$BNB $BTC #USStocksForecast2026 My friend, trading on the Binance platform may seem complicated at first, but in reality, it involves simple steps if you follow them correctly. I'll explain how to get started in colloquial language to make everything clear and understandable:
🚀 Trading plan on Binance (in colloquial)
The whole process can be summarized in 3 main steps: Register, then log in, then fund your account, and execute the trade (buy/sell).
1. 📝 Registration and login (your account)
* Create an account: Go to the Binance website or app and choose "Register". You will need a strong email or mobile number and password.
* Confirm your identity (KYC): This is an important step to safely deposit and withdraw your funds. They will ask for a copy of your ID or passport and a photo of you (selfie). This process takes some time for them to review the data, but it is necessary.
* Security: Enable two-factor authentication (2FA) at all times. This is a code that changes frequently and is sent to your mobile or an app like Google Authenticator, making your account much safer.
2. 💸 Fund deposit
To trade, you need to have funds in your Binance wallet. There are several common ways:
* From another wallet: If you have cryptocurrencies (like Bitcoin or digital dollar USDT) in another wallet or platform, you can send them to your Binance wallet address.
* Buying with a bank card: Some countries allow you to link your bank card (Visa/MasterCard) and buy cryptocurrencies like USDT (a stable currency like the dollar) directly. But be careful, fees can be a bit high.
* From person to person (P2P): This is an excellent and popular method. You buy the cryptocurrency (like USDT) from another person registered on Binance. You see the advertisements of people selling and choose the best price, and transfer the money directly to their bank account or wallet like Vodafone Cash. Once you confirm the transfer, Binance releases the cryptocurrencies to your wallet. Binance acts as a guarantor between you in this process.
> ⚠️ Important tip: Most trading is done against USDT (digital dollar). So always try to convert your funds to USDT first so you can buy any other currency.
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3. 📈 Trading (Buying and Selling)
Now your funds are in the wallet, ready for trading:
* Go to "Trade": You will find many options, start with "spot", which is the simplest type of trading.
* Choose the pair: This pair is the currency you will buy against the currency you will pay with. For example: If you want to buy Bitcoin (BTC) with USDT, you will choose the pair BTC/USDT.
* Check the chart: Before anything else, look at the chart to know whether the currency price is going up or down and to determine your decision.
* Execute the purchase:
* Market Order: This buys the currency for you as quickly as possible at the current market price.
* Limit Order: This buys the currency at a price you specify. For example, you say, "I want to buy when the price of Bitcoin reaches $35,000." If the price reaches that number, the transaction executes automatically.
* Specify the amount: Enter the amount you want to buy (e.g., 100 USDT) or the percentage of your wallet.
* Click "Buy".
* Execute the sale:
* When you feel that the currency you bought has increased in price and reached the profit you expected, you follow the same steps but choose "Sell".
* You can also use a Limit order to set a specific price for sale and say, "As soon as the price of Bitcoin reaches $40,000, sell all I have."
💡 Important tips (Summary)
* Stay away from loans (Margin/Futures): At first, stick to "spot" trading. Trading with leverage (Margin or Futures) carries very high risk and can lose all your money quickly.
* Research and learn: Trading is not luck; you need to understand what technical analysis means and how to read the news that affects currency prices.
* Start with a small amount: Don't invest all your money at once. Start with a small amount that won't affect you if you lose it, until you get used to and understand the market.
* Don't be greedy: Set a profit target and a stop-loss target and stick to them.
Trading requires patience and continuous learning. I wish you all the best!
Would you like me to find educational videos for beginners on
YouTube explains these steps practically?
