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🧠 Trading: The basics everyone should know before getting started.

Does the word "trading" sound familiar but you don't know where to begin? Don't worry. Here we explain clearly and friendly the essentials you need to know before trading on platforms like Binance.

🔍 What is trading?

Trading is the buying and selling of financial assets (such as cryptocurrencies, stocks, or currencies) with the aim of making a profit. Unlike long-term investing, trading typically seeks profits from short- to medium-term price movements.

📌 5 basic things you should know before trading:

1. Understand the market.

Before trading, it's vital to understand how markets work: supply and demand, volatility, and the factors that affect prices.

2. Learn to read charts.

You don’t need to be a math expert, but you should familiarize yourself with candlesticks, trends, and basic patterns.

3. Know the types of orders.

. Market order: immediate buy or sell at the best available price.

. Limit order: you set the price at which you want to buy or sell.

. Stop loss / take profit: to limit losses or secure profits.

4. Manage risks.

Never invest more than you are willing to lose. Use percentages and diversification to protect your capital.

5. Have a plan and discipline.

Trading without a strategy is like driving without brakes. Define your rules, meet your objectives, and don't let emotions take control.

🚨 Avoid common mistakes.

Entering due to FOMO (fear of missing out).

Trading without studying the asset.

Not using security tools or authentication on your account.

✅ Why choose Binance?

Binance is not only one of the largest exchanges in the world, it also offers:

* Intuitive interfaces.

* Free educational resources.

* Advanced tools for traders of all levels.

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