.
Have a clear trading plan.
Maintain discipline.
Practice with a demo account first.
Important Leverage Notes:

20x leverage is highly risky for most traders.
5x offers a reasonable risk-reward balance for beginners.
Using stop-losses is non-negotiable.
Never trade with more than you're willing to lose.

Helpful Resources:

Binance Futures: https://www.binance.com/en/futures
Understanding Leverage in Futures: https://www.investopedia.com/terms/l/leverage.asp
Margin Trading Explained: https://www.investopedia.com/terms/m/margin.asp

#binance #HotTrends #futures #trading #newbieTrader
💰💰Bitcoin Analysts Share Insights on Market Movements💰💰✅Bitcoin price is lingering around $65,600 with about an hour left to the daily close, and the last two-week candle is red. We know that cryptocurrencies do not always rise and will not. Even on the toughest days of bull and bear markets, there are interim corrections. So what are the current Bitcoinpredictions of cryptocurrency commentators? Cryptocurrency Commentators The US stock markets did not open as positively as expected. Spot Bitcoin ETFs did not see the anticipated excitement. In other words, we did not experience the events that would trigger the expected general market rally after the Fed meeting on the fourth day of the week. Powell’s statements were still positive, and following the upcoming inflation data, it is possible for the markets to become even more isolated from macro pressures. Popular cryptocurrency commentator Aksel Kibar had this to say about the current situation; “The ideal condition might be happening for me. I like this. Parabolic movements are not healthy for the long-term trend. Pauses allow for greater participation.”This analyst thought that the price needed to trade sideways for a while before breaking through $69,000. This process may have started, albeit delayed.Bob Loukas’s Bitcoin CommentaryAnother popular cryptocurrency commentator, Bob Loukas, also targets deeper bottoms for new highs. Bob believes that price corrections are necessary for the rise to continue strongly.“There is a quite clear path for Bitcoin. The strengthening of the FOMC could mean lower levels in a 60-day timeframe. If there is still a lower move to come, the 10dma is where this move will revert to lower levels. Structurally better for the sustainability of the bull market. Otherwise, a close > $70,000 is likely rally time.”DecentraderAs reported by Decentrader, on March 20th, Bitcoin’s Spent Output Profit Ratio (SOPR) turned negative for the fifth time this year. This metric tracks the extent to which assets moved on the network are carried at a loss. It is measured according to whether the buying price is below or above the current price when the BTC is moved. Follow | Like ❤️ | Quote 🔄 | CommentFOLOW ME FOR MORE TIPS 👇👇👇👇👇👇👇👇👇👇@Proactiveirontee #HotTrends #crypro #newbieTrader #BTC🔥🔥🔥🔥 #crypro #BOME

