The key points in trading cryptocurrencies or stocks, especially on platforms like Binance, include several essential aspects to understand the market and make smart decisions. Here are the most important:
1. Understanding the Market
_Learn the difference between a Bullish market and a Bearish market.
_Monitor trading volumes, price trends, and influential news.
2. Capital Management
_Do not risk more than 5-10% of your capital in a single trade.
_Use Stop Loss orders to protect your funds.
_Do not invest all your capital at once.
3. Using Technical Analysis
_Learn to read Candlesticks.
_Use indicators like:
_RSI (Relative Strength Index)
MACD
_Moving Averages
4. Choosing a Suitable Strategy
_Scalping
_Day Trading
_HODL
_Based on your time, experience, and capital.
5. Avoid Trading with Emotion
_Do not buy out of fear of missing out (FOMO).
_Do not sell due to fear or panic.
_Follow a predetermined plan.
6. Securing Your Account
_Enable two-factor authentication (2FA).
_Do not share your information with anyone.
_Avoid suspicious links.
7. Continuous Learning
_Follow reliable analysis channels.
_Participate in trading communities.
_Read daily news.
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