[00:02] going to explain in a very simple way how to trade on Binance. Yes, in a very easy way, sharing my screen so that even your grandma, who doesn't even know how to send a WhatsApp message, can understand and do it too. So
[00:17] come on, I'm going to explain how this works, folks. Now, as you can see on the screen, I 'm showing you the dashboard of one of my Binance accounts so you can see that in your account, you
[00:31] 'll obviously see the same thing. By the way, if you haven't created a Binance account yet, remember that in the main pinned video of this channel, we have a step-by-step guide on how to create a Binance account. Assuming you
[00:46] already have a Binance account, let's go to the futures trading section. Well, here's the dashboard that everyone will see. What we have to do here is the following: obviously, every time we trade futures, the cryptocurrency we
[01:00] time we trade futures, the cryptocurrency we use to trade is USDT. That is, our capital will be in USDT because it's the most convenient and simplest way, and because it's a stable currency. In this case, we're assuming that you already have USDT or
[01:14] already know how to buy it.  Once you enter the USDT spot wallet, which is where your capital is held by default, what you need to do is select USDT. Here we see there are almost $300. Tap the three dots, and
[01:29] dots, select " transfer." Once you select "transfer," you'll need transfer it from: the spot wallet to the USDM futures wallet. Okay, that's the
[01:41] going to put "maximum." This is simply to show you how it works once you transfer from fiat spot to the futures wallet. The capital will appear in the futures wallet; it will
[01:56] show that you have 320 USDT in the futures wallet. This is because you had $20 from before, plus the $299/$300 I sent. Anyway, capital is in the futures wallet, go to the top
[02:13] where it says "futures." In futures, or if you have it in...  In Spanish, you'll see " Futures" where it says "Futures." You're going to choose the first option. Okay, the first option is the simplest for you to trade. Well, what you're going to
[02:25] see right now is the futures panel. Okay, in this panel that you're currently seeing, what you have to do is choose which trade you want to make. Let's suppose you want to trade
[02:40] Bitcoin. Bitcoin is obviously the most common pair. You'll see here that you have different alternatives. You can trade Bitcoin, BNB, Ethereum, Bitcoin Cash, XRP, alternatives to trade different cryptocurrencies, but the one we're going to choose right now is
[02:55] Bitcoin because it's the simplest to show. Once you enter here, on the right, you'll see the margin you have available, the capital you have available
[03:07] to trade, which is the $320 we sent a while ago. Here on the right, you'll see everything that would be the price, the take profit, the stop loss, the trade size, the leverage, and so on. Let's
[03:21] explain a little how this works. Let's suppose that  You've already done chosen which trade to make. We're not going to explain the specific criteria for choosing trades; instead, this video will explain how to execute
[03:36] the trades precisely because everyone will obviously have their own criteria for choosing whether to go long, short, etc. Stop for a minute whatever you 're doing. If you like the video you're watching, if it provides you with any
[03:48] value, and so on, don't forget to go in and give it a like and a Thank you so much. All of that really helps me a lot so that this channel can continue to grow and I can continue making videos for you. By the way,
[04:03] Binance account, the link is below in the description of this video so you trading. Now, let's continue with the video. We're going to see how to execute them. Right now, what we're going to do is show you how to go long on Bitcoin.
