Hello guys I am new on Binance Any one Can guide about tradi | Elon Musk 65908 on Binance Square

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Hello guys I am new on BinanceAny one Can guide about trading on Binance
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This image explains two important *Candlestick Patterns* in trading: --- *1. Hammer (Bullish Reversal)* - *Formation:* After a *downtrend* - *Shape:* Small body, long lower wick, little or no upper wick - *Signal:* Indicates potential reversal to *uptrend* - *Entry:* After the hammer candle closes - *Stop-loss:* Below the low of the hammer --- *2. Shooting Star (Bearish Reversal)* - *Formation:* After an *uptrend* - *Shape:* Small body, long upper wick, little or no lower wick - *Signal:* Indicates potential reversal to *downtrend* - *Entry:* After the shooting star candle closes - *Stop-loss:* Above the high of the shooting star --- ✅ These patterns help traders identify *trend reversal points* and make informed *entry/exit decisions*. Always confirm with volume or indicators. #ElonMusk65908 Follow For More!

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In order to help newcomers to the cryptocurrency world better understand contract knowledge, I will rearrange the content using friendly and easy-to-understand language, following the logic of "Contract Definition - Difference from Spot - Leverage Logic - Risk Warning", highlighting key points while maintaining readability. Introduction to Cryptocurrency Contracts for Beginners: A Simple Guide to Understanding the Basics For those just stepping into the cryptocurrency world, does the term "contract" sound daunting? There's no need to worry; today I will clarify the basic knowledge of contracts in simple terms, making it super easy for you to get started! # Financial Knowledge The essence of cryptocurrency contracts is futures (in English, FUTURE), similar to a price agreement signed between two parties, with the trading unit being "lot", where 1 lot is the minimum trading unit. If you sign a new contract with someone else, the global contract open interest will increase by 1; if you take over someone else's existing contract, the total open interest will remain unchanged. It differs greatly from spot trading: in spot trading, payment is made at the same time as the transfer of coins, and the transaction is complete. However, contracts do not require immediate delivery of coins; the core is betting on future prices. For example, some people are bullish on Bitcoin, while others are bearish, and both parties bet against each other using contracts. Moreover, contracts are a zero-sum game, meaning that one party's profit is the other party's loss, and there are additional functions of leverage and short selling, with leverage ratios set by exchanges based on the volatility and liquidity of the cryptocurrency. Now, let's talk about leverage logic, which is easier to understand with an example: Suppose Bitcoin is currently priced at 50,000 yuan each, and a contract requires a margin of 50 yuan. If you open a 100x leverage position, the contract value will be 5,000 yuan; #ElonMusk65908 Follow For More!

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Contract Trading Pitfalls: Don't be Misled by High Win Rates, Mastering the 'Choose Two Out of Three' Principle is Key When engaging in contract trading, both new and experienced traders often fall into a misconception — easily believing the claims of '70-80% win rates' in the comments section. In fact, in this realm, relying solely on a high win rate is fundamentally unsound; the true determinants of trading outcomes are the risk-reward ratio, win rate, and trading frequency, and you can only choose two of the three. Attempting to balance all three is essentially a logical contradiction. For instance, if you choose the 'Trading Frequency + Win Rate' combination, these trades are mostly short-term operations. Due to frequent market entries and exits, it's hard to capture significant market movements, which naturally leads to low risk-reward ratios. You can only rely on high-frequency trading and stable win rates to accumulate profits. On the other hand, if you opt for the 'Risk-Reward Ratio + Win Rate' combination, it requires extreme self-discipline: you must restrain yourself from entering the market blindly during small fluctuations and only build positions at the bottoms or tops of larger cycles, thus ensuring both high win rates and high risk-reward ratios. Many traders incur losses in contract trading due to repeatedly making 'negative EV' (expected value is negative) decisions. In trading, you inevitably encounter four situations: small profits, small losses, large profits, and large losses. To avoid liquidation, the key is not to pursue profits on every trade but to minimize the frequency of 'large losses' — as long as you can avoid significant losses, even with minor gains and losses, your account can remain stable over the long term. If you have further confusion about contract trading or encounter difficulties during operations, you are welcome to discuss and explore together to collectively avoid trading traps. #ElonMusk65908 Follow For More!

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When I first entered the cryptocurrency world ten years ago, I was obsessed with the idea of going all-in and making a fortune overnight. But reality dealt a heavy blow: my account, at its peak, had been decimated by hundreds of thousands, leaving only a fraction of what was left. It wasn't until then that I realized the true key to the cryptocurrency world isn't predicting the market or relying on luck, but rather surviving the ups and downs. After years of hard work, my biggest lesson is this: the market is always smarter than you, and the key players are always more ruthless than you. If you want to win in this industry, don't fight the market head-on. I've come to the conclusion that the cryptocurrency world isn't about intelligence, but about patience and discipline. Rule One: Never act rashly when the market is uncertain. When I was young, I would rush to place orders even in a sideways market, always afraid of missing out, often ending up with losses. Now I've learned to wait, preferring to miss out rather than blindly "send it away." Rule Two: Once a trend is established, hold on. Many people rush out after making a few pips, only to watch others take home several times the profit. True profits lie in trends, not in momentary emotional fluctuations. Rule Three: Going all-in is the most expensive impulse. I've seen countless "geniuses" in the cryptocurrency world vanish after a few full-position trades. Only by splitting your portfolio and trading only within your plan can your account survive long-term. The cryptocurrency world is a training ground. The more you strive for quick profits, the faster you'll die; the longer you look ahead, the easier it is to make it to the end. I'm 33 years old, born in 1992, and my account's net assets now exceed 1 million yuan. This isn't achieved through one or two "turnarounds," but through ten years of consistent execution. If you're still experiencing margin calls and chasing rising and falling prices, don't rush to find a "god-level teacher" or dream of overnight wealth. #ElonMusk65908 Follow For More!

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Cryptocurrency is the way to go! #ElonMusk65908 Follow For More!

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