1. Understand trading fundamentals first
- Familiarize yourself with terms: such as (Bull Market, Bear Market, Order Book, etc.).
- Learn fundamental analysis (FA): such as reading project news, technical developments, and economic data.
- Technical analysis (TA): Learn to read candlesticks, indicators (like RSI, MACD), and support and resistance levels.
> 📌 Tip: Use the "Binance Academy" section that offers free lessons for beginners.
2. Start with safe trading (Spot Trading)
- What is buying and selling cryptocurrencies directly? (Like buying Bitcoin with USDT).
- Its features: less risky than derivatives (futures or margin).
- Advice for beginners:
- Start with small amounts.
- Choose large coins (like BTC, ETH) as they are less volatile than small coins (Altcoins).
3. Avoid speculation (day trading) at first
- Day trading requires experience, and losses can be significant.
- The best alternative for beginners is "HODL" (buy and hold for the long term).
4. Use trading orders wisely
- Market Order: Immediate buy/sell (but the price may be unpredictable).
- Specific matters (Limit Order): set the price at which you want to buy or sell (safer).
- Stop-Loss Order: sets your maximum loss and protects you from sudden crashes.
5. Avoid leverage at first
- Trading with leverage (like 10x or 100x) can amplify profits, but it also amplifies losses.
- Best for beginners: regular trading (Spot) without leverage.
6. Diversify your portfolio
- Do not put all your money into one coin.
- Diversify your investment between large and medium coins.
7. Be cautious of scams
- Binance is safe, but beware of:
- Phishing messages that ask for your information.
- Scam projects that promise unrealistic returns.
8. Take advantage of Binance features
- Binance Earn: for earning returns through saving or Staking.
- Binance Launchpad: for investing in new projects with good offers.
- Automated trading (Bots): but it requires experience.
9. Risk management
- Do not invest more than you can afford to lose.
- Set your target profit (TP) and stop-loss (SL) levels.
10. Practice first with a demo account
- Binance offers a simulation mode (Testnet)** for trading with fake money.
Summary: The best strategy for beginners
1. Start learning (Binance Academy + YouTube).
2. Practice on a demo account.
3. Invest small amounts in spot trading.
4. Use Limit and Stop-Loss orders.
5. Avoid leverage and unknown coins.
6. Keep a portion of your long-term investment (HODL).
⚠️ Remember: Trading is risky, so don't rush to take profits, and learn from mistakes
