Basics of Trading for Beginners on Platform #Binance . . .
1. Set Your Goal: Do you want monthly profits? Or long-term savings?
2. Set a Fixed Budget: For example, $10 or $20 monthly just for trading, and do not invest all your savings.
3. Ensure Security: Enable Two-Factor Authentication (2FA).
Do not click on any links from untrusted channels.
Safe investment methods on Binance:
1. Auto-Invest
Good for beginners; automatically buy popular coins like BTC or ETH or BNB every month.
Profits are added automatically and can be tracked.
✅ Tip: Enable the "Automatically Reinvest Profits" option.
2. Simple Earn - Flexible
Like a savings account for cryptocurrencies, where you earn daily interest.
Use it for coins like USDT or BNB.
3. Manual Profit Accumulation and Withdrawal
If you want to keep your capital in auto-invest,
and only withdraw profits to your wallet or to a stable coin (like USDT).
Third: Here are some popular and relatively more stable coins: | BTC | ETH | BNB (Binance Coin itself)
📊 Fourth: Monitor and Analyze Performance
Monitor the Auto-Invest tab > then track the daily return for each coin.
Follow the news only from the official announcements page.
Do not buy a coin just because it is currently rising. It often drops after a sudden increase.
🛑 Fifth:
Do not enter futures trading now, as it is highly risky.
Do not trust "paid recommendation groups."
Do not keep all your balance in unstable coins.