#TradersBootcamp

Today I will write about Binance trading tools (what advantages they have, how to use them correctly, and which ones bring the most profit).Let's start with spot trading, where you can buy cryptocurrency for fiat and stablecoins.The best stablecoins are usdc and usdt. So you can buy tokens and set a take profit so that the exchange automatically sells your tokens for a profit at a specified price or sells them for a loss when the price drops to a certain price.Therefore, the first is called take-profit, because it means to take profit, and the second stop-loss is to stop losses.

The next type of trading is margin trading, where you can take a loan from the exchange against your tokens to buy more and make a bigger profit, but don't forget that when the price drops to a certain level, the exchange can take your funds and you will lose everything, because you will use 3x leverage. Therefore, this is a riskier type of trading compared to spot. Another point is that you will need to repay the loan to the exchange with interest, because the more and longer you take tokens, the higher the commission you will have to pay.

So we come to futures trading. The riskiest way, through trading with a large loan from the exchange, is leverage, which increases your position in the coin. For example, if you opened a long position on $BNB with a leverage of 10 for your $10, it will be valued at $100 and if the price falls by 10%, you will lose your $10. Here, as with spot and margin, there is a take-profit and stop-loss so that you don't have to sit on the charts all the time. Therefore, trade carefully and analyze yourself! You can find out more information about futures trading on the Binance page about futures trading.There is also a way to earn passive income by staking your crypto at interest on Binance, in this way you will receive good %, which is a good bonus when the market is volatile. There are two ways of staking here, namely for a term and without a term, but the interest will differ, so I advise you to use one with a term.