How to trade correctly on Binance and not lose money: 7 rules you didn't know

Thousands of traders enter Binance every day with one goal — to earn. But the truth is: 90% lose money, while 10% are consistently in profit. Do you want to be among these 10%? Then read to the end — this can save you not only your deposit but also your nerves.

1. Don't play in a casino — trade by strategy

Most beginners trade by intuition: 'Oh, the market is rising — I will buy!'. This is a path to nowhere. You must have your own strategy: scalping, day trading, or long-term — choose one and stick to it.

> Tip: test the strategy first on a demo account or a minimal amount. Don't trade 'blindly'.

2. Stop-loss is not your enemy, but a savior

People lose deposits because they don't set stop-losses. One loss — and -80% on the balance. Don't be one of them.

> Example: If you enter with $100, set a stop at -5–10%. You will lose $5–10, not the entire account.

3. Risks: no more than 1–3% of the deposit on a single trade

You should not put everything on one trade. Even if you are 200% sure, the market is not always logical.

> Formula: if you have $1000, then the maximum risk per trade is $10–30.

4. Don't trade on emotions

Anger, excitement, fear — these are your enemies. After a failure — take a pause. After a victory — don't get carried away. A cool head brings profit.

5. Learn to read charts (technical analysis is a must-have)

You must understand: what candles are, support/resistance levels, trends, and indicators. This is like the alphabet for a trader.

> Minimum: study RSI, MACD, Fibonacci levels, and trend lines

6. Don't use leverage without experience

Futures with 20x leverage are a quick way to lose everything. If you want to learn — start with x2 or x3. Don't get into 'adrenaline'.

7. Keep a trading diary

Record each trade: entry, exit, reason, result. Analyze mistakes. This will make you stronger faster than any courses.

Bonus: Don't chase the 'pump'

Coins that rise sharply often fall just as sharply. Don't buy at the highs. It's better to enter early according to your strategy than to 'catch the train'.

Conclusion

Trading is not a gambling game, but a craft. Work on yourself, think logically, manage risks — and profit will follow.

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