Let me present you The GOLDEN TOP 10 LIST! 🤓
When I began my trading journey on #Binance , having an ALL-IN-ONE HANDBOOK like this would have been incredibly beneficial, especially if you are NOT a trader with experience from before!🙏
In the beginning, diving into Binance felt like stepping into a maze of offers and promotions. Honestly, I was overloaded and I am sure some of you are even a bit scared to click anywhere for fear of making a mistake.😱
🤓1st lesson = making mistakes is an integral part of learning, and that’s something we can all relate to, right? Treat this as your 1st trading skill to develop - the more you learn, the less mistakes you'll make! It also showed me that it is a GREAT LESSON 4 LIFE!✅
🚨NOW, before we start with ANYTHING! Did you do KYC?! Please make sure that you finished the KYC process and so verified your account otherwise just follow the steps.
A quick and simple guide how to do KYC & Account Verification:🙏
1. Step: Access the KYC Verification Page.
2. Step: Choose Your Verification Level.
3. Step: Complete the Identity Verification.
4. Personal Information:
5. Proof of Identity:
6. Step: Submit Proof of Address (if required)
7. Step: Submit and Wait for Review.
The account is verified via KYC status, and NOW we can Kick Off the Adventure!🚀
1.) Trading Definitions:📊
➢ FOMO = Fear of Missing Out > means you should stay focused on possible benefits. In other words, avoid making emotional decisions. (very common mistake)✅
➢ DYOR = Do Your Own Research > means do NOT rely on others completely, take the time to evaluate things on your own before investing in the coin.✅
➢ Resistance Level = means a level where the price regularly struggles to rise, leading to a bounce back or reversal from selling pressure. (very often misunderstand)✅
➢ Support Level = A price point where an asset, such as Bitcoin or XRP, usually stops decreasing and starts to rise again. This is where buyers come in, creating demand that keeps the price from falling more.✅
➢ Fear & Greed = Both are strong feelings that influence financial markets, like stocks and cryptocurrencies. They can lead to market ups and downs and make prices hard to predict.✅
➢ Bearish = means a negative view of the market, where prices are likely to fall.✅
➢ Bearish Trend shows that traders and investors think the price of an asset, such as Bitcoin or DOGE, will decrease.✅
➢ Bullish = means a positive view of the market, where prices are likely to rise.✅
➢ Bullish Trend shows that traders and investors think the price of an asset, such as Bitcoin or XRP, will increase.✅
➢ Arbitrage = A strategy involves buying an asset in a market with a lower price and selling it in a market with a higher price.✅
➢ Bonds = It is a type of investment where you provide funds to an institution for a specific duration.✅
➢ Wallet = A crypto wallet is a digital platform for securely storing, sending, and receiving cryptocurrencies. It safeguards your private keys and communicates with the blockchain to manage your finances.✅
➢ HODL = A common crypto term, often misspelled as "HOLD", refers to keeping your cryptocurrency for a long time, no matter how prices change. It encourages investors not to sell in a hurry during market drops.✅
2.) Key Features of Trading:📊
➢ Spot Trading = BUY LOW → SELL HIGH - A key rule to remember in trading.✅
➢ Market Order = BUY/SELL at the ongoing price point.✅
➢ Limit Order = BUY/SELL at a price you choose to set.✅
➢ Stop-Loss = AUTOMATICALLY SELL to avoid risks and significant losses.✅
➢ Futures = Use leverage to forecast price changes (like 10x). It comes with high risk but also high potential rewards.✅
➢ Margin = Borrow funds to enhance your trading. It can be dangerous if the market goes down.✅
3.) Binance Promotional Offers to EARN some income - start with the easy ones & always stay updated…💰
➢ Staking = means putting your cryptocurrency in a blockchain network to help keep it safe and confirm transactions. In exchange, you receive rewards, similar to earning interest or passive income (and so earning while you are asleep).✅
➢ Launchpad = is about getting in on new projects early with your investment.✅
➢ Earn (Flexible/Fixed) / Simple Earn = Make your crypto work for you by lending it and earning attractive returns.✅
➢ Binance Promotional offers = I’ve dedicated a lot of effort to this article for all the Newbies! If the article receives a strong reaction, I’ll gladly invest my time to bring you PART 2, showcasing the top promotional offers on Binance, how to ear on it and how to take part. Please surprise me with your feedback!🙏👍
4.) Stay Protected & Secure! 🔐
➢ Watch out for Scams! Many stories exist, and the crypto world has dealt with scams that resulted in coins being lost, putting your funds at risk if you didn't use the STOP-LOSS option.🚨
