Mechanisms to help new traders to facilitate the trading process and achieve better results:
1. **Technical Analysis**:
- Learn to read charts and technical indicators such as Moving Averages, Relative Strength Index (RSI), and MACD.
- Use the technical analysis tools available on the Binance platform to determine appropriate entry and exit points.
2. **Fundamental Analysis**:
- Study economic news and major events that affect the digital currency market.
- Follow the projects and digital currencies that interest you and read the whitepaper for each project to understand its vision and goals.
3. **Using Trading Bots**:
- Benefit from trading bots that can be programmed to automatically implement specific trading strategies.
- Bots can be set to trade according to the criteria you specify, such as buying when the price is low and selling when it is high.
4. **Social Trading**:
- Follow professional traders and learn from their strategies and deals.
- Some platforms provide the feature of automatic copying of professional traders' deals (Copy Trading).
5. **Risk Management**:
- Determine a certain percentage of capital that can be risked in each deal and not exceed it.
- Use limit orders and stop-loss orders.