HOW TO START TRADING?

Hey friends!

Whether you're a seasoned trader or just starting out, let’s go through the basics of getting into trading.

🟠 Decide on your approach: Will you be trading futures or using spot trading? I've explained the difference in a previous post. Personally, I focus on futures and share signals for that.

🟠 Choosing an exchange: Find a reliable exchange that offers futures contracts. I recommend Binance for its robust features, user-friendly interface, and low fees.

🟠 Funding your account: Deposit funds into your Binance account. You can do this using cryptocurrency or a bank card, as Binance supports multiple funding options.

🟠 Learning the tools: Familiarize yourself with Binance’s tools and features. Understand the different types of futures contracts, margin, and liquidity. I’ve shared helpful resources on tools in the channel as well.

🟠 Market analysis: Study the charts and analyze the market trends. Use my signals to help inform your decisions.

🟠 Start trading: Open your first position. Begin with a small amount to get comfortable with the process. I’ll provide a guide on how to trade on Binance soon!

🟠 Monitor and manage risks: Regularly check your positions and adjust them based on market conditions.

Start small and gradually increase your position size as you gain confidence in your skills.

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