Today I would like to recommend to you #Binance’s latest “Trading Insights” feature.
It has been online for a while now. When I first started using it, I just looked at the profit and loss ratio of the currency I held. I was shocked when I saw it. I lost a lot of money in the past six months, but this is not the point. The point is that this tool can be used from short-term to long-term, from review to optimization of positions, which I think is very good.
If you haven’t used this function yet, let’s popularize it today. Perhaps it can improve your trading efficiency.
1. What are trading insights?
As the name suggests, it provides insight into everything you trade. It is a very practical function that can deeply analyze market trends, currency performance, trading strategies, and provide optimization suggestions based on the user's trading data. In short, this function can give you a better sense of direction in trading, help you understand the latest market dynamics, and optimize your holdings. I think this is great.
2. Highlights:
By analyzing market trends, Trading Insights can provide users with very intuitive profit and loss analysis, trading performance evaluation, and even position optimization suggestions. What's even better is that it also has a simulated position opening function, so you can test your trading strategy in a risk-free environment and further optimize your operations.
3. How to enter the transaction insight interface.
Go to the Binance App homepage, click the Binance logo in the upper left corner, and there is a "More Services" button below.
You can also directly type "Trading Insights" in the search bar, click and enter.
4. Its functions
The reason why this tool is useful is that it provides many powerful features that can help you understand the market from all aspects and optimize your trading decisions.
1. Market analysis:
Through trading insights, you can get price forecasts and market sentiment analysis of popular currencies, helping you make more informed trading decisions. Whether it is the impact of macroeconomic data on the crypto market or the prediction of currency trends, you can see it at a glance.
2. Profit and loss analysis of holding coins
It provides the profit and loss trends, historical performance, etc. of all the currencies held in the aggregated wallets, helping us to clearly understand the daily and cumulative profit and loss situation. Here is a little more precise.
3. Trading performance scoring
Combining the trading income and stability performance of the past year, detailed scoring and ranking are provided to help us understand our own trading capabilities.
4. Position Optimization
The system will provide suggestions based on everyone's positions and profit and loss performance to help improve the optimization capabilities of trading combinations and increase overall returns.
5. Simulated position building and continuous observation
We can use the simulated position building function to verify our trading strategies without any capital risk and continuously monitor the performance of our portfolio. Through this function, we can optimize our strategies more scientifically and ultimately improve the winning rate of real trading operations.
In short, the trading insights feature provides us with powerful data analysis and optimization tools. It is an effective way to improve trading capabilities and profitability. If you are interested, you can try this feature. I think it is very interesting.
