sincerem
VIP Contributor
Wrong info: There is no On-Spot trading in Binance but there is spot trading.
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.
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.
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