#TradingTypes101

Trading on the Binance platform requires some basic steps and a good understanding of cryptocurrency markets. Here is a comprehensive guide on how to trade correctly on Binance, with important tips for beginners:

First: Getting Started on Binance

* Registration and Account Creation:

* Visit the official Binance website or download the app.

* Click

Binance offers several types of trading, the most important of which are:

* Spot Trading:

* This is the most common type for beginners.

* It involves buying and selling cryptocurrencies directly and instantly.

* When you buy, you will actually own the cryptocurrency in your wallet.

* Margin Trading:

* Allows you to trade with an amount larger than your own capital by borrowing from Binance.

* It carries much higher risks and can lead to significant losses if you lack experience.

* Important Note: Margin trading and futures contracts are considered forbidden in some religious fatwas due to the use of leverage and dealing with debts.

* Futures Trading:

* Allows you to speculate on future cryptocurrency prices without owning the actual asset.

* It also involves very high risks due to leverage.

* Automated Trading (Bots & Grid Trading):

Using smart systems to execute trading orders automatically based on specific strategies.

It can be beneficial for experienced traders who understand how to set up these bots.