Binance is one of the largest cryptocurrency trading platforms, and it offers many opportunities to make profits without deposit. But making $10 a day can be a challenge without investing capital. However, here are some ways available on the platform to make money without deposit:
Trading (trading in financial markets) is the process of buying and selling assets such as stocks, currencies, commodities, or cryptocurrencies with the aim of making a profit from price changes. Here is a simple guide to getting started with trading:
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### **1. Learn the basics** - **Understanding the types of markets**: - **Stocks**: Buying shares in companies. - **Forex**: Trading foreign currencies (such as EUR/USD).
Customer Concerns About New Cryptocurrencies: A Detailed Look New digital currencies, such as cryptocurrencies and centralized digital currencies, raise a wide range of concerns among potential customers and investors. These concerns vary and evolve as technology and regulatory policies evolve. The most prominent concerns facing new digital currencies:
Cryptocurrency Market Downturn: Overview and Possible Causes The cryptocurrency market has seen significant volatility recently, including periods of sharp declines in its market value. This decline has raised many questions about its causes and potential impact on investors and the digital economy in general. Possible reasons for the decline in the cryptocurrency market:
The digital currency market is full of violent fluctuations and is not normal like other markets. In order to succeed in it, you must be psychologically strong away from the influence of emotions.
* Don't be happy with the rise *: The psychological aspect behind this advice is that joy may push you to increase your risks or false confidence that may lead to wrong decisions.
Don't be sad about the decline: Perhaps the reason for this is that fear and regret begin to enter you and also lead to wrong decisions (you say to yourself I wish I had not entered the market or known it).
* Don't get bored with stagnation: * The sideways movement is a time for planning, and if boredom creeps in, it may push you to end the psychological pain you feel by exiting the deal (whether I lose or win, both are the same).
🥇 * Control your emotions: * The market is unforgiving of random decisions. Patience and logical thinking are the key to success
The market is a difficult psychological test, if you succeed in it, God will not stop you.
*You are a successful steady investor when you find yourself like this* Up 🗿 Down 🗿 Sideways 🗿
﴾So that you will not grieve for what has escaped you nor rejoice over what He has given you﴾
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Shooting Star candlestick, a pattern of Japanese candlesticks used in technical analysis. The lesson can be summarized as follows:
Definition of Shooting Star candlestick:
Candle name: Shooting Star candlestick.
It appears after an upward trend, and often indicates a possible trend reversal.
The candle is at resistance levels or the top of the trend.
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Description of the candle:
It consists of a small body located at the bottom of the daily trading range.
The length of the upper shadow is approximately three times longer than the length of the candle body.
The lower shadow is often very small or non-existent.
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Its significance:
It means that buyers tried to push prices up, but sellers eventually prevailed and closed the candle near the opening price.
Expected: Prices will fall if the next red candle confirms the downward trend.
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Important notes:
If the red candlestick closes after the shooting star at a price lower than the shooting star's close, this increases the possibility of a decline.
It is advisable to pay attention to the trading volume; The increased selling volume after the shooting star candlestick supports the idea of a reversal.
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Example:
A practical example from the AOL chart is provided to show how the shooting star candlestick contributed to confirming the reversal after an uptrend, with increased selling volume.
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Note:
The saying goes that "a shooting star falls from the sky", indicating a strong decline after the appearance of this candlestick.
The Japanese candlestick, known as the "Inverted Hammer", is one of the patterns that appear on the charts and is considered one of the important technical signals in technical analysis.
Key points for explanation:
1. Definition of the Inverted Hammer:
It is a candle that usually appears after a downtrend at support levels, and indicates a possible reversal of the trend to an upside.
2. Description:
The candle consists of a small red or green body.
It has a very long upper shadow compared to the length of the lower shadow and body.
The length of the upper shadow is preferably twice the length of the candle body.
3. Expression of the pattern:
It reflects that buyers pushed the price up during the session, but sellers returned the price to close near the opening.
It indicates that the downward momentum may weaken, and the possibility of the market rising is possible.
4. Expectation:
If the candle is followed by an uptrend in the next session and prices close above the upper shadow, it is a confirmation of a reversal of the trend to an upside.
5. Importance of the chart:
The attached chart shows the appearance of the inverted hammer pattern in the "Microsoft" stock in 2002 and how it was followed by a price rise after the appearance of the candle.
Conclusion:
The inverted hammer pattern is a potential signal of a market recovery after a downtrend, but it requires confirmation with a subsequent bullish session.
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Interpretation: It indicates that the currency price is likely to fall because buyers have left the market, leaving selling pressure in control.
2. Green Spinning Tops:
Expectation: Bullish market.
Interpretation: It indicates that the currency price is likely to rise because sellers have left the market, leaving buyers in control.
Characteristics of a Spinning Top:
Small body indicating convergence of the opening and closing prices.
Long upper and lower shadows, indicating indecision between buyers and sellers.
Practical use:
When you see Spinning Tops on a chart, they often indicate indecision in the market and may predict a potential reversal if they appear in strong support or resistance areas.