Thank you Binance, from the 5th of last month to today, September 12th, all in real trading! One month and 7 days, 1,000,000 USD grew to 4,000,000 USD, thanks for witnessing all the way! I haven't sent a red envelope, but I'll try sending 10,000 USD to see how this function works. If it's good, I'll send more in the future!
Thank you Binance, from the 5th of last month to today, September 12th, all in real trading! One month and 7 days, 1,000,000 USD grew to 4,000,000 USD, thanks for witnessing all the way! I haven't sent a red envelope, but I'll try sending 10,000 USD to see how this function works. If it's good, I'll send more in the future!
For anyone who wants to earn for free through Telegram bots I am working on 3 bots and I have made some simple profits from them, and with persistence, you can earn about 2 or 3 dollars per day from one bot.
Recent studies (2024) indicate that more than 70% of losses for individual traders are purely psychological, not due to a lack of knowledge.
🔹 Common psychological mistakes:
Greed: entering large trades in hopes of a huge profit.
Fear: exiting a successful trade too early due to excessive anxiety.
Revenge trading: trying to quickly recover losses with reckless trades.
📌 Practical advice: Write a pre-trading plan (including entry and exit points), and do not change it during the trade no matter how strong your emotions are.
Technical and Fundamental Analysis: Essential Tools
Technical Analysis: Relies on reading charts and indicators. Such as moving averages (MA), Relative Strength Index (RSI), and candlestick patterns.
Fundamental Analysis: Focuses on news and economic data, such as blockchain updates, government decisions, or central bank movements.
📌 Recent Example: In April 2024, the price of Bitcoin rose after the U.S. Securities and Exchange Commission (SEC) announced the approval of the first spot Bitcoin ETF. This is a clear example of how fundamental analysis can change market direction.
What are the basics of trading and why are they important?
Trading is no longer exclusive to banks or large institutions; today anyone can open an account on a platform like Binance or Coinbase and start trading. But the problem is that most beginners enter the market without understanding the basics, which causes a large percentage of them to lose their capital.
🔹 The basics of trading include:
1. Capital Management (Risk Management): Determining the risk percentage in each trade (usually no more than 1–2% of capital).
2. Clear Strategies: Do not enter the market randomly, but define your method of operation (such as trading patterns or indicators).
3. Market Reading: Through technical and fundamental analysis.
4. Psychological Control: Greed and fear are the biggest enemies of the trader.
Without these rules, any profit will be just luck, and it won't last long.
Despite legal and political challenges, Binance still maintains its position as the largest trading platform.
🔹 Future Trends (2025 and beyond):
Increased legal compliance: to avoid any new bans or restrictions.
Expansion in the Middle East and Africa: where the market is still growing rapidly.
Focus on Web3 and DeFi: as the future is heading towards decentralization.
Support for Central Bank Digital Currencies (CBDCs): Binance is expected to add broader support for these government-issued digital currencies.
Conclusion: Binance is undergoing a transitional phase, but it remains a key player, and is likely to stay the leading platform globally for years to come.
Binance is not just limited to regular trading; it has become more like a complete digital bank in the crypto world.
Some of the prominent new services:
1. Binance Pay: A digital payment method that allows the use of cryptocurrencies for real purchases (expanded further in 2024–2025 with new stores and companies).
2. Binance Web3 Wallet: An integrated wallet with the platform that allows users to easily access blockchain applications (dApps).
3. Binance AI Bot: A new tool based on artificial intelligence to help traders create automated strategies and predict trends.
4. DeFi Products: Such as decentralized savings, lending, and participation in smart contracts.
These services have made Binance more than just a trading place; it has become a complete digital financial system.
There are reasons that have made Binance the top destination for millions of traders:
1. Variety of tools: Whether you are a beginner or a professional, you will find what suits you.
Spot trading.
Futures contracts with leverage up to 125x.
Simple strategies like 'buy and hold' through Binance Earn.
2. High liquidity: Binance has the highest liquidity in the market, making order execution fast and without significant slippage.
3. Security: Despite some previous attacks (such as the 2019 hack), Binance has developed very strong protection systems like the SAFU Fund, which is an insurance fund to protect users' funds.
4. Continuous innovation: Binance frequently launches new tools such as artificial intelligence in trading and products related to Web3.
The Binance platform (Binance) is one of the largest and most popular cryptocurrency trading platforms in the world, founded in 2017 by Changpeng Zhao (CZ). In a very short period, it became the number one platform globally in terms of daily trading volume and number of users.
🔹 Key features of Binance:
It offers more than 350 cryptocurrencies for trading.
Very low trading fees compared to competitors.
Support for spot and instant trading, futures, and options.
An integrated wallet for storing cryptocurrencies.
It offers additional products such as: Binance Earn (for saving) and Binance Launchpad (for new token offerings).
Today, Binance is more than just a platform; it is a comprehensive financial system in the crypto world.
Many experts believe that Bitcoin will continue to grow over the years. Some predictions see it becoming a global currency, while others view it merely as an investment asset like gold.
🔹 Indicators of its future:
Adoption by major companies like Tesla and PayPal.
Interest from banks and investment funds in purchasing it.
The trend of some countries (like El Salvador) to adopt it as an official currency.
And with its limited supply, as demand increases, its price may rise even more in the future. $BTC
Bitcoin is the first digital currency that appeared in 2009, created by an unknown person named Satoshi Nakamoto. Its goal was to create a decentralized financial system that allows people to transfer money without the need for a bank or intermediary.
🔹 Key features of Bitcoin:
Limited to only 21 million coins.
Operates through a blockchain network that records all transactions transparently.
Cannot be manipulated or counterfeited like paper currencies.
Today, Bitcoin is considered “digital gold” due to its scarcity and high value. $BTC
Many experts believe that digital currencies may become the currency of the future, especially with governments expanding the creation of digital versions of their currencies (CBDC). However, success remains tied to the level of acceptance by people and the regulation of this technology by governments.