So, you’re here because you’re curious about crypto, maybe a little excited 🤯, and looking to turn a small amount into something more. You’ve got $10 or $20 on Binance, and now you’re wondering, “How do I make my first move?”

First, let me say that everyone starts somewhere, and it’s completely normal to feel unsure. But here’s the secret: every great trader was once a beginner, and the key is diving in, learning, and letting go of the fear of losing. 😶‍🌫️ With the right approach and mindset, you’ll be surprised at how quickly you can start seeing results. 💯

Step 1: Deposit Your Initial Funds via P2P

Get your funds onto Binance using Peer-to-Peer (P2P). Once you’ve got your $ in Binance, you’re ready to start trading. Check out tutorials on YouTube, as setting up your first deposit is straightforward.

Step 2: Set the Right Mindset

Approach this journey with a learning mindset. Trading involves understanding, and sometimes even losing, before winning big. Your goal right now is to learn the market rather than make fast profits. Experienced traders, even the best ones, lose money occasionally; it’s all part of the game.

Step 3: Choose a Coin to Focus On & Track It Daily

Pick one coin, and commit to tracking it closely. For this example, let’s use PEPE. Watch it daily for at least a week to see how it moves. Here’s a sample of how PEPE’s price might look:

  • Date 1: 910 to 1050

  • Date 2: 800 to 1090

  • Date 3: 920 to 1075

In this scenario, you’d want to buy at the lower price (like 800) and sell when it peaks (say, 1090).

If you bought PEPE at 800 with $20, and it climbed to 1090, your $20 investment would grow by 36%, making you around $7 profit. This may sound small, but imagine doing this consistently—it can add up and teach you valuable insights in the process.

Step 4: Identify Patterns and Build Your Strategy

By following the coin’s movements, you’ll notice patterns. You’ll learn when the coin tends to drop or peak, helping you decide when to buy or sell. Stick to this simple observation method, as it can be an effective learning tool and give you a feel for the market.

Follow crypto influencers and market analysts on Twitter, Reddit, and Binance forums. They often discuss trends and share insights, which can help you make informed decisions. You’ll learn about recent events that could impact prices, helping you manage risk more effectively.

Step 6: Stay Updated on News and Events

Crypto markets react strongly to news and announcements. Check for updates about your chosen coin, as significant events can either spike or drop the price, impacting your trades. This will keep you informed and minimize unexpected losses.

Step 7: Take the First Step and Keep Going

Getting started is the hardest part. But every trade, every observation, is a step closer to becoming a confident, capable trader. Start small, make trades, learn, and improve. With each trade, your knowledge and skills grow.

Starting out can feel intimidating, but with these steps, you’ll be making progress before you know it. Trading doesn’t have to be overwhelming—just take it one trade at a time, stay curious, and focus on learning. 💞