If you are a beginner on the Binance platform and have a capital of $100, you can follow the following steps to get a good and safe start:
1. Learn the basics first 📚
Don't rush into trading right away. Understand basic concepts like:
What are cryptocurrencies? 💰
How to read the market (Market Analysis) 📊.
The difference between trading and investing 💹.
Order types (Limit, Market, Stop-Loss) 🛑.
Binance offers a free educational academy that you can start with (Binance Academy) 🎓.
2. Capital division ($100) 💵
Allocate 80% to long-term investment:
Choose major and reliable cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) 🚀. These currencies are less volatile than minor ones. Invest a small amount (e.g. $50-80) without taking on too much risk.
20% for short-term trading:
Use the remaining $20 to learn trading 📈. Start with currency pairs like BTC/USDT or ETH/USDT as they are the most liquid.
3. Choose a clear strategy 🧑💼
Choose one of these strategies:
HODL (Hold): Buy coins and hold them for a long time ⏳.
Day Trading: Buying and selling currencies on the same day 🔄.
Swing Trading: Targeting profit over days or weeks based on technical analysis 📉.
4. Use the demo trading feature 🧑💻
Binance offers a demo account (Testnet) to trade currencies without real risk. Use this account to gain experience 🎮.
5. Risk Management ⚖️
Do not risk more than 5-10% of your capital on a single trade 💡.
Always use Stop-Loss orders to reduce risk 🛡️.
Don't invest more than you can afford to lose 🚫.
6. Take advantage of other features on Binance 🔧
Staking: Stake your coins to get fixed profits 💎.
Savings: Put coins into a savings account to earn interest 📈.
Launchpad: Invest in new projects (if you're willing to take the risk) 🚀.
7. Avoid common mistakes ⚠️
Don't chase quick profits 💸.
Avoid buying based on rumors 📉.
Don't put all your money in one coin 💼.
Start small and focus on learning before looking for big profits. Cryptocurrencies are high risk, so invest wisely 🧠.