➢ Activate 2FA (Google Authenticator) = It serves as an added security feature for your account. Logging in requires two steps instead of only a password.🔐
➢ Enable Cold Wallets = For those with significant amounts of crypto, using a cold wallet such as Ledger or Trezor is safer than keeping it on an exchange or in an online wallet.🔐
5.) Key Guidelines to Follow: 🔑
➢ Only trade or invest money that you can afford to lose!🚨
➢ Hard work, effective learning and patience are key 🔑 for success!💪
➢ Crypto comes with HIGH VOLATILITY! Between 2013 and 2023, Bitcoin's value skyrocketed from roughly $100 to nearly $45,000, showcasing an impressive average annual return of about 100%. Yet, this journey wasn't a straight path; there were years with gains exceeding 300% and others where losses dipped to -50%. 📊
➢ So, when it comes to investing or trading, mastering financial, capital, and risk management is a hundred times more vital than delving into technical analysis or conducting crypto research!🤓
➢ If you’re unable to commit 2-3 hours daily to cryptocurrency, it’s wise to focus on more stable coins such as #bitcoin (BTC), #XRP , #Ethereum (ETH), #solana (SOL), Cardano, Link, or BNB. Limit your selection to a maximum of 3x coins. Allocate 50% of your investment to Bitcoin (BTC) and divide the remaining 50% between the other two coins.🤓
6.) Basic Trading Advice for Observation:📊
➢ If you're thinking about making a purchase for a short-term or a long-term trade, it's wise to keep a close eye on the market. Pay attention to the 1h and 15m charts, along with the 24h volume, MACD, and RSI. Observing these indicators for a period of 1-4 hours for short-term trading and to 2-3 days for long-term trading can help you lock in a better price.📊📈💰
➢ MACD = stands for Moving Average Convergence Divergence is a technical indicator used in trading to identify trend direction, momentum, and potential buy/sell signals.✅
➢ RSI = stands for Relative Strength Index which is an indicator in trading that tells if an asset is overbought or oversold. It helps traders determine the right time to buy or sell by analyzing market momentum.✅
a.) RSI Above 70 = Overbought → The price might drop soon.✅
b.) RSI Below 30 = Oversold → The price might rise soon.✅
c.) RSI Between 30-70 = Neutral Zone → No strong trend. ✅
7.) Trading Times on Business Days:⏰⏱️
➢ PAY ATTENTION to these times since the market will be dynamic and can move quickly! Highlight those times in your calendar and start keeping track of them! 🚨🚀
➢ 1.30 PM IST/ 12:30 PM GMT = It's time for Europe to wake up, the crypto market is set for renewed activity with London taking the first step. 🇬🇧🇫🇷🇧🇪
➢ 2:30 PM IST / 1:00 PM GMT = As the Germans get involved, Frankfurt steps up, resulting in more market activity.🇩🇪🇦🇹🇨🇭
➢ 5:30 PM IST / 4:00 PM GMT = The US market is getting ready, and cryptocurrencies are feeling the pressure. 🇺🇸🇨🇦
➢ 7:30 PM IST / 6:00 PM GMT = Pre-market activity in the US is increasing, which could lead to more volatility.🇺🇸🇨🇦
➢ 12:30 AM IST / 11:00 PM GMT = Late-night changes in crypto are sometimes causing unexpected shifts as the U.S. market closes as that time.🇺🇸🇨🇦
➢ 2:30 AM IST / 1:00 AM GMT = As Asia starts its day, the market dynamics are changing. 🇨🇳🇯🇵🇰🇷
➢ 6:30 AM IST / 5:00 AM GMT = Hong Kong and Shanghai are giving a new lift to crypto markets.🇭🇰🇨🇳🇯🇵🇰🇷
8.) How to Interpret Volume Movements?📊
➢ Increasing Volume↗️ + Rising Price↗️ = Strong Bullish Trend.🚀
➢ Increasing Volume↗️ + Falling Price↘️ = Strong Bearish Trend (potential panic selling).🧐
➢ Decreasing Volume↘️ + Rising Price ↗️= Weak Rally (potential reversal soon).📊📈
➢ Decreasing Volume + Falling Price = Weak Selling Pressure (potential bottom).😱
9.) Nearing The End of this Article…🙏
➢ I want to take a moment to say BIG THANK YOU to Binance for the fantastic educational resources and promotional offers! Here’s to achieving GREAT SUCCESS!🙏
10.) FOR THE END…Allow me to give you a short intro about myself…🤗
➢ Although I’ve only just begun my journey on Binance, I’ve been involved in trading since 2018. Since 2006, I’ve been immersed in the gaming industry, building a substantial network that I still actively engage with today. 🤓
➢ I recommend that you refer back to this “ALL-IN-ONE Handbook for Beginners” if you forget a definition. I will pin the article, so you can easily find it in my account at the top of the page.🤗
➢ If you enjoyed the article, it is greatly appreciated if you would share your thoughts in the COMMENTS, give it a LIKE and please FOLLOW for more insights, research, analysis, and trends related to cryptocurrencies!Wishing you all lots of success for the CryptoTrends2025!🚨👍
Access more information and details waiting for you here:🤓🙏
➢ XRP under 3.5 - 4: A Bargain in the Eyes of certain Crypto Experts and Influencer!
➢ R.I.P. Ripple XRP SEC File! The SEC removed the file from the website!
➢ Whale Alert! Today a staggering 1 Billion XRP Tokens were moved to Ripple!