Instant Trading Strategies for Beginners on Binance 📈
Are you new to the world of cryptocurrency trading? Spot trading is an excellent starting point! Here are simple and understandable strategies to help you on Binance.
What is spot trading? 🤔
Simply put, it is buying and selling cryptocurrencies directly with the goal of making a profit from the price difference. You buy the currency when you expect its price to rise and sell it when you expect it to fall (or after making a profit). There is no leverage or debt here; you trade with what you own.
1. Buy Low, Sell High Strategy 📉📈
2. Dollar-Cost Averaging (DCA) Strategy 💰
This strategy reduces risks and is suitable for long-term investment:
How does it work? Instead of buying all your investments at once, buy small amounts at regular intervals (daily, weekly, monthly).
3. Fundamental Analysis Strategy 🔍
Before you buy any currency:
Research the project: What is the currency? What problem does it solve? Who is the team behind it?
Follow the news: Positive news (new partnerships, technical updates) can raise the price, while negative news can lower it.