1. Use the advanced trading interface (Advanced Interface)
Provides powerful technical analysis tools from TradingView.
Effective for applying strategies like: Support/Resistance, chart patterns, momentum indicators.
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2. Activate the "OCO" (One Cancels the Other) feature
Allows you to set a take profit and stop loss at the same time.
Example:
Buy BABYDOGE at 0.0000000017
Place a sell order at 0.0000000020 (Take Profit)
And a stop-loss order at 0.0000000016
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3. Don't use all your capital in one trade
Golden Rule: Don't risk more than 1–3% of your capital on a single trade.
Diversify your investments across multiple coins or trades.
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4. Use the trade history to review performance
Binance provides daily and weekly reports to monitor profits and losses.
Use it to identify your weaknesses or unsuccessful trades.
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5. Don't enter trades without a clear plan
Always define:
Where will you enter?
When will you exit?
What is the stop-loss level?
What is the profit target?
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6. Follow market signals from Binance Feed and Binance Live
Binance provides live analytics and updates from professionals.
Follow it to benefit from news and community movements.
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7. Don't trade during major news events without a plan
News (like U.S. interest rate decisions or strong Bitcoin movements) can impact the market violently.
Sudden uncontrollable fluctuations may occur.
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8. Use "Testnet" or a demo account
Test your strategy risk-free through the Binance demo account:
testnet.binance.vision (for futures testing)
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9. Beware of "psychological traps" in the market
FOMO (Fear of Missing Out): Don't enter just because everyone is talking about the coin.
FUD (Fear, Uncertainty, Doubt): Don't sell just because of a slight drop if your strategy is long-term.
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10. Activate full account security
Enable two-step verification (2FA) using Google Authenticator.
Enable withdrawal protection from a specific address only.
Regularly monitor account login notifications.
