I've recently started trading on Binance and wanted to share a few tips that might help fellow beginners:
1. Do Your Own Research (DYOR): Don’t just follow others blindly—take time to understand the market yourself.
2. Risk Management: Never invest all your funds in one trade. Try to use only 5-10% of your capital per trade.
3. Use Stop Losses: They can protect your investment from unexpected drops.
4. Avoid FOMO: Jumping into a trade just because others are profiting often leads to losses.
5. Learn to Exit at the Right Time: Knowing when to exit, both in profit and loss, is a key skill in trading.
I'm still learning every day. If you have any helpful tips or resources to share, please drop them in the comments!