BeginnersDiary

After setting up your Binance account and enabling Two-Factor Authentication (2FA), the next step is to deposit funds into your account. Deposit Fiat (USD, EUR, PGK, etc.), you can deposit fiat using Bank Transfer, Credit/Debit Card, or P2P Trading (if fiat deposits aren’t supported in your country).P2P (Peer-to-Peer) Trading allows you to buy crypto directly from other users using local currency.
Deposit Crypto (If You Already Have Some), copy your Binance Wallet Address, and transfer crypto from another exchange or wallet.
Choosing the Right Trading Option, while Binance offers multiple trading options, Spot Trading is the best choice for beginners. I will write a separate article on how to spot trade.
For advanced traders, Futures and Margin Trading are available:
Futures Trading involves leverage, allowing you to borrow funds to trade larger positions. However, this is highly risky for beginners. Margin Trading also involves borrowing but is done within the spot market.
Risk Management for Beginners
As a beginner with no prior trading experience, learning risk management is crucial, never invest more than you can afford to lose. Use stop-loss orders to minimize losses. Start with small amounts before trading large sums. Only trade larger amounts when you fully understand the risks involved.
Other Binance Features to Explore is Binance offers additional features such as staking & earning – earn passive income by locking crypto. Launchpad – Invest in new crypto projects early. Copy Trading – Follow expert traders’ strategies.
In the next post, I will cover the basics of these features and how to get 3 USDT without any initial deposit. Stay tuned! 🚀 #Beginnersguide #BeginnersDiary #beginners

Those who are coming in crypto trading to earn and make profit be ready and prepare your mind that loss and profit are part of trading. Don't dive in trading specially future trading before knowing anything else, without knowledge and learning you can't earn money only you get loss so first learn each and every details of it then dive in it and only deposit $10 first start trading with only $5 and $3 not more than that and put small leverage instead of large leverages like 30x, 50x, 100x, 200x,400x . Avoid over leveraging don't be greedy start with only 20x and learn how it's working. I started trading 1 month before and I learnt a lot still I'm learning and I totally loss 10000 pkr due to my lack of knowledge and now I learnt that I should not be greedy while taking trades, only 2 trades per day whether it's in profit or in loss and not more than 2 after that just focus on learning and understanding trading
#NewTraders #Pakistan #cryptotrading #Beginnersguide #BeginnersDiary
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#BeginnersDiary

As a beginner with very minimal experience in the crypto market and how it works.
Do not use Web3. It is very complicated to buy, sell, or even move your tokens from one place to another.
I tried it and ended up moving everything back to binance exchange after losing some money in “Gas Fees” since I had no idea what I was doing.
From my own experience, STAY ON BINANCE EXCHANGE, until you learn how the whole system works in details.
Always put in mind that on Exchange, Binance does most of the work for you
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