[04:18] What does a long mean? It means I'm betting, so to speak, that Bitcoin will rise relative to its current price. So, first of all, you have here on the right  As you can see, you have the option
[04:31] to choose a Market order or a Limit order. What does a Market order or a Limit order mean? A Limit order is when you wait for a specific price for your trade to be executed, and a Market order is when you
[04:47] want to trade directly at the current price. So, if you place a can see here on the upper left, is
[05:00] 56.773. On the other hand, if you choose a Limit order, you can choose the price. Okay, you can delete here and choose, for example, when Bitcoin touches
[05:13] 55. You can set it so that when Bitcoin touches 55,000, the trade is executed. So, you might be waiting, and Bitcoin reaches 55,000, and your trade is executed while it's
[05:27] waiting. On the other hand, if you think you like the current price and are willing to enter at this price, you choose a Market order and enter at the current price of 56,000.  You can see right now. Okay, next you're going to choose a
[05:43] couple of other things. One of them is whether you're going to trade cross or if you're going to trade in isolation. What does this mean? Whether you trade limit or market, trade cross, it means that all the capital you have here, in this case the
[05:57] $320 we're putting into the futures contract, will be at risk. futures contract, will be at risk. Now, if you trade in what's called isolated, which in Spanish would be "aislado,"
[06:11] this means that you're only putting the capital you're going to allocate at risk, choosing it for each trade. Generally, if you're a beginner and just starting out, it's best to trade in isolation. For the simple reason
[06:27] that when you trade in isolation, you're not putting all your capital at risk. So in this case, we're going to do it in isolation. Okay, confirm. We're going to choose isolated. By the way, next, here you have
[06:42] By the way, next, here you have how much capital you want to use. Here it's do in Bitcoin or how much you can do. You can change it to do it in USDT, obviously USDT.  It's a bit easier, easier to measure, and so on. So
[06:55] you're choosing, you want to put $ at risk—let's say, for example, you put $1 and want to make a long trade on Bitcoin. Perfect. Here's what you
[07:07] right, which is the leverage. That is, the leverage, more or less. It's quite long to explain, but I'll explain it a bit more simply: for example, if you're leveraged 1:1, and Bitcoin goes up 1%,
[07:21] your trade goes up 1%. Now, if you 're leveraged 20:1, as it appears by default here, the average is leverage. For example, what you'll see here is that if Bitcoin goes up 1%, your
[07:36] trade will go up 20%. Do you understand now? What's the point of all this? If Bitcoin goes down 1%, your trade will go down 1%. But if you're leveraged by 20, if Bitcoin goes down 1%, your trade will go down 1%. Capital is going to decrease by 20%. Therefore,
[07:53] considerably higher. I would recommend that if you're new, you use much much lower leverage, the risk you assume is much lower. So here, for example, we're going to choose a
[08:06] slightly smaller leverage. We're going to choose a leverage of only two to one. Okay, confirm. I'm going with a leverage of two to one. Okay, once you choose this leverage of 2 to one, you choose that the operation is 100. Here it will
[08:21] tell you the cost, the margin, a couple of other things, and there's another thing at the bottom that you can choose when trading, which is to set a Take Profit or a Stop Loss. What do a Take Profit and
[08:34] a Stop Loss mean? A Take Profit means that you set a price at which, if the market reaches that price, if the asset reaches that price, your trade is automatically closed at a profit. That is, for
[08:49] example, you set "open now" at 56,900. Well, because I'm going to do... The video shows the price changing. You open now at 56,900, and you set it at automatically, and I keep that profit. Perfect. You might be
[09:05] sleeping at that moment, jogging, at the gym, or wherever. gym, or wherever. And if it reaches 58,000, your trade closes in profit. That's called a Take Profit. You put 58,000 here.
[09:18] Bitcoin touches that price, your trade closes automatically. Now, what is a Stop Loss? It's the opposite; it's how much you're willing to lose. Here, the price is 56,900. You say, "If Bitcoin touches
[09:34] 56,000, close the trade because I want to stop that loss." The literal translation of Stop Loss is "stop loss." set it at 56k, and you directly place
[09:49] the Long trade. And that's how you open a trade on Binance. Remember that...  To see the next part of all this, go to the
[10:01] playlist where you'll see how it continues once the also learn how to generate passive income on Binance and a bunch of other things about the world of cryptocurrencies. I hope this was helpful. Don't forget to
[10:15] really enjoyed it or found it valuable. Greetings from the legendary Nicolás Roso. Wishing you much success and abundance. Bye bye!