Advice for beginners If you are a beginner on the Binance platform and have a capital of $ 100, you can follow the following steps
Advice for beginners#MarketDownturn #BTC☀️ ##ETF_ETH
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 directly. Understand basic concepts such as:
What are cryptocurrencies.
How to read the market (Market Analysis).
The difference between trading (Trading) and investing (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 such as Bitcoin (BTC) or Ethereum (ETH). These currencies are less volatile than small currencies.
Invest a small portion (say $50-80) without much risk.
20% for short-term trading (Trading):
Use the remaining amount ($20) to learn trading. Start with currency pairs like BTC/USDT or ETH/USDT because they are the most liquid.
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3. Choose a clear strategy
Choose one of these strategies:
HODL (hold): Buy currencies and hold them for a long time.
Day Trading: Buy and sell currencies on the same day.
Swing Trading: Target profit within days or weeks based on technical analysis.
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. Cryptocurrencies are high-risk, so invest wisely