🌟 Essential tips for beginners on Binance
Learn the basics before trading Familiarize yourself with the Binance interface, order types (market, limit, stop-limit), and how they work.
Only invest what you can afford to lose Set a clear budget and stick to it. Never put all your funds into a single cryptocurrency.
Start with spot trading Avoid futures and margin at the beginning, as they involve high risks.
Use stop-loss and take-profit orders They protect you from large losses and secure profits when the price reaches your target.
Apply the DCA (Dollar-Cost Averaging) strategy Buy small amounts periodically instead of trying to guess the best moment.
Study basic charts and patterns Use simple tools like moving averages and support/resistance levels to make more informed decisions.
🚨 Common mistakes to avoid
Entering the market without prior training.
Investing large sums at once.
Getting carried away by emotion or fear.
Not diversifying your portfolio.
Ignoring commissions and costs of each transaction.
📊 Comparative table: Good practices vs. Common mistakes
Good practices
Common mistakes
Studying basic concepts
Trading without understanding orders
Defining a budget
Betting everything on a single asset
Spot trading
Using margin/futures without experience
Stop-loss and take-profit
Not protecting against losses
DCA strategy
Trying to "guess" the market
Analyzing simple charts
Trading solely by intuition
