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🟢 First steps in trading on Binance - for beginners 🟢
If you are just starting your trading journey, do not rush to open your first positions. The most important thing at the beginning is observation and learning:
🔹 Follow the market daily - check how prices behave in the short (hourly), medium (daily), and long (monthly) timeframes. This way, you will see the differences in trends.
🔹 Analyze charts - learn to recognize moments of increases and decreases, support and resistance.
🔹 Follow posts and opinions of other traders - note their forecasts and check after 2 weeks whether they actually matched the market. This is a great way to distinguish real analyses from random opinions.
🔹 Start cautiously - only after about 2 weeks of observation, try your first small transactions. Do not invest large amounts right away - at the start, it is crucial to understand the market and learn to control emotions.
👉 Remember - patience and consistency are key. It is better to observe and learn first than to lose money due to hasty decisions.