For every new trader, focus carefully (The most important advice on Binance) ⚜️

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Many have found in the past period that some content creators here post some snapshots of trades showing profits, and unfortunately, some new traders believe these snapshots, and most of them follow this person and jump into any trade they post without any review, and they lose.

Understand this well

This is a big loss for you, my friends 🔴🔴

Some important points to focus on:

• Leverage: Any person you find putting leverage above x15

This person does not understand anything and is new to the field because above that the liquidation price will be very close, and any experienced trader knows that fluctuations can happen at any time and reach the liquidation price.

• Liquidation price: The most important thing to focus on because if the liquidation price is close, fluctuations can happen at any time, and you could lose all your money in a simple moment.

• Putting all your capital into one currency: This is very, very wrong. Distribute your capital wisely, especially if you are going to enter a long-term trade.

• Come and buy recommendations: This is the biggest liar and the biggest hypocrite on the face of the earth. Think for a moment that the 50 or 100 dollars they ask from you, if they are a successful trader, they could earn multiples of that without asking anyone in minutes.

Do not enter the trading world with all your capital from the beginning; you must first learn and know where you are entering to avoid losses.

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Good luck to everyone 🤍