Trading Tips

1. Secure Your Account First

Enable two-factor authentication (2FA) using Google Authenticator.

Do not share your information with anyone, and be cautious of phishing links.

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2. Start with Small Amounts

Do not invest a large amount from the beginning.

Try trading first with amounts you can afford to lose.

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3. Choose the Right Type of Trading for You

Spot Trading: Buying and selling currencies directly – suitable for beginners.

Futures: Profit from price increases or decreases with leverage – but the risks are high.

P2P: Buy currencies directly from users using local payment methods.

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4. Monitor Fees

Use BNB to reduce trading fees.

Avoid excessive random trading to not deplete your balance with commissions.

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5. Use Binance Tools

Stop-Loss and Take-Profit: Orders to protect your profits or minimize your losses.

TradingView within Binance: For technical analysis directly.

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6. Follow News and Announcements

Coins on Binance are affected by listing or delisting announcements.

Follow the official Binance channel on Telegram or Twitter.

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7. Don't Ignore the Risks

Altcoins are very volatile.

Do not enter unknown coins or those based on trends without research.

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8. Record Your Trades

Note the results of your trades to learn from your profits and losses.