Binance What you need to know about SPOT trading at Binance exchange and any other exchanger!

sincerem · Sep 6, 2021

spot trading is simply buying a commodity like crypto, stock, fiat etc. Applying your stop-loss limit, leverages like 10-100× price increase or decrease to minimize risk. Trading spot isn't too risky like the Future trading which is highly volatile. Future trading can liquidate your trading funds in quick succession when you're a beginner with low experience.

it is advised to start off via spot trading, by taking tutorials to learn the basics of funding your on-spot wallet and exchanging it to any coin or asset you want to buy in order to trade short or long term base on your preference and trading signal. In spot trading you can't easily lose out trading if you opt for long term trading with stop-loss limit, and low leverage preference. You can continually top up when you're on the brink of losing out to extend it's trading time interval.

Are you trading spot at Binance? can you please share your experience so far.

btaliat · Sep 6, 2021

Thanks for this, it is very useful for me right now. I just want to learn how to know how to calculate the leverage, how to know when to trade. Can I initiate trade on my own or I need to wait for some people to give me some signal befor I could trade.

sincerem · Sep 7, 2021

btaliat said:
Thanks for this, it is very useful for me right now. I just want to learn how to know how to calculate the leverage, how to know when to trade. Can I initiate trade on my own or I need to wait for some people to give me some signal befor I could trade.

If you want to get signal for trading, then you need to ask people who are very versatile with that for VIP group signal link, in order for you to subscribe by making payment to that. If you get legit signal with 80% accuracy then crypto trading is made easier for you. You'll just buy the selected pair, and insert term the expert trader instructed you guys to insert and buy for a specific time frame and that's it.

btaliat · Sep 7, 2021

sincerem said:
If you want to get signal for trading, then you need to ask people who are very versatile with that for VIP group signal link, in order for you to subscribe by making payment to that. If you get legit signal with 80% accuracy then crypto trading is made easier for you. You'll just buy the selected pair, and insert term the expert trader instructed you guys to insert and buy for a specific time frame and that's it.

Does that mean crypto can not be traded alone without depending on another person? I have a friend that does crypto, there was a day he visited me and he was telling me that he wanted to enter market. I was wondering what that could mean only for him to start setting all the parameter himself without getting it from anybody.

sincerem · Sep 7, 2021

btaliat said:
Does that mean crypto can not be traded alone without depending on another person? I have a friend that does crypto, there was a day he visited me and he was telling me that he wanted to enter market. I was wondering what that could mean only for him to start setting all the parameter himself without getting it from anybody.

You can learn it alone if you're passionate for it. Our class didn't hold today cos of my busy and rough schedule at the bank and in school. On Thursday our trading class will commence, you'll learn plenty then. I learned crypto trading alone, just as I stated in the thread. Learning from people's write up, and watching tutorials is how my experience grew, and it's still growing.

btaliat · Sep 7, 2021

sincerem said:
You can learn it alone if you're passionate for it. Our class didn't hold today cos of my busy and rough schedule at the bank and in school. On Thursday our trading class will commence, you'll learn plenty then. I learned crypto trading alone, just as I stated in the thread. Learning from people's write up, and watching tutorials is how my experience grew, and it's still growing.

I can not write off self taught mechanism. I have tried it to learn on myself and to be candid, I really did try but you know there are some terms that they use that I won't understand as a newbie. And besides, it seems I am now vibing with spot trade just that I am very sure I am not that perfect and I don't want to do it until I am at least close to perfection to avoid losing

Yugocean · Sep 8, 2021

There is no On-Spot trading in Finance or any other known exchange.
There is Spot trading in all exchange platforms, however, in a spot trading it does not requires any stop loss.

What is "your" experience in such trading, you did and what you did? How you use stop-loss in a spot?

Binance What you need to know about SPOT trading at Binance exchange and any other exchanger!

sincerem

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