Binance Platform
1. Spot Trading
- Buy and sell currencies directly.
- Less risky than futures or margin trading.
- Suitable for beginners.
- You can use the accumulation and cooling strategy as I explained to you earlier.
2. Swing Trading
- Buy and hold the currency for days or weeks, then sell it when the price rises.
- Relies on technical analysis and identifying support and resistance areas.
- Suitable for those who do not want to follow daily closely.
3. Day Trading
- Buy and sell currencies within the same day.
- Requires high experience and continuous monitoring.
- Quick profits but higher risks.
- Requires the use of stop-loss orders and precise goal setting.
4. HODL & Staking
- Buy strong coins and hold them for several months or years.
- You can earn additional income through Staking or providing liquidity (Liquidity Mining).
- Suitable for those who do not want the risks of daily trading.
5. Futures Trading
- Profit from price increases or decreases (opening buy or sell positions).
- Leverage can be used, but the risk is very high!
- Not recommended for beginners.
6. Investment in New Projects (Launchpad & Launchpool)
- Binance launches new projects and you can participate in them early.
- Often yields good profits if you choose projects carefully.
- Requires research and study of the projects.