#BinanceTradeSmarter #BinanceTradeSmarter involves strategy.
The various types of smart traders do the following using timeframe analysis.
1. Scalping - Very quick entries and exits using lower time-frames from seconds to minutes. Based on technicals. Actively involved in the market.
2. Day Trading - Trade within a 24 hours period in crypto, analysis timeframe from minutes to hours. Technical analysis is key.
3. Swing traders - Hold trades from weeks to months. Use support and resistance, chart patterns. Buy low, sell high.
4. Position traders - These are more of investors who look at the potential future price of a token/coin. They buy and hodl for years. Use more of fundamentals than technicals.
5. Special category - These are hybrid methods found in binance. Example are copy trading, algorithmic trading, margin trading, futures trading, crypto arbitrage, etc.
To be a smart trader you need education , look at your available capital, risk appetite , personality , your objective for trading, your type of analysis (technical , fundamentals , sentimental or a combination) and then chose your timeline. All the best as you trade/invest.