1. Trading Basics Explained
What is trading?
Trading is the buying and selling of assets such as stocks or currencies to make a profit. The goal is to buy low and sell high.
The difference between trading and investing:
Trading: Short-term, depends on daily market fluctuations.
Investment: Long-term, focuses on the growth of the asset over time.
A simple example:
If you bought a currency such as "Bitcoin" for $100 and sold it a day later for $120, you made $20.
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2. Risk Management in Trading
The idea: Guiding followers on how to protect their money.
Content:
Do not risk more than 5% of your capital in a single trade.
Use a stop loss to determine the maximum loss.
Do not trade under psychological pressure or after large losses.
Practical explanation:
Imagine that you have $1,000. Do not risk more than $250 in a single trade, and if the price starts to drop significantly, sell the assets before losing more.
Depending on your country's currency
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3. Chart Analysis
Idea: Teaching people how to read charts to understand the market
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Trading strategies for beginners include several methods for achieving profits and managing risks.

✳Types of strategies:

1️⃣Day Trading: Involves opening and closing trades within one day, which requires continuous monitoring of the market.

2️⃣Scalping: Aims to achieve small profits from rapid price movements, with several trades being made daily.

3️⃣Swing Trading: Lasts for longer periods, as the trader holds trades for several days or weeks.

4️⃣Automated Trading: Relies on software to execute trades automatically, which reduces the need for continuous monitoring.

🏁Basic terms:

- ✅Stop Loss: An order to close the trade at a certain loss.
- ✅Take Profit: An order to close the trade when a certain profit is achieved.

✅Choosing the appropriate strategy depends on the level of experience and the time available for trading.

How to get started on Binance?

1. Create an account:
Register on the official website Binance.com, then activate your account using your email and phone number.
2. Verify your identity (KYC):
Complete the verification process to increase your withdrawal and trading limits.
3. Deposit:
Deposit your funds using fiat or cryptocurrencies.
4. Start trading:
Use the trading interface to start buying and selling cryptocurrencies.

Tips for beginners on Binance

• Start small:
Invest only what you can afford to lose.
• Learn the basics:
Don’t trade without understanding the basics of cryptocurrencies and how to read the market.
• Use the Stop-Loss feature:
To protect yourself from unexpected losses.
• Follow the news:
The markets are volatile, so stay up to date with global updates.

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