I'm starting to look at cryptocurrency charts and at first they were like hieroglyphics to me 😅. But little by little I'm understanding the green and red candles, and how the price behaves. I still don't use technical indicators, but I can already see if a coin is going up or down. I'm practicing in spot trading mode with known pairs like BTC/USDT to see how the market moves. I'm very interested in learning technical analysis, although I know it takes time. What indicators do you recommend for beginners to start with? RSI? Moving average? #CryptoCharts101
#CryptoRoundTableRemarks After participating in these educational missions of Binance Square, I feel that I learned a lot in a short time. Before, I knew nothing about pairs, types of trading, or security, and now I have a foundation to continue growing. Even though I started with only 9 dollars and today I have 10, for me that is a symbol of progress. I really enjoyed reading comments from other users because I learned as much from their successes as from their mistakes. I hope to continue participating, learning, and sharing. Thanks to everyone who takes the time to teach newcomers. Let's go for more!
I discovered that there are tools that help a lot when it comes to trading. For now, the only ones I use are the ones that come within Binance, such as price alerts and the currency converter. I also tried using the basic and advanced modes to see the differences. I am interested in learning to use external tools like TradingView, but it still seems a bit complex to me. I want to take it step by step so I don't get confused. What was the first tool you used that really helped you? I am looking for recommendations to start using them correctly. #TradingTools101
Another beginner's mistake I made was entering the market without having a plan. I would buy just because I saw a coin was trendy, without looking at the chart or understanding the project behind it. I also once bought with all my small capital, leaving nothing in case the price dropped. That taught me the importance of diversifying and having patience. Now I try to research before buying, although I still have a lot to learn. The good thing is that each mistake leaves me with a lesson. What has been the mistake from which you learned the most? I would love to read your stories. #TradingMistakes101
Today I discovered that not all buy or sell orders are the same. As a beginner on Binance, I only used the market order because it was the quickest and simplest. But then I learned that there are other types like the limit order, which allows you to set a specific price, and the stop-limit order, which is used to reduce losses. I find it very useful, especially if you aren't watching the market all day. Now I try to use limit orders to avoid buying at a higher price. I still find it hard to understand the stop-limit, but I'm on my way. What is your favorite order type? #OrderTypes101
Something I didn't understand when I started was why I was losing small amounts when making trades. Then I learned that there are 'fees' or commissions that are charged for each transaction. On Binance, these commissions can vary depending on the type of operation and the level you have. I saw that if you pay with BNB you can get a discount on the commissions, which seems useful if you make a lot of transactions. Since I have little capital, I try to make few trades to avoid losing too much on commissions. Do you use BNB to pay less in fees? Any other tips to save? #CryptoFees101
As a beginner, one of my biggest fears is losing my funds due to poor security. I have learned some basic things that I now always apply: enabling two-factor authentication (2FA), never sharing my keys, and being careful with suspicious links. I also heard about cold wallets, which are used offline for greater security, although I still don't have one. I am being very cautious because every dollar counts for me. If I have already managed to go from 9 to 10 dollars, I don't want to lose it due to a silly mistake. What security advice do you recommend? 🔐 #CryptoSecurity101
One of the first terms I saw when I started on Binance was “trading pairs.” I didn't understand it well, but now I know it refers to two currencies that are exchanged with each other, like BTC/USDT or ETH/BUSD. I started with USDT because it is a stable coin and it’s easier to understand prices in dollars. It seemed complicated at first, but little by little I am understanding how to choose a pair that has good liquidity and low risk. I also discovered that not all pairs have the same volume. What was your first trading pair? Mine was BTC/USDT. #TradingPairs101
I learned that liquidity is super important in cryptocurrency trading. If a currency pair has good liquidity, it means that you can buy or sell quickly without the price changing much. Since I have little money, I am trying to trade popular pairs like BTC/USDT, which have high liquidity. If you choose a pair with low liquidity, it can cost you more to enter or exit a trade. I didn't understand before why sometimes the price would rise just when I bought, and now I see that it has to do with that! Did anyone else have that problem? 😅 #Liquidity101
Today I learned something new: the difference between centralized exchanges (CEX) and decentralized exchanges (DEX). As a beginner, I started using Binance, which is a CEX. It seems easier and safer for now, as it has customer support and a simple interface. But I also learned that in DEX you have more control over your funds, although that implies more responsibility and knowing how to use wallets like MetaMask. I would like to try a DEX in the future, but I still lack confidence. Do you use CEX, DEX, or both? What advantages and disadvantages do you see? #CEXvsDEX101
I am new to the world of cryptocurrencies and I'm still learning many things. I started with just 9 dollars and thanks to some rewards and missions, I'm already at 10! 😄 It may seem like a little, but for me it's a big step because every advance represents learning and motivation.
I am participating in a series of educational missions here in Binance Square, so I will be posting content with different hashtags like #TradingTypes101 and others. My goal is to learn, share what I understand, and also listen to advice from those who have more experience.
If you are also starting out or if you have been around for a while, I would love to read your thoughts and learn with you. 🚀