These words are for you, and I want you to read them attentively.
Always remember one thing in life: success will never come by following others blindly. If you want to achieve success, learn something yourself and apply it.
In Binance Square, many people provide different kinds of trading signals. But when I look at them, I think—if they are giving trading signals, why can’t they become millionaires through trading? This question still lingers in my mind, and I haven't found the answer yet.
People do so much just to earn a little money from Binance Square. Even if 100 trades are correct, 70 might be wrong. I have never seen real million-dollar traders giving trading signals. Those who post trading signals on Binance Square have only one goal—to earn dollars from Binance Square.
If their trading signals turn out to be right, they will post about them. But if you incur losses, they won’t take any responsibility for it. That’s why I am warning you—stay away from them. Don’t fall into their trap because of your greed for dollars.
God has given you intelligence, so use it wisely. Learn trading on your own, then apply your knowledge. If you work hard, success will come to you one day.
Always remember: Hard work is the key to good fortune.
So, instead of wasting time and money waiting for their posts, spend that time attending trading classes and analyzing charts. Practice demo trading to improve your skills. Once you’ve mastered it, use your own expertise to trade on Binance. $PEPE $RED $BMT
#TradingPairs101 A trading pair represents two different currencies you can trade between. For example, BTC/USDT means you can trade Bitcoin for Tether (USDT) and vice versa. The first currency is the “base,” and the second is the “quote.” You’re basically buying or selling the base currency using the quote currency. Understanding trading pairs is important for managing your trades effectively. Some exchanges offer crypto-to-crypto pairs, like ETH/BTC, while others offer fiat pairs like BTC/USD. Choosing the right pair can reduce trading fees and maximize profit opportunities. Always check volume and spread before selecting a pair.
#CEXvsDEX101 Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are the two main platforms in crypto trading. CEXs like Binance and Coinbase are easy to use, offer high liquidity, and support fiat currencies. However, they hold your funds, which can be a risk if the exchange gets hacked. On the other hand, DEXs like Uniswap or PancakeSwap let you trade directly from your wallet, offering more control and privacy. But they may have lower liquidity, higher fees, and a more complex interface. Both have their pros and cons, and choosing between them depends on your needs and experience.
#OrderTypes101 Order types are an important part of trading strategy. The most basic is the market order, which executes immediately at the current market price. Then there's the limit order, where you set the price at which you want to buy or sell — it gives better control, but it might not fill immediately. Another type is the stop-limit order, which becomes a limit order when a certain price is reached. There’s also the stop-market order, triggering a market order when a certain price is hit. Understanding order types helps minimize losses and maximize profits during volatile market conditions.
Today I opened a trade in the BTC/USDT market using a 4-hour chart. I saw a nice bounce with strong RSI and MACD indicators, so I entered the trade. I used $100 capital and closed the trade with around 3% profit. I also checked news and market sentiment before entering. Sometimes I lose, but I always manage my risk with stop-loss. I also made a small trade in SOL/USDT today. I try to do 2-3 trades daily and keep a trading journal to learn from mistakes and improve my strategy over time.
I recently upgraded my crypto portfolio by adding some promising projects like $INJ and $RNDR. Both coins are related to AI and DeFi, which are expected to grow significantly. My portfolio is now 50% in stable assets like $BTC and $ETH, 30% in medium-risk coins, and 20% in high-risk high-reward tokens. I regularly review my portfolio and rebalance based on market conditions. I also keep a part of my funds in $USDT and $USDC for emergencies and quick trades. I believe a well-diversified portfolio is key to long-term success in crypto.
$USDC is a stablecoin that is pegged 1:1 with the US Dollar. It is issued by Circle and is one of the most trusted stablecoins in the crypto space. I often convert my crypto profits into USDC to protect them during market volatility. Many exchanges and DeFi platforms accept USDC, making it highly useful. I also use it for yield farming and low-risk earning strategies. Compared to other stablecoins, I prefer USDC due to its transparency, audits, and backing by real-world assets. It’s a great option for both traders and investors😌
#BigTechStablecoin Big tech companies are slowly entering the crypto space by working on their own stablecoins. These coins are usually pegged to the US Dollar and are meant for use in their ecosystems. For example, Meta (formerly Facebook) had introduced the Diem project. If implemented successfully, stablecoins from big tech firms can revolutionize online payments, digital rewards, and even e-commerce. However, there are challenges like government regulations, data privacy, and trust issues. Still, if adopted, these coins can bring billions of users into the crypto world.
#CryptoFees101 Crypto fees are an essential part of blockchain transactions. These fees help keep the network secure and functional. For example, Ethereum uses gas fees while Bitcoin has miner fees. The fees can vary depending on network congestion or transaction size. Some exchanges charge a fixed fee, while others take a percentage. To save costs, many traders prefer using blockchains with low fees like Tron or Solana. Understanding how crypto fees work helps in better decision-making and cost management in trading or transferring funds. Always check the fee before confirming a transaction.