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Binance and US authorities agree not to freeze client assets
The SEC accuses the exchange of violating US securities regulations. According to the agreement, the exchange can spend corporate funds only to cover business expenses
Crypto exchange Binance.US and the US Securities and Exchange Commission (SEC) have reached an agreement that will allow the platform to avoid a complete freeze of client assets while a lawsuit against it is being considered. Bloomberg reports this with reference to the court decision.
The SEC filed a lawsuit against Binance in early June. Authorities accuse the exchange and its founder Changpeng Zhao of violating US securities regulations on 13 counts. According to the department, Binance secretly allowed large US clients to trade on the platform, although it publicly announced a ban on operations for American users.#binance

Binance and US authorities agree not to freeze client assets
The SEC accuses the exchange of violating US securities regulations. According to the agreement, the exchange can spend corporate funds only to cover business expenses
Crypto exchange Binance.US and the US Securities and Exchange Commission (SEC) have reached an agreement that will allow the platform to avoid a complete freeze of client assets while a lawsuit against it is being considered. Bloomberg reports this with reference to the court decision.
The SEC filed a lawsuit against Binance in early June. Authorities accuse the exchange and its founder Changpeng Zhao of violating US securities regulations on 13 counts. According to the department, Binance secretly allowed large US clients to trade on the platform, although it publicly announced a ban on transactions for American users.

Conclusion on Trading Psychology
Psychology is a huge part of stock trading. The better you understand your mental and emotional patterns, the better you will do.

Set your rules before the transaction. Plan your entry and exit. Keep to the plan.

And don't forget to practice. A demo account can give you a risk-free idea of ​​how you would react to a real trade.

See what other successful traders are doing. Learn how to read news catalysts. And (always!) use stop losses wisely to protect your profits.
#psychology#trading#investments#emotions #earnings

Previous 8 Letter Binance Crypto WOTD Word List:

Priority
Contract
PREMIERE
FESTIVAL
EVALUATE
RELIABLE
PROPOSAL
SOLUTION
VALIDATE
CONTRACT
POSITIVE
RECHARGE
DESTRESS
WELLNESS
SHARDING
CONTRACT
EMISSION
SECURITY
IDENTITY
HARDWORK
CONTRACT
FUNGIBLE
POSITION
TRANSFER
PROTOCOL
CONTRACT
CONTRACT
EXCHANGE
HOLDINGS
MEMECOIN
PROTOCOL

Self-confidence
We tend to respect people who appear confident and in control of their lives. But in trading, too much confidence can harm your account.

Let's say you place a trade. For some reason, she starts going against you. Surely the market is just confused and everything will go as you expected, right?

If you're the type of person who can't handle the possibility of a small loss, it could cost you a lot of time. If you are in this camp, be sure to place stops immediately after entering the trade. Don't leave cutting losses to willpower.

blur/usdt

Anger, like pride, can convince us that we know better than the market. If we can't accept what the market is doing and get angry at it for not agreeing with our all-powerful knowledge, we risk making a bad trade worse.

Emotions influencing trading psychology
Greed and fear are the two most common emotions that influence trading psychology. This is true both at the individual level and for the group as a whole.

When a group of traders gets greedy, a buying frenzy can begin. The market remains optimistic. When fear arises, the trend can quickly turn bearish as panic selling begins. #BinanceSquareTalks #BinanceSquareInsight #BinanceCommunity

One of Binance's services is Binance Square (formerly Binance Feed), where you can see news and updates related to finance and cryptocurrency from the creators of Binance. CZ also has an account there and of course all official Binance announcements are posted there.

Better understanding of trading psychology
Mastering the psychology of trading is an art. Your emotions, fears, hopes and dreams will change over time. You must be able to adapt.

Stocks need time to consolidate after a big run, and so do people. We need time to integrate the mental and emotional skills behind our big wins.

If you succumb to careless trading, there is often a thought or emotion behind the decision. Find out what happened and try to fix it.

Many people recommend getting rid of emotions in trading... but this is 100% impossible. Instead, define your goals and remind yourself how trading can help you achieve them

Fear is the opposite. This is the reason why people sell early to cut losses and avoid additional risks. Fear is common in bear markets. This may cause some traders to exit the market irrationally.

Never underestimate the power of stock market psychology. Fear can turn into panic.

Emotions play a big role in your overall trading strategy. If you want to succeed, you need to master them.

Greed is a strong motivator. Without greed, you wouldn't have the courage to buy stocks. Especially penny stocks, right?

Greed wakes you up in the morning and forces you not to give up. But sometimes that's why you take on too much risk.

The market will not bend to your will.

Sometimes it subsides immediately after a big win. You become bored and start to worry. Your greedy side has no outlet. So you take a deal you're not familiar with, hoping it will pay off.

Maybe you'll get lucky and your trade will go in the right direction. You zoom in and start to question the cost of exit. Why stop there? You want as much as you can get in the market.

But then the trend changes. Your emotions are not ready to accept the lost money. You didn't sell to the maximum and now you can't decide on an acceptable profit target. Your income is falling.

If you want to avoid psychological trading mistakes, you must be crystal clear about your intentions in the trade. Before you dive into the market, take a moment to reflect on your day today. Your score will thank you for it.