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Please note that trading involves risks, and it is essential to exercise caution and start with a risk amount that you can afford to lose.

Step 1: Setting Up the Binance Futures Account on Your Smartphone

Download and install the Binance Futures mobile app from the official app store on your smartphone.

If you already have a Binance account, log in with your credentials. If not, create a new account and complete the verification process as required.

Step 2: Depositing Funds

Deposit $100 into your Binance account using the "Deposit" option and select USDT as the deposit currency.

Step 3: Understanding the 50 Moving Average Strategy

The 50 Moving Average (MA) is a commonly used technical indicator that helps traders identify trends and potential entry/exit points.

When the price of an asset (in this case, BTC/USDT) crosses above the 50 MA, it is considered a bullish signal, indicating a potential uptrend. Conversely, when the price crosses below the 50 MA, it is seen as a bearish signal, indicating a potential downtrend.

Step 4: Entering a Long (Buy) Trade

Open the Binance Futures app and select the BTC/USDT trading pair.

Choose the 1-hour time frame to analyze the price movements effectively.

Look for the BTC/USDT price to cross above the 50 MA on the 1-hour chart, confirming a bullish trend.

Once the bullish crossover occurs, enter the trade by selecting "Long" (Buy).

Specify the trade size (e.g., 10% of your account balance, i.e., $10).

Set a stop-loss level to limit potential losses if the trade goes against you. A conservative approach is placing the stop-loss just below the 50 MA or a recent support level.

Decide on a take-profit level, aiming for a profit of $10 per trade. You may want to place the take-profit level at a reasonable distance from your entry point to avoid getting stopped out too soon.

Step 5: Exiting the Long (Buy) Trade

Keep a close eye on the BTC/USDT price movement and monitor your trade's progress.

If the price reaches your predetermined take-profit level, the trade will automatically close, and you'll earn your target profit of $10.

If the price falls and hits your stop-loss level, the trade will close automatically, limiting your loss to the specified amount.

Step 6: Entering a Short (Sell) Trade

After completing a long trade, reset the analysis and look for the BTC/USDT price to cross below the 50 MA on the 1-hour chart, indicating a potential bearish trend.

Once the bearish crossover occurs, enter a short trade by selecting "Short" (Sell).

Specify the trade size (e.g., 10% of your account balance, i.e., $10).

Set a stop-loss level and take-profit level as per your risk management strategy, similar to the long trade.

Step 7: Exiting the Short (Sell) Trade

Monitor the price movement, and if it reaches your predetermined take-profit level, the trade will automatically close, securing your target profit of $10.

If the price rises and hits your stop-loss level, the trade will close automatically, limiting your loss to the specified amount.

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It's true that learning to trade is an ongoing process, and effective money management is crucial. Professional traders rely on a combination of a solid system and disciplined money management to navigate the markets successfully.

🏦Trading Capital: $5000

🔐Risk Tolerance: 3% per trade

💰Number of Trades per Week: 4

Trading Pair: Bitcoin/USDT

Platform: Binance Futures

Step 1: Calculate Position Size:

Position Size = (Trading Capital * Risk Tolerance) / Stop Loss Distance

Given a trading capital of $5000 and a 3% risk tolerance per trade, the amount you're willing to risk per trade is $150 (3% of $5000).

Step 2: Determine Stop Loss:

Choose a suitable Stop Loss distance based on your analysis and risk tolerance. For example, let's assume a Stop Loss of 1% of the Bitcoin price.

Step 3: Execute Trades:

For each trade, calculate the appropriate position size based on the Stop Loss distance you've determined. Ensure that the position size aligns with the $150 risk per trade.

Step 4: Diversification:

Since you're planning to execute 4 trades in a week, consider diversifying your trades to spread risk. Distribute your available capital across the 4 trades, making sure the total risk does not exceed your maximum risk tolerance of $150 per trade.

Step 5: Maximum Weekly Loss:

With 4 trades per week and a maximum risk of $150 per trade, your maximum weekly loss would be 4 trades * $150 per trade = $600.

Step 6: Risk/Reward Ratio:

Determine your desired risk/reward ratio for each trade. For example, if you aim for a 3:1 risk/reward ratio, set your take profit level at a distance 3 times that of your Stop Loss distance.

Step 7: Emotional Discipline:

Maintain emotional discipline and stick to your strategy. If a trade hits your Stop Loss, accept the loss and move forward. Emotional decisions can lead to impulsive actions and increased risk.

While money management can help mitigate losses, the accuracy of your trading system remains paramount for consistent results. Remember that losses are part of trading, and prudent money management helps you weather challenging times.

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1. Entering in FOMO

Traders mostly make mistakes while entering in market with FOMO. It's better you should wait for a buy setup or market to follow your proper set of rules on your bias.

2. Using unnecessary tight Stops

Sometime trader stick to the tight stoploss plan, which lead the loss streak mostly. Well, your stops should be dynamic with the market price.

3. Unrealistic Target

Most traders don't have set of rules after entering the market and majority don't even have realistic targets also. You must have a realistic target goals before or prior to entering the trade.

4. Always stick to your plan

Trader makes losing steaks and lose win rate due to not following there trading plan i.e. entering or exit. It a very important aspect of the trading of have a proper plan for everything and discipline is the key for that.

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Bitcoin has followed this pattern for sometime now; it dips and gets everyone scared then after retesting an old resistance several times, we wake up one day to see it has bullish.

This period is the perfect time to buy the dip and accumulate irrespective of the bulls being under pressure.

Bitcoin moving up is inevitable and would see the price of bitcoin surpass its all time highs.

The reversal was imminent because obviously, the bitcoin market needed a correction to gather the right momentum to give the bulls more steam and this just makes it the perfect time to invest and accumulate as much as possible.

I'd strongly advise any new person to buy the dip for traders who still wondering to enter the market or seek help from not just any trader but an established trading expert

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