This post is very important for anyone who is a beginner and wants to enter the trading field based on my real experience
Brant Sommerfeldt tR6N
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🔒 Steps for Safe Trading on Binance ✅
If you want to enter the trading world with confidence and without significant risks, here are the most important steps you need to adhere to:
1️⃣ Invest a lot... but only 10% of your capital! No matter how tempting the deal is, do not risk more than 10% of your capital in any trade. This is the first rule to protect your account.
2️⃣ Keep your capital large and sufficient (and even more)! The more your capital increases, the better your ability to withstand and the fewer chances of sudden liquidation. Prepare yourself well.
3️⃣ Work with cross margin trading, not isolated! Cross margin trading protects you from rapid liquidation and gives your account more security in times of volatility.
4️⃣ Maximum leverage = 10X only There is no need to risk with high leverage. High leverage = greater risk. 10X is more than enough to achieve your goals safely.
5️⃣ Trade only strong currencies 💪 Do not distract yourself among hundreds of currencies. Stick to reliable currencies with high liquidity.
6️⃣ Follow a well-thought-out plan and strategy 🎯 Randomness in trading = guaranteed loss. Your plan is both your shield and your weapon at the same time.
⚠️ These steps won't make you rich overnight, but they will protect you from liquidation (God forbid) and will lead you to your long-term goals.
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