Here are 3 key tips for beginners on Binance:
Prioritize security: Before any investment, protect your account. Use a strong and unique password, always enable two-factor authentication (2FA) with Google Authenticator, and set up the anti-phishing code. Additionally, avoid clicking on suspicious links or sharing information with third parties.
Start small and diversify: Do not invest more money than you can afford to lose. Start with a small amount to familiarize yourself with the platform and the market. Once you feel more comfortable, consider diversifying your portfolio to reduce risk, instead of putting all your capital into a single asset.
Understand trading orders: Get familiar with the different types of orders, especially the "market order" and the "limit order." The market order allows you to buy or sell at the current price, while the limit order gives you control to set a specific price at which you want to execute the trade. This helps you have better control over your entries and exits in the market.
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