Hello my dear ones wherever you are, some are asking about trading on the Binance platform and how to start

I will briefly talk about the topic, trading on Binance requires a good understanding of the fundamentals to achieve success and avoid large risks.

Here are the most important fundamentals you should know

1. Open an account and verify it

- Create an account on [Binance](https://www.binance.com) and complete the KYC process

(identity verification) to raise withdrawal and trading limits.

- Activate two-factor authentication (2FA) to protect your account.

2. Understanding the platform interface

- Learn about Binance's main sections:

- Spot Trading.

- Futures Trading.

- Margin Trading.

- Wallet.

- Use Binance Lite interface for beginners

or Binance Pro for professional traders.

3. Types of orders (Orders)

- Market Order for buying/selling at the current price.

- Limit order to set a specific price for buying or selling.

- Stop-Loss to automatically close the trade at a certain loss limit.

- Take-Profit to close the trade when achieving a specified profit.

4. Risk management

- Do not invest more than you can afford to lose.

- Always use Stop-Loss to avoid large losses.

- Avoid high leverage if you are a beginner.

5. Fundamental and technical analysis

- Fundamental analysis studying project news, technical developments, and economic data.

- Technical analysis using indicators like:

- Moving Averages (MA)

- RSI (for momentum).

- MACD (for the general trend).

6. Understanding tokens and terms

- Trading pair like BTC/USDT (Bitcoin against Tether).

- Order Book for buying and selling orders.

- Volume amount of trading over a specific time period.

7. **Costs (Fees)

- 0.1% trading commission on Spot Trading (can be reduced using BNB).

- Higher commissions on margin trading and futures

8. Safe trading

- Avoid emotional trading

- Beware of scams (like phishing messages).

- Use cold wallets to store long-term coins.

9. Continuous learning

- Use Binance Academy for free learning.

- Follow expert analyses (with caution from unreliable recommendations).

10. Testing strategies

- Test your strategies first on demo trading mode.

⚠️ Warning

Trading is risky, especially in the volatile cryptocurrency market. Start with a small capital and learn before risking large amounts of money.

Advice from a brother, start with spot trading before entering futures or margin trading.

May you remain under God's care and protection ...