Confused about where to start trading on Binance?
Let me simply explain the basic trading methods on the platform:
1. Spot Trading:
The simplest and safest method, you buy and sell cryptocurrencies directly, and you actually own them.
2. Futures:
A type of trading where you rely on predicting the price direction (up/down) without owning the currency. There is quick profit potential but higher risk.
3. Margin:
Leverage that allows you to trade more than your balance. Higher opportunity = higher risk.
4. Auto-Trading:
Automated trading done through programmed bots according to specific strategies. Useful if you have a clear plan and don’t want to trade manually.
Start trading at a level that suits you, and learn step by step; the most important thing is to understand the risks before the profits!
