Salam, I'm Sadia Khan, 36, Muslim female from Houston, Texas, America. I'm back after 9 years on Binance Square.
Exactly 9 years ago today, when Binance launched, I created my account. And I had no idea it would go on to become the world's largest cryptocurrency exchange. First of all, I want to congratulate Binance and its team on this success.
People do leverage trades from 1X to 200X. What that means is they don't even know what a smart contract is. When they enter one, they don't realize the thing they're contracting for is actually a loan that the exchange gives to the trader, and the trade is done on that. If your prediction is wrong, you get liquidated. Up to here, everyone normally knows this.
Slippage here is 10% to 20%. And there's a lot of fees and liquidations happening. That's why risk management, portfolio management, stop loss, managed stop limits are all available to you. Use them and save your capital.
Before investing/trading in non-fundamental coins, risk management is a must. There's a lot of manipulation in low capital coins. So before thinking about making profit, you traders should think about saving your capital.
You can make profit from trading. I personally earn $10 to $20k daily. I've been in cryptocurrency for 17 years. But I studied properly. I have a 4-year degree in Blockchain technology from the USA, a 1-year course and degree in candlestick patterns, chart patterns, and price action, and I also did 2 years of prediction, analyzing data and the market, and I have a degree for that too. And I've taken a lot of losses as well, and learned from them. There's a difference between practical trading and just studying.
The trading we did back then and trading today are worlds apart. Back in our time there was only a little cryptocurrency, and it used to just keep breaking to new highs. Right now, a lot has changed.
Thank you everyone.