Trading with a small capital like $100 requires a different strategy than trading with a large capital, as you should focus on making small but frequent profits with careful risk management. Here is a detailed plan for trading $100 on the Binance platform: ▪︎ Capital Distribution: - $50 (50%): Cryptocurrencies with high liquidity and growth potential (such as BTC, ETH, or BNB).
Avoid websites, videos, or topics that provide recommendations. Let your research be limited to websites, videos, or topics that teach explanations about trading, cryptocurrencies, or what indicators or methods are, not those that have titles like (How to earn 100 dollars in a day or how to earn 50 in half ... etc).
The biggest source of learning is the field itself, so you need to learn by yourself through real experience, but do not invest more than 5 dollars.
The amount and percentage of your profit in the small amount is what will happen when you enter with a larger amount.
In summary: If you can turn 5 dollars into 10 dollars, then you are ready to trade.
For the trader who wants to earn halal and does not use financial leverage or usurious transactions.
Since we are in the month of goodness and benevolence, you must give zakat on your assets, so that Allah blesses your money and you receive success, help, and provision from Him, and He keeps you away from great losses and wards off calamities from you.
The calculation of zakat on cryptocurrencies depends on several legal principles, the most important of which are:
1. Nisab: This is the minimum value of cryptocurrencies that requires zakat. The nisab varies based on the types of cryptocurrencies, and it is usually determined based on the nisab value of gold or silver.
2. Hawl: This refers to the completion of a full lunar year of owning the cryptocurrencies that have reached the nisab. If the value of the currencies reaches the nisab at any time during the year, zakat must be calculated on them at the end of the hawl.
3. Amount: This is the percentage that must be given from the value of the cryptocurrencies that have reached the nisab and have completed the hawl. The amount of zakat is 2.5% of the total value of the currencies.
Using the approved gold standard, the current nisab is equivalent to $4144.6, which is a fairer measure of wealth.
Have a blessed month and may you all be well every year.
Dear trader, if any currency drops and it is a stable currency and not a new one, never sell.
Instead, take advantage of the drop if you still have an amount to strengthen; buy on the dip to benefit when it rises, gaining additional profits or, at the very least, reducing your losses by changing the cost level percentage.
Do not buy or sell a currency under the influence of posts or topics that talk positively or negatively about a currency such as:
This currency will rise to the moon.
This currency will reach 30 dollars this week.
This currency is a failure and will collapse.
This currency is a scam and will drop to 0.1.
And others, ...
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Those who write these topics fall into two categories:
1- Digital flies associated with whales trying to influence the market and drag traders behind their goals, whether it be an increase or a decrease.
2- Traders who own this currency (surely, those who want the currency they own to rise will speak positively about it, and those who want it to fall to buy will speak negatively).
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Therefore, always conduct your own research and ensure the trading volume and liquidity regardless of the candles.
According to my analysis, what Trump will do in the market is as follows:
1. "Liquidity Control Plan": • Focusing on specific currencies: - Selecting currencies with medium market capitalization (like SOL, ADA, XRP) that can be easily influenced in price through political statements or bulk purchases. - Mentioning high market cap currencies like (BTC - ETH) marginally to divert attention from the real targets.
When a currency rises or falls rapidly without any news affecting the market, before you decide to buy or sell, check other currencies to see if there is a rise or fall at the same moment. This is not a normal rise or fall and may be due to a whale who has sold or bought, so do not be affected or rush into making a decision.
I believe that Trump's purchase of $25 million for the currency
$MOVE and $WBTC
forebodes one of the possibilities:
Either he wants people to gravitate towards it to distract them from other currencies that are likely to rise on the Friday of the cryptocurrency summit at the White House, then sell it off and it will plummet violently, resulting in the liquidation of those who entered it.
Or these currencies that were purchased are the ones that will rise, but he promoted ADA and XRP for the same previous purpose.
As for their purchase of currency #ETH and the mention of Bitcoin, it is merely for camouflage as if they are focused on more than one currency.
Remember that Trump is a cunning businessman who has no principles and can turn on his allies, so expect anything from him.
In general, everyone should be cautious about buying or entering into deals or trading with these currencies only; rather, there should be a greater focus on stable currencies.
