Explanation of the "Trading" section in the Binance app – for beginners
When you click on "Trade", you will see 3 main options:
Convert:
The easiest way to swap one currency for another without complicated trading fees.
Example: Want to convert USDT to BTC? Use this tool.
No high fees.
No need for charting experience.
Spot Trading:
Here, buying and selling happens at market prices directly.
It includes orders like Limit / Market / Stop-Limit.
Some experience in reading candlestick charts is needed.
The most commonly used by traders.
Strategy Trading:
A tool that allows you to create an automated trading bot.
Useful for advanced users.
You can set up pre-defined strategies to operate automatically.
Tip:
If you are a beginner, start with "Convert" or try mock trading first.
Follow me for a series of explanations on the other sections in Binance!
#Binance_Explanation #Trading_for_Beginners #Crypto_Education #BinanceTips
