🌟 Choose a Trading Method That Suits You
• Apult Binance Earn: This is a low-risk earning method provided by Binance, suitable for investors who do not want to trade frequently.
• Flexible Savings: Deposit stablecoins (such as USDT, BUSD) or Bitcoin, earning fixed interest daily, with interest continuously accumulating (calculated every minute), and you can withdraw both principal and interest at any time.
• Fixed Savings: Compared to flexible savings, fixed savings require locking funds for a certain period (7/14/30 days, etc.), but the interest return rate is higher. However, if redeemed early, you will lose the interest already earned.
• Apult Spot Trading: Suitable for beginners, directly buying and selling cryptocurrencies without leverage, which poses relatively lower risk. You can have complete control over your funds, with no debt or leverage pressure.
🛡️ Utilize Risk Management Tools
• Set Stop-Loss and Take-Profit Orders: By setting stop-loss orders, you can automatically close positions when the market price reaches a preset unfavorable price to limit losses. At the same time, set take-profit orders to lock in profits and avoid missing profit opportunities due to greed.
• Avoid Excessive Leverage: Although Binance offers leverage up to 125 times, higher leverage also means higher risk. Beginners are advised to start with lower leverage until they have a thorough understanding of the market and their risk tolerance.
📈 Implement Simple Trading Strategies
• Long-term Holding (HODLing): Choose assets with potential and hold them for the long term. For example, select cryptocurrencies with strong teams, practical use cases, and a large user base (such as Bitcoin or Ethereum). This approach requires less effort and can benefit from the gradual growth of the market.
• Neutral Position Arbitrage: In a bull market, you can construct a neutral position arbitrage by opening a long position in the spot account while simultaneously opening an equal-sized short position in futures. This way, you can earn funding rate income from the short futures position. However, this strategy requires a certain understanding of the market and attention to changes in funding rates.
📚 Study and Utilize Platform Resources
• Binance Academy: Binance offers free educational resources, including learning materials on trading strategies, tools, and market analysis, which can help you better understand the market and trading.
• Simulated Trading: Conduct simulated trading on Binance's testnet without investing real funds. This allows you to familiarize yourself with the trading process and gain experience before actual operations.
🔑 Pay Attention to Trading Security
• Enable Two-Factor Authentication (2FA): Add an extra layer of security to your account through methods like Google Authenticator or SMS verification codes, making unauthorized access difficult even if your password is leaked.
• Understand Verification Requirements: Binance implements strict Know Your Customer (KYC) procedures that require submitting government-issued identification and completing facial recognition verification. Fully verified accounts can enjoy higher withdrawal limits and more comprehensive trading features.