Trading on Binance involves buying and selling cryptocurrencies on one of the largest exchange platforms in the world. Here is a simplified guide to understand how it works:
đ§Ÿ 1. Account Creation
Sign up at binance.com.
Verify your identity (KYC).
Enable security (2FA).
đ± 2. Deposit Funds
Fiat: You can deposit euros via credit card, SEPA transfer, etc.
Crypto: If you already have cryptocurrencies, you can transfer them to your Binance wallet.
đ 3. Choose a Trading Type
a. Spot Trading
You buy and sell cryptocurrencies directly.
Ex.: buy 0.1 BTC for USDT.
b. Margin Trading
You borrow funds to increase your leverage.
Risky: beware of liquidation.
c. Futures (contracts for difference)
You can bet on the rise or fall of a cryptocurrency with leverage.
Very high risk, reserved for experienced traders.
đ ïž 4. Place an Order
Market Order: immediate execution at the best available price.
Limit Order: you choose a price, and the order executes only if that price is reached.
Stop-limit / stop-market Order: useful for cutting losses (stop-loss) or taking profits (take profit).
đ 5. Use the Tools
Charts (integrated TradingView).
Technical indicators: RSI, MACD, moving averages...
Order books, volumes, order books.
â ïž 6. Risk Management
Never trade more than you are willing to lose.
Use a stop-loss.
Start with small amounts.
Stay informed regularly.
đ§ 7. Training and Practice
Binance Academy: https://academy.binance.com
Try the simulation mode (testnet) to practice without risking your money.
Do you want:
A step-by-step tutorial?
Trading strategies (scalping, swing, DCA, etc.)?
Technical analysis of a particular cryptocurrency?
I can help you dive deeper according to your level (beginner, intermediate, advanced).
