Before you enter any trading platform, you need to understand a very important fact:
The platform is not made to make you win; the platform is made to manage the market and profit from the activity.
Binance and other platforms provide you with very powerful tools:
Leverage, Futures, quick orders, 24-hour trading.
These tools are dangerous if used without understanding.
Leverage, for example, amplifies the profit,
But at the same time, it increases the loss.
And it reduces the distance between you and liquidation.
The larger the leverage:
The margin gets smaller
A small mistake can be fatal
And liquidation gets very close
The important question here is:
Why does the platform give you these tools?
The answer is simple:
Every deal = commission
Every liquidation = commission
Every movement = profit for the platform
The platform does not profit from the direction of the price.
It profits from excessive trading.
That's why these tools are available and open to everyone.
But those who understand use them cautiously.
And those who don't understand... will lose.
In summary:
The problem is not with the tools.
The problem depends on how you use them.
