#TradeLessons
🔰 1. What is Binance?
Binance is a cryptocurrency exchange where you can:

Buy and sell crypto (like Bitcoin, Ethereum, etc.)

Trade crypto pairs (like BTC/USDT)

Use tools for spot trading, futures, staking, etc.

📘 2. Types of Trading on Binance
✅ Spot Trading
You buy/sell cryptocurrencies immediately at market or limit prices.

Example: Buy BTC/USDT means you're using USDT to buy Bitcoin.

✅ Futures Trading (Advanced)

You speculate on the future price of a crypto. You don’t own the asset — you're betting on its price direction using leverage.

High risk, high reward.

✅ Margin Trading
You borrow funds to trade larger amounts than you own.

Also risky, because losses can exceed your initial investment.

🛠️ 3. Basic Spot Trading – Step-by-Step
Step 1: Create & Verify Your Account

Sign up at binance.com

Complete KYC (identity verification)

Step 2: Deposit Funds
Deposit crypto or buy with fiat (e.g., via bank card or P2P)

Step 3: Choose a Trading Pair
Go to Trade > Spot

Pick a pair like BTC/USDT, ETH/BTC, etc.

Step 4: Use the Order Types
Market Order: Buy/sell instantly at current price

Limit Order: Set your price and wait for market to reach it

Stop-Limit or Stop-Market: Trigger orders after a certain price

Example:

Want to buy 0.001 BTC at $60,000?

Choose BTC/USDT

Place a limit buy order: 0.001 BTC at $60,000

📈 4. Risk Management Tips

Never invest more than you can afford to lose

Use Stop-Loss to avoid big losses

Do your own research (DYOR) on coins and projects

Avoid using high leverage as a beginner

🧠 5. Learn Technical Basics
Even basic indicators can help your decisions:

Candlestick charts (visual price movements)

RSI (Relative Strength Index) – is it overbought/oversold?

MACD – shows trend direction

Support/Resistance – where price usually bounces