spot

When starting out, most beginners focus on price movements.
What often gets ignored are trading fees — even though they quietly affect every trade.
This post explains what trading fees are, how they work, and why they matter more than you think.

🔹 What Are Trading Fees?

Trading fees are small costs you pay every time you place a trade.
They apply when you:
* buy crypto
* sell crypto
* open or close certain positions
Even though each fee looks small, they add up over time.

🔹 Maker vs Taker (Simple Explanation)
You’ll often see two types of fees:
Taker:
* You place an order that gets filled immediately
* You “take” liquidity from the market
* Usually slightly higher fee
Maker:
* You place an order that waits to be filled
* You “add” liquidity to the market
* Usually slightly lower fee
👉 Beginners usually start as takers, and that’s completely normal.

🔹 Why Fees Matter More Than Beginners Expect
Let’s say you:
* make many small trades
* enter and exit positions frequently
* trade emotionally
Each trade = another fee.
Even if your trades are “right”, fees can slowly reduce your overall results.
This is why overtrading is one of the most common beginner mistakes.

🔹 Fees vs Strategy
A simple strategy with fewer trades often:
* pays fewer fees
* has less stress
* is easier to manage
Complex strategies with constant trading:
* increase costs
* increase mistakes
* require more experience
Fees reward patience, not activity.

🔹 Spot vs Futures (Fees Perspective)
Spot:
* Simple buy and sell fees
* Easy to track
* No funding rate
Futures:
* Trading fees plus
* Funding fees (periodic payments)
* Higher overall cost if positions are held too long
Many beginners underestimate how Futures fees work over time.

🧠 A Small Tip That Makes a Big Difference
Understanding fees early helps you:
* avoid unnecessary trades
* plan entries and exits better
* focus on quality over quantity
You don’t need to eliminate fees —you just need to respect them.

📌 Final Thoughts
Trading fees are not a problem — ignoring them is.
If you’re new:
* trade less
* trade thoughtfully
* track your fees
Small costs, repeated often, can make a big difference.

#tradingfees #Beginnersguide #Spot #futures
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This is a big day.
Up to now, we’ve been learning concepts, numbers, and market behavior.
Today, we finally connect learning to action.
Welcome to Day 17 of the 90-Day Crypto Learning Challenge 🚀
Let me walk you through how to place a spot trade on Binance — slowly and safely.
No rush. No pressure.
Step 1: Go to the Spot Market
First things first:
Log in to your Binance account
At the top menu, click Trade

Choose Spot
This will open the spot trading screen.

What you see here:
A price chart
An order book (buyers & sellers)
An order panel (where trades are placed)
📌 Don’t get overwhelmed — today, we only focus on the basics.
Step 2: Choose a Trading Pair
On the right side, you’ll see a long list of trading pairs.
Use the search bar to find what you want, for example:
BTC/USDT
ETH/USDT
Here’s what a pair means (very important):
First coin = what you’re buying or selling
Second coin = what you’re paying with
Example:
BTC/USDT → you buy or sell Bitcoin using USDT
📌 You always trade one asset against another.
Step 3: Understand the Order Panel (Where Trades Happen)
Below the chart, you’ll see the order panel.
Make sure:
Spot is selected (not futures)
This is where you choose how you want to trade.
Step 4: Order Types (Keep It Simple)

✅ Market Order (Best for Beginners)
This order buys or sells immediately at the current price.
How to use it:
Select Market
Enter the amount you want to buy or sell
(or use the percentage slider)
Click Buy or Sell
📌 Simple, fast, no waiting.
🟡 Limit Order (When You Want a Specific Price)
This lets you choose your own price.
How it works:
Select Limit
Enter:
Your price
The amount
Click Buy or Sell
Your order will wait until:
Price reaches your level
Or you cancel it
📌 This teaches patience and planning.
⚠️ Stop-Limit Order (Just Know It Exists for Now)
This is used for:
Stop losses
Taking profit automatically
📌 We’ll cover this in detail later in the challenge.
For now, understanding is enough.
Step 5: Monitor Your Trade
After placing an order:
Market orders → filled instantly
You’ll see them in Order History
Balance updates in your Spot Wallet
Limit orders → stay open
You can track them in Open Orders
Cancel anytime if needed

📌 Always know where your order is.
The Big Takeaway (Very Important)
Spot trading is where beginners should start.
Simple orders. Real ownership. Lower risk.
You don’t need speed.
You don’t need big size.
You need understanding.
Let’s Continue the Challenge Together
If you reached this day — you’re doing great.
👉 Save this post before placing your first spot trade
👉 Comment “DAY 17” if you’re still learning with me 🚀
Slow steps today = fewer mistakes tomorrow.
#Spot #tradingtechnique #FirstTrade

When you open Binance for the first time, two options stand out very quickly: Spot and Futures.
They sound similar, but they serve very different purposes.
This post explains what each one is and how it works, in simple terms.

🔹 Spot Trading – The Basics
Spot trading is the most straightforward way to use crypto exchanges.
How it works:
* You buy a cryptocurrency at the current market price
* You actually own the asset
* You can hold it, transfer it, or sell it later
Example:
You buy 0.01 BTC → it’s yours until you decide to sell.
What Spot trading is used for:
* Buying and holding crypto
* Long-term investing
* Simple buying and selling without borrowing money

Important characteristics:
* No leverage
* No liquidation risk
* Losses only happen if the price goes down and you sell
For most beginners, Spot trading is where learning should start.

🔹 Futures Trading – How It Works
Futures trading is a more advanced trading tool.
Instead of buying the actual cryptocurrency, you trade a contract that follows the price of the asset.
How it works:
* You open a position predicting price direction (up or down)
* You can use leverage (borrowed funds)
* Your profit or loss depends on price movement, not ownership
Example:
You open a BTC futures position with 10x leverage → small price movements can create large gains or losses.
What Futures trading is used for:
* Short-term trading
* Speculation
* Hedging (advanced use cases)
Important characteristics:
* You do NOT own the crypto
* Leverage amplifies both gains and losses
* Positions can be liquidated if price moves against you
Futures are powerful, but also very risky, especially for new users.

🧠 Key Thing to Understand
Spot and Futures are tools, not levels you must “unlock”.
Using Futures does NOT mean you are more advanced or smarter.
Many experienced traders still prefer Spot because it fits their strategy better.

📌 Final Thoughts
* Spot trading focuses on ownership and simplicity
* Futures trading focuses on price movement and leverage
* You don’t need to use both
* Understanding how they work is more important than using them

In the next post, I’ll break down Spot vs Futures more directly and explain why many beginners struggle when they jump into Futures too early.

#Spot #furures #Beginnersguide
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