Trading on Binance Smart Chain requires strategy and caution. Start by researching projects thoroughly—check liquidity, smart contract audits, and developer activity. Use decentralized exchanges (DEXs) like PancakeSwap but beware of low-liquidity tokens. Manage risks by diversifying investments and setting stop-loss orders. Watch for scams like rug pulls and honeypots; tools like Token Sniffer and BscScan help with due diligence. Follow market trends, news, and whale movements to anticipate price swings. Consider using limit orders and slippage settings to avoid high losses. Always secure your private keys and use hardware wallets for large holdings. Trade wisely and stay updated!#BSCTradingTips