In general, investors and traders always try to update the latest news on geopolitical and economic and other topics, therefore reading is an important thing to do, more than that understanding in reading is even more important. The ability to understand reading can be obtained with a lot of practice, such as increasing vocabulary, studying sentence structure in a paragraph and so on.
In this article, the author does not outline specific tips on how to improve reading comprehension, but rather simply invites crypto investors, especially beginners, to learn together and be more active in reading and understanding articles related to crypto trading, especially on exchange platforms. binance.
Like the previous post, the author at least always recommends accessing and reading articles on #Binanceacademy, especially on the topic "trading" which is a collection of important, basic articles for investors who are new to crypto digital currency trading.
For beginner investors/traders on Binance who have started to understand several product services, especially "general functions" such as how to deposit, transfer and others and have already traded on SPOT, sometimes they start to be curious about starting buying/selling transactions on FUTURE. For this reason, dozens of articles on the topic of "trading" on Binance Academy are very important to read and understand in order to become more familiar with some new vocabulary before starting FUTURE, at least whatever it is (see image below).
In contrast to Spot trading, the Future interface (in the picture above) is a little more complex so novice traders are advised to learn and recognize it first, such as the following basic things.
- How to transfer funds to the futures wallet (USDT middle arrow)
- What is the difference between Long and Short
- What is Market Order, Limit Order and others
- What is the difference between Cross and Isolated
- What is leverage (75x circle in the image)
- What is TP/SL - Take Profit/StopLoss
- What is liquidation price
- and so on
The things mentioned above are some of the basic vocabulary that needs to be understood in the crypto trading interface in Future. Apart from that, studying price movement research on the selected coin/token charts and money management are no less important for a beginner investor/trader.
There is still much more to learn in trading especially crypto digital currencies. Several factors can influence fluctuating crypto price movements, for example geopolitical and world economic information, which is why "reading and understanding" is important for an investor.
For new investors/traders, please join the Official Binance Indonesia Community on Telegram ( https://t.me/Binance_Indonesian ) if you have problems and questions in trading crypto on Binance.
Diligently read the basics, Happy trading and investing on Binance!!
hello #DYOR
