Yes, it is possible to make money with Binance, but there is no “secret” that guarantees profit. What differentiates those who can survive in the market from those who lose quickly is mainly risk management + discipline + strategy.
For those who are just starting, I would do it like this:
Start with Spot, not Futures. With Spot you buy and sell the asset without using borrowed funds/leverage, which is a simpler way to begin. �
Binance Academy
Risk little per trade. A risk management rule used in Binance’s materials is limiting the potential loss of a trade to a small portion of capital, such as 1%. �
Binance Academy +1
Always know where to exit if you’re wrong — using stop-loss and defining in advance how much you’re willing to lose. �
Binance
Don’t try to recover a loss immediately. “I lost 20 USDT, so I’ll risk 40 to recover it” is one of the fastest ways to increase your losses. �
Binance
Pay attention to fees. Binance charges fees on Spot trades; the currently displayed default fee is 0.10% for maker and 0.10% for taker for regular users, although discounts and different conditions may exist. �
Binance
Avoid promises of guaranteed profit. Crypto has volatility and market risks, as well as security and fraud risks. �
Binance
If you want, �I can teach you a simple strategy to start with, for example, 10.000 Kz or 50.000 Kz, showing how much to risk on each trade, how to choose a coin, where to place the stop-loss, and how to calculate profit.$NVDAB $AAPLB #SPGlobalToAcquireOpenZeppelin
For those who are just starting, I would do it like this:
Start with Spot, not Futures. With Spot you buy and sell the asset without using borrowed funds/leverage, which is a simpler way to begin. �
Binance Academy
Risk little per trade. A risk management rule used in Binance’s materials is limiting the potential loss of a trade to a small portion of capital, such as 1%. �
Binance Academy +1
Always know where to exit if you’re wrong — using stop-loss and defining in advance how much you’re willing to lose. �
Binance
Don’t try to recover a loss immediately. “I lost 20 USDT, so I’ll risk 40 to recover it” is one of the fastest ways to increase your losses. �
Binance
Pay attention to fees. Binance charges fees on Spot trades; the currently displayed default fee is 0.10% for maker and 0.10% for taker for regular users, although discounts and different conditions may exist. �
Binance
Avoid promises of guaranteed profit. Crypto has volatility and market risks, as well as security and fraud risks. �
Binance
If you want, �I can teach you a simple strategy to start with, for example, 10.000 Kz or 50.000 Kz, showing how much to risk on each trade, how to choose a coin, where to place the stop-loss, and how to calculate profit.$NVDAB $AAPLB #SPGlobalToAcquireOpenZeppelin
