When I started using Binance app I only used as a crypto exchange I didn't know it's trading etc, when I lost my crypto in a scam app I started looking inside Binance for earning , first I saw it's trading on spot trade very easily I understood it's procedure of buying and selling crypto coins.
As a business minded person I liked it very much and enjoyed trade on very low level it is 5 usdt in least(at that time I did not know convert option) i gave my time on learning and and understanding for short term and long term sale.
Today I only share the tip is that never look for hint or prediction from anybody else start with low amount and experience yourself.
Tomorrow I shall write more on this topic. And we shall go on like this slowly like a 🐢. Hahahaha because it wins.
#Write2Earn! #spot #trading #begginers

In yesterday's article I told you that never take hint or lead or prediction of market from anybody else just do your own research and use your experience even if it is of a several trades. The other thing which is very much recommended that do one month pencil trade before you start actual trade.
What is a pencil trade? A pencil trade is an imagery trade which is written down on a paper without expending money for example,
Bought 3/8/2024 5:00pm $PEPE .000012 @5usdt amount 416666.
Write it down and observe the market after 3 days market went up and you felt it's highest peek at .00001356 and you sold now write it down like
Sold 6/8/2024 10:00am $PEPE .00001350 @5.62usdt
Gained .62 usdt then observe that the market is going more up or down after your decision , you can practice on several coins at the same time.
Hope you had got my point. It is for today, see you tomorrow 😁
#Write2Earn! #spot #trade #begginers

Dollar-cost averaging (DCA) is an investment strategy that involves regularly investing a fixed amount of money into a particular asset over a period of time, regardless of the asset's price fluctuations. This approach helps to mitigate the impact of market volatility and reduce the risk of making poor investment decisions based on short-term price movements. Here's how you can implement DCA:

Determine your investment amount: Decide how much money you're willing to invest regularly. This can be a fixed dollar amount or a percentage of your income or portfolio.

Choose the asset: Select the asset or investment vehicle you want to use for dollar-cost averaging. It can be stocks, mutual funds, exchange-traded funds (ETFs), or any other investment that aligns with your financial goals and risk tolerance.

Establish the investment period: Determine the duration over which you plan to make regular investments. It could be monthly, quarterly, or any other consistent interval that suits your investment strategy.

Set up a brokerage account: Open an account with a reputable brokerage platform that offers the asset you wish to invest in. Make sure the platform supports recurring investments or automatic transfers.

Create an investment schedule: Decide on the specific dates or intervals when you want to invest. For example, you might choose to invest a fixed amount on the first day of every month.

Execute the investments: Stick to your investment schedule and make regular contributions according to your predetermined plan. Set up automatic transfers if your brokerage platform offers that feature.

Monitor and adjust if necessary: Keep an eye on your investments and track their performance over time. However, remember that the goal of DCA is to take a long-term approach and not react impulsively to short-term market fluctuations.

Stay disciplined: It's crucial to maintain consistency and stick to your investment plan, regardless of market conditions. DCA relies on the principle of investing over time, irrespective of short-term market movements.

By following these steps, you can implement a dollar-cost averaging strategy in your trades. Keep in mind that while DCA is a widely used investment strategy, it does not guarantee profits or protect against losses. It's always a good idea to do thorough research, diversify your investments, and seek advice from a financial professional when necessary.

#BTC

#pepe

#spot

#futurestrading

#dyor