How to spot and avoid scams in spot and P2P trading

Basic conclusions

Because user protection is a top priority for Binance, we have implemented complex and robust security measures across our ecosystem. But the first line of defense against fraud is still the user himself. When trading person to person, it is important to be aware of common scams so you can spot them.

Do not mark the transaction as complete until you have verified your account or cryptocurrency wallet and made sure you have received the funds you were supposed to from P2P trading.

Always record screenshots of all your transactions as proof of their completion. Feel free to report any suspicious behavior.
You can read this through Binance instructions 💌

On the occasion of the amount of beautiful interaction, wait for a beautiful prize 🫡🖤

#BinanceMenaSquare 🌷

How do we make profits from trading and make it a stable source of income?
What are the important steps to start in the field of #digital_currencies?
Today I made for you#Threedthe most important things you need to know before you start in the field of trading.
1- Before you start trading, you must measure the risk level of the market you are entering.
Is the market beneficial for you or not?

- Estimate the profit and loss ratio.
- The rate of fluctuation of the stock or currency.
- Check the results of traders before you.
-And what is the guaranteed way to win in this?
market.

Accordingly, you determine the appropriate capital for you.
2- Determine your source of income in this field.

- Speculation!
- Subscription!
- Investment!
- Sticking!
- Sell NFT!
3- If you determine your source of income in the market as speculation or investment, and before you put the halala in your portfolio

You must learn how to manage your capital because it will be your first and last weapon.

This will reduce your loss in the market

4- Learn the basics of trading and buy and sell orders

How to set a stop loss.
How to make profits.
5- Learn the entry and exit areas. This step is very important:

Buy at major supports.
Sell ​​at strong resistances.

6- Learning technical analysis will be your second weapon in this field
7- Your first and last loyalty is to your wallet
Not for a currency, not for a stock, not for an analyst, or for anything else.

#BinanceMenaSquare

After I lost hope in trading in 2019, I became addicted to social media platforms, and every time I was childish or bored, I would go to Facebook, YouTube, Snap or Tiktok involuntarily, and you would find me flipping through videos without any benefit and a waste of time...etc.
But after discovering #binance- and the features that tell you, “Earn, Earn, Earn,” the addiction changed, and I involuntarily threw myself on the platform and watched the most beautiful news and details, watched the chart, invested, and scrutinized everything ❤️ 😂

#BinanceMenaSquare

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