💰💰Bitcoin Analysts Share Insights on Market Movements💰💰✅

Bitcoin price is lingering around $65,600 with about an hour left to the daily close, and the last two-week candle is red. We know that cryptocurrencies do not always rise and will not. Even on the toughest days of bull and bear markets, there are interim corrections. So what are the current Bitcoinpredictions of cryptocurrency commentators?
Cryptocurrency Commentators
The US stock markets did not open as positively as expected. Spot Bitcoin ETFs did not see the anticipated excitement. In other words, we did not experience the events that would trigger the expected general market rally after the Fed meeting on the fourth day of the week. Powell’s statements were still positive, and following the upcoming inflation data, it is possible for the markets to become even more isolated from macro pressures.
Popular cryptocurrency commentator Aksel Kibar had this to say about the current situation;
“The ideal condition might be happening for me. I like this. Parabolic movements are not healthy for the long-term trend. Pauses allow for greater participation.”This analyst thought that the price needed to trade sideways for a while before breaking through $69,000. This process may have started, albeit delayed.Bob Loukas’s Bitcoin CommentaryAnother popular cryptocurrency commentator, Bob Loukas, also targets deeper bottoms for new highs. Bob believes that price corrections are necessary for the rise to continue strongly.“There is a quite clear path for Bitcoin. The strengthening of the FOMC could mean lower levels in a 60-day timeframe. If there is still a lower move to come, the 10dma is where this move will revert to lower levels. Structurally better for the sustainability of the bull market. Otherwise, a close > $70,000 is likely rally time.”DecentraderAs reported by Decentrader, on March 20th, Bitcoin’s Spent Output Profit Ratio (SOPR) turned negative for the fifth time this year. This metric tracks the extent to which assets moved on the network are carried at a loss. It is measured according to whether the buying price is below or above the current price when the BTC is moved.
Follow | Like ❤️ | Quote 🔄 | CommentFOLOW ME FOR MORE TIPS 👇👇👇👇👇👇👇👇👇👇@pro_digitalss #HotTrends #crypro #newbieTrader #BTC🔥🔥🔥🔥 #crypro #BOME
👌👌👌👌👌👌👌 PARABOLIC SAR What Is the Parabolic SAR Indicator? The parabolic SAR indicator, developed by J. Wells Wilder, is used by traders to determine trend direction and potential reversals in price. The indicator uses a trailing stop and reverse method called "SAR," or stop and reverse, to identify suitable exit and entry points. Traders also refer to the indicator as to the parabolic stop and reverse, parabolic SAR, or PSAR. The parabolic SAR indicator appears on a chart as a series of dots, either above or below an asset's price, depending on the direction the price is moving. A dot is placed below the price when it is trending upward, and above the price when it is trending downward What Does the Parabolic SAR Indicator Tell You? The parabolic indicator generates buy or sell signals when the position of the dots moves from one side of the asset's price to the other. For example, a buy signal occurs when the dots move from above the price to below the price, while a sell signal occurs when the dots move from below the price to above the price. Traders also use the PSAR dots to set trailing stop loss orders. For example, if the price is rising, and the PSAR is also rising, the PSAR can be used as a possible exit if long. If the price drops below the PSAR, exit the long trade. #TRADERTIPS #zero2master #Indicator #newbieTrader
👌👌👌👌👌👌👌
PARABOLIC SAR

What Is the Parabolic SAR Indicator?
The parabolic SAR indicator, developed by J. Wells Wilder, is used by traders to determine trend direction and potential reversals in price. The indicator uses a trailing stop and reverse method called "SAR," or stop and reverse, to identify suitable exit and entry points. Traders also refer to the indicator as to the parabolic stop and reverse, parabolic SAR, or PSAR.
The parabolic SAR indicator appears on a chart as a series of dots, either above or below an asset's price, depending on the direction the price is moving. A dot is placed below the price when it is trending upward, and above the price when it is trending downward

What Does the Parabolic SAR Indicator Tell You?
The parabolic indicator generates buy or sell signals when the position of the dots moves from one side of the asset's price to the other. For example, a buy signal occurs when the dots move from above the price to below the price, while a sell signal occurs when the dots move from below the price to above the price.
Traders also use the PSAR dots to set trailing stop loss orders. For example, if the price is rising, and the PSAR is also rising, the PSAR can be used as a possible exit if long. If the price drops below the PSAR, exit the long trade.

#TRADERTIPS
#zero2master
#Indicator
#newbieTrader
#newbieTrader , don't be afraid to start your trading journey just because you are a newbie ,check out your trading view app and do your chat analysis using range of helpful analysis tools provided,by doing so you will have confidence to enter the market rightly.knowledge kills fear in the world of forex.
#newbieTrader , don't be afraid to start your trading journey just because you are a newbie ,check out your trading view app and do your chat analysis using range of helpful analysis tools provided,by doing so you will have confidence to enter the market rightly.knowledge kills fear in the world of forex.
#newbieTrader Hello Guys,I am pretty new to binance i don’t know pretty important things i know that so please give me tips in the comments i have bought pepe at a low price then sold it at 0.00000840 What should i do next Also i though pepe was gonna go down thats why i sold at 840 and its current price is almost at 800 or less and i already posted about it you can check it out Don’t forget to comment down the spicy tips🔥🔥
#newbieTrader Hello Guys,I am pretty new to binance i don’t know pretty important things i know that so please give me tips in the comments i have bought pepe at a low price then sold it at 0.00000840 What should i do next Also i though pepe was gonna go down thats why i sold at 840 and its current price is almost at 800 or less and i already posted about it you can check it out Don’t forget to comment down the spicy tips🔥🔥
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