And these currencies can be utilized for quick speculative trades where selling and taking profits can be done immediately.
I also believe there will be a significant drop in currencies before the summit, so everyone should hold onto their currencies and no one should sell at a loss, and everyone should monitor the market and conduct their own research.
This is not financial advice, it is just what I believe, and God knows best.
These currencies are often linked to projects aimed at using blockchain technology in the cannabis industry.
Currencies associated with casinos and gambling:
EDG, FUN, BET, ETN:
These currencies aim to facilitate transactions in the online gambling industry.
They are used to create decentralized gambling platforms, or to provide secure and fast payment methods for bets.
Currencies that raise usury (interest) suspicions: SALT, LEND, XDN, CCN:
These currencies operate on lending platforms or other financial services.
Usury suspicions are raised about them due to their operational mechanisms that may involve charging interest on loans or payments.
Currencies associated with pornographic content:
KNC, FAP, TIT, SXC, LGD, SPANK:
These currencies are linked to sites and platforms that provide pornographic content.
They are used to pay for services or content, or to create decentralized platforms for this type of content.
Other suspicious currencies: RISE: Designed for homosexuals, this type of currency may aim to support the LGBTQ+ community or provide services for them.
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The above information is extracted from public sources and may not be 100% accurate. You should always conduct your own research before making any investment decisions.
Avoid any transactions that involve usury or gambling, or trading in currencies associated with pornographic or gambling companies or suspicious activities.
Because no matter how much you earn and no matter what your profits are, be sure that you are losing first in this world and then in the hereafter, because your adversary is God.
{ O you who have believed, fear Allah and give up what remains of interest, if you should be believers. And if you do not, then be informed of a war from Allah and His Messenger }
Always strive to earn lawful income through legitimate transactions and trading.
{ And Allah has permitted trade and has forbidden usury }
Finally, I pray to Allah to grant me and you lawful sustenance and to keep us away from everything that incurs His wrath.
Tips that, if followed, may bring you success from Allah
Halal trading requires adherence to Islamic principles, especially in avoiding Riba (interest) and prohibited speculation. Here are some tips for halal trading on the Binance platform:
1. Choose assets that comply with Sharia: - Avoid trading in assets that involve interest or are associated with prohibited activities (such as alcohol, gambling, pork, etc.).
Since the beginning of my journey in the world of trading, I have sought and resolved not to enter into usurious, forbidden or suspicious deals or operations, and thank God I have achieved large profits and losses that are almost negligible compared to what I have earned, and all of that is thanks to God, His generosity and kindness.
However, last week I received a resounding slap that I have not received since entering this field, which was caused by a significant decline in most currencies, which led to large losses in my assets, because I was negligent and did not pay attention to taking the necessary precautions to stop losses and set a limit to take profits, and I believe that this is nothing but a marginal mistake.
My biggest mistake was buying Trump's currency, and I believe that I deserve all these losses because I bought this currency while negligent, ignoring the fraudster Trump's participation in the suffering and blood of the children and women of Gaza.
But God willing, I will benefit from this lesson and seek to compensate for what I lost, and also seek to stay away from currencies, services or products related to those who are besieging our people in Gaza.
What about you, what are your experiences with this currency? ⁉️
Notes for beginner traders or those who do fast trading! 🚀
If you are one of those people who rely on fast trading to make quick profits (even if they are small), do not neglect these tips that may preserve and increase your profits!
1. Pay attention to fees! 💸 When trading instantly, always make sure to consider the fees that are deducted when buying and selling.
- Example: If you aim to make a profit of $ 1, make sure that the fees are not $ 1 or more, otherwise you will not make any profit and may incur a loss!
- Remember: fees are calculated based on the amount you buy or sell, and there are fees for buying and fees for selling.
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2. Take advantage of the fee discount using #BNB 💡 - Activate the fee discount option by paying it in Coin BNB, as you will save part of the fees.
- Note: You must have sufficient balance of #BNB in your wallet, otherwise the fees will be paid in full without any deduction.
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3. Check out the FAQ ❓ Feel free to visit the FAQ section on the platform to learn all the details about fees, their percentage, and how they are calculated. This step will help you avoid unpleasant surprises!
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Spot trading requires precision and focus, especially in managing costs. Don't let fees eat into your profits! 💪