BinanceAlpha$1.7MReward Dear Trader
Trading on platforms like **Binance** requires good knowledge and risk management. Here are some important tips:
1. **Learn the basics
- Understand trading terms like **liquidity, leverage, Sto
- Learn technical analysis (charts, indicators) and fundamental analysis (market news, economic events).
2. **Account Security**:
- Enable **two-factor authentication to protect your account.
- Avoid sharing login details or using public Wi-Fi networks.
3. **Risk Management**:
- Do not invest more than you can afford to lose.
- Use orders to set your losses in advance.
- Avoid high leverage if you are a beginner.
4. **Start with a Small Experiment
- Start with small amounts to test your strategy and understand how trading works.
- Use a demo account if available.
5. **Follow the News**:
- Global events (such as political decisions, currency fluctuations) greatly affect the markets.
- Follow reliable accounts
6. **Diversify Investments
- Do not put all your money in one coin or asset.
- Consider distributing your portfolio between cryptocurrencies and other assets.
7. **Avoid Emotions
- Do not follow (fear of missing out) or make decisions under pressure.
- Stick to a pre-planned trading strategy.
These coins were in red a little while ago.
Distribute your investments across several coins
Distribute the installment of each coin into small portions.