🚫 Myths about trading that many believe.. And here is the truth! ✅
The world of trading is filled with misinformation that could cost you a lot. Let's look at some of the most common:
Myth: Trading is a guaranteed path to quick wealth.
Truth: Trading is a skill that requires learning, patience, and discipline. Success is a long journey, not a quick leap.
Myth: You need a huge capital to start.
Truth: Thanks to leverage and fractional shares, you can start with a small amount to learn and gain experience.
Myth: You can rely on others' recommendations to make a profit.
Truth: Blindly relying on others is the fastest way to lose. You must learn to analyze on your own and make your own decisions.
Myth: The more trades you make, the more profits you will earn.
Truth: The quality of trades is more important than the quantity. Sometimes, the best trade is the one you don't make. Patience and waiting for the perfect opportunity is the key to success.
Don't let illusions control your decisions. Be realistic, learn the basics, and build your path steadily.
You may master all the technical analysis strategies, but if you don't control your mind, loss will remain your ally. Trading is 90% psychology and 10% strategy.
Your two biggest enemies as a trader:
Fear: It makes you close winning trades early or hesitate to enter a clear opportunity.
Greed: It pushes you to increase your risk exposure or not take profits in the hope of making more, which can turn profit into loss.
How do you win this battle?
Have a strict trading plan: Set your entry, exit, stop loss, and target points before starting the trade.
Stick to the plan: Don't let your emotions drive you. Trust your analysis and stick to what you planned beforehand.
Accept loss: Loss is an integral part of trading. There is no 100% successful strategy. Learn from your mistakes and move forward.
Take a break: If you feel overwhelmed or emotionally affected, step away from the screen. Rash decisions are the worst.
Remember, a successful trader is not the one who doesn't make mistakes, but the one who controls their emotions and learns from their mistakes.
Do you want to start trading? 📉📈 Don't start before you know these three rules:
Don't trade with money you need: Only use your surplus funds. Always set a stop loss: Protecting your capital is your top priority. Learn before you earn: Ignorance in trading is very costly.
Trading is not a path to quick wealth, but a skill built over time and discipline.
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" on Binance Square, join me here: https://app.binance.com/uni-qr/cspa/28813724819050?r=835328899&l=ar&uc=app_square_share_link&us=copylink
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Mashallah Doctor, may God bless you, the deals are excellent according to the time of publication and what you have achieved. I did not enter the deals, but I was reviewing what you publish and the status of the deals. I hope for a deal in private, private, private.
Samiomarzineldin
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The result of my trades in just 10 days on Binance, thank God, I shared everything here, whether it's my trades that I enter or even the trades that I publish on the channel.
I posted about Bitcoin, currency $SUI , PENGU, Solana, Ethereum, and the new coins listed on Binance.
For everyone who benefited from what I share, I hope they pray for my well-being. Good luck to us all.
Thank you for the valuable information, Doctor, but what I understand from this data is that if the filtering value is greater for the trader in long areas, then the entry is opposite, meaning short, and the opposite is true.
Samiomarzineldin
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How to monitor whale wallets?!
If you are thinking of buying a currency and want to know if whales have opened a Long position on your currency or a Short position, then this light article is for you. First: through the Hyperdash website
Second: click on Start or Get Started
You will see many currencies, choose any currency you want to know the details of open trades on, and we will take the currency $DOGE as an example.
1️⃣ Understanding the Basics • What is trading and its types (stocks, cryptocurrencies, commodities, forex…). • Familiarize yourself with basic terms such as: buy, sell, stop loss, take profit. • Understand the difference between technical analysis and fundamental analysis. 📚 Helpful Tool: Start by reading articles or watching educational videos on trusted platforms.
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2️⃣ Mastering Technical Analysis • Learn to read Japanese candlesticks and their patterns. • Study key indicators such as EMA, RSI, MACD, Bollinger Bands. • Identify support and resistance areas and draw trends. 📊 Helpful Tool: Use TradingView to practice reading charts.
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3️⃣ Capital and Risk Management • Do not risk more than 1–3% of your capital on a single trade. • Always set a stop loss before opening any trade. • Divide your capital among several trades instead of entering one large trade. 📏 Golden Rule: Small losses can be recovered, but a large loss may take you out of the market.
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4️⃣ Practice and Continuous Development • Start with a demo account before real trading. • Record your trades in a trading journal and analyze the reasons for profit or loss. • Follow economic news and important reports that affect the market. 🔄 Success Rule: Keep learning and developing, and don’t stop at one stage.
📌 Current Features of the Correction: • Gradual decline after recent peaks with relatively weak rebounds. • Decrease in trading volume during certain periods, indicating a lack of sufficient buying power to push prices to break new peaks. • On larger timeframes (daily–weekly), many cryptocurrencies are still below major resistances and within a 20%–35% decline from the last upward wave, which is a common percentage for correction. • Indicators like RSI on the daily frame for many cryptocurrencies are still below overbought levels, and some are leaning towards a decline or moving sideways. • Bitcoin specifically maintains strong support levels, but has not yet given a clear signal to resume a strong upward trend.
🔍 Summary: The market is still in the correction phase, but is closer now to the later stages of correction if supports hold and buying momentum is regained. However, if the main supports are broken, the correction may extend for a longer period.
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💡 How do I protect myself in cryptocurrency futures trading? 🔒
Trading futures is profitable… but it's risky 🔥 If you're a beginner, these are the most important steps to protect you from loss 👇 ✅ 1. Start with a demo account 📌 Try risk-free, understand how contracts, leverage, and reference prices work. ✅ 2. Use low leverage 📉 Don't start with 20x or 50x! 💡 Start with only 3x to avoid quick liquidation. ✅ 3. Always set a Stop Loss
✅ 10. Being deceived by quick profits • The first successful trade may make the beginner think they are a “professional,” leading them to increase risk and lose everything later.
✅ 9. Lack of a clear trading plan • Does not know when to enter, when to exit, or what the entry conditions are. • Does not use a trading journal to record performance and learn from mistakes.
✅ 8. Attachment to the trade and refusal to accept loss • The beginner trader refuses to close the trade at a loss, hoping that the “market will bounce back”. • This leads to doubling the loss or waiting for a forced liquidation.
✅ 7. Overtrading • Opens many trades in the same day without a clear plan, leading to capital depletion through commissions and accumulated small losses.
✅ 6. Trading During News or High Volatility • They enter trades during important economic data or government statements (for example: news about an ETF or the Federal Reserve), causing violent fluctuations • Markets are unstable and hard to predict
✅ 5. Ignorance of technical analysis or relying on only one indicator • Many of them rely only on RSI or MACD, for example, without seeing the bigger picture. • They do not use: • Moving average crossovers • Candlestick patterns • Supply and demand zones • Trading volume • Trend confirmation across multiple timeframes