firsttrade

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