View my returns and details of my investment portfolio. Follow me for more investment tips. Trading on Binance requires a mix of planning, capital management, and analysis. Here are some key tips to control your trades wisely:
1. Money Management
Do not risk more than 1-5% of your capital on a single trade.
Use Stop-Loss to minimize potential losses.
Set a Take-Profit target to exit the trade at the appropriate profit.
2. Market Analysis
Use technical analysis: such as support and resistance, moving averages, and indicators like RSI and MACD.
Rely on fundamental analysis: such as market news, cryptocurrency projects, and Bitcoin movements.
3. Risk Management
Avoid high leverage unless you are a professional.
Do not put all your capital into one cryptocurrency (diversification is important).
Stay updated with news and updates, as the market is volatile.