3 Ways to Make Money on Binance: Trading, Investing, and Futures

[00:01] understand how a beginner can make money on cryptocurrency, how to trade on Beauty by Nance, what are the ways to make money, and how to do it effectively and channel and like it. There's a lot of useful information here just

[00:15] register using the link in the description and trade on the decline. Your wallet has been on set, too, at a discount. So, I created an account on the Ben Once exchange and deposited 100,000 rubles here so I can go to some videos to see what I'm

[00:29] buying in it, what I'm selling, how the dynamics are changing, what's the plus for one, what's the minus per day, the overall picture for a week, for a month, so you can observe. I think you'll be interesting, then write in the comments what currencies you want us to consider and whether

[00:43] you're interested in the idea of ​​a public portfolio, and so on. What are the ways to make money to make money is this rating, what does trading mean? You buy cheaper and sell more expensive. Let me go to my wallet and

[00:56] see if there's a balance. Let's look at different assets in the wallet itself. I have Ripple Acropolis, Hola, and Salo on Sushi. What is the essence of earning money? For example, trailing. You buy a coin,

[01:11] it grows, and then sell it. Let's look at the charts. Let's go to the see what you need to do to make money on this. We have a chart on the exchange with you. How to start trading to make money. The first way to

[01:25] make money is trading. You need to choose an asset. First, you go to which brand is Temp and see what the general falling market, a flat market, no strong advantage on either

[01:38] side. So, we looked at the overall dynamics. We see that some coins are highly volatile at the moment. For example, let's look at what kind of coin we have. This is a new coin. We write "thither spike" in the upper corner. "Spirit" is the

[01:52] abbreviated name of the coin. So, we go in and see that the price has changed by 13 appeared on the exchange. We see what colossal movements they have, strong movements, and how you can make money on this. I'm just saying this as an example for the lesson. I'm

[02:06] not going to talk about whether it's worth entering here or not. I'm just saying what you can chart, it's strong, like right now with our local HA, I'm literally there at 13 percent. What can we do? We can open a

[02:19] long position here deliberately and support it with a top, which means a stop. If the price reaches here, the position will automatically close and you won't lose your money. For example, 100 you'll lose only three percent of your trade, but you won't lose

[02:34] more if you don't set a stop. It could slide sharply down and you'll lose, for example, 10-15 percent. You need to set stops. We buy at the bottom and sell at the top. Not the other way around. We don't buy here and don't sell here. We buy here, we buy here

[02:46] and sell here. You should never rush. The very essence of trading is to wait, don't try to get on a departing train, so to speak, and be sure to set stops. Okay, I think everyone understands the first way to make money: we buy

[03:00] at the bottom and sell at the top. We analyze. We wedge is, and what support levels are, resistance levels, because this will be a 5-hour video. I'm talking about short trading, buying cheap,

[03:14] various tools, various indicators, various patterns, how this can be done, how to buy here, we have a photo in the account that you replenished, I have a video on the channel on how to replenish

[03:28] this exchange without a commission, safely and without a commission, we can make a limit trade, that for example, we want to buy here, if I know that it's going here, we'll buy, we place a bit order and write the price that we have here, we

[03:43] write there, like we have, let's look at 2525 98, and for example, we want to buy there 2525 98, and for example, we want to buy there for 50 dollars, shiba to buy, so we see that we have an order, if the price reaches here, we will buy, and the price can

[03:58] go further, of course, it can bounce back, everything is okay, we placed a limit order on it, and like the site, the limit, well, the order will be if we click on the market, if I now I'll write $50 here and click "buy." It'll actually be bought at the price

[04:11] that's already here. What's a stop limit? If we make a deal now at this price, for example, at the market price. But we want to reduce our risks. I'm constantly using a stop limit example here,

[04:25] not how to do it correctly, but how to do it simply. We want to do it at the time or price we want. We click "stop limit" and write the price at which the sale should be made. We have automatic sales of our cryptocurrency. This must be done in both long

[04:40] and long positions. "Long" is when we buy and sell. This is when we borrow tokens and then buy them cheaper. For example, we went short here, borrowed cryptocurrency from the exchange,

[04:53] when the price dropped. Here, you bought it at a cheaper price. We bought it bought it cheaper. We made money on this price difference. I think everyone understands this is a way to make money on trading. The second way to make money,

[05:07] let's go to the wallet. I may not tell you a lot of things simply short and understandable video. It's clear that I might miss some really important things, is investing. I have a portfolio that I

[05:22] publicly created for this YouTube channel. There are various assets here. What is the investing? You don't look at the chart in terms of what the price is now. For example, let's open Ripple now.

[05:36] We don't look at the actual price on the market now. We buy at any price. For on the market now. We buy at any price. For example, what happens if our price falls? What are we doing here? What are we doing here? We'll buy here. And what

[05:48] happened? We'll do with our investing. We'll buy a meteor here in winter, too. What will we do with it? It will go to here, too. We'll buy here, too. But again, we look at 5-15 minutes. We won't buy on 15 minutes. Well, how about buying every day? We'll

[06:01] buy, for example, once every two weeks or once a month. The essence of investing is that you buy at any price and don't sell for a long time. You don't sell and borrow. After a week, you don't sell. After

[06:13] two weeks, you don't sell. After a month, you do n't You sell in six months, you buy at any price over a long period of time, and let's see what happens if you buy here and then buy here, what will happen for an equal amount of money?

[06:25] Your average price will be here, that is, when the price from here reaches here, after buying here, too, and here and here, you will have breakeven, therefore, when the price reaches here, you will already be in profit. You bought here,

[06:39] back here, you were already in profit, they are at zero, so I think everyone understood the averaging technique. Buy at any price for a second way to make money on cryptocurrency. The third way to make money

[06:53] that can be done on the exchange. I've been on. I'm talking about the main ways of making money that beginners usually start with. So, the next thing we want to do is futures trading. I have a separate 15-minute video

[07:07] on the channel about futures. Now I'll briefly tell you how it differs from the first trading method. In the first method, you trade with your own money, you buy with or you received $1,000 on it. Trade, buy three positions there at

[07:23] $300 each or 10 positions at $100 each and trade them little by little. What's the difference between futures and a huge wallet decline? Here you trade on leverage. You have a thousand dollars. You can trade with one hundred twenty-five thousand dollars,

[07:37] but you'll use your $1,000 as collateral and take another one hundred twenty-five thousand dollars on top. But the point is that if the price thousand dollars. The risks are assessed proportionally to

[07:50] the amount of leverage you take. If you buy Bitcoin here at a price of 56,000 and it falls by 20 percent, and you had, for example, the fifth leverage, then you lose everything because 20

[08:05] complete liquidation of your position. What does liquidation mean? The money you put into an open position will be completely burned, and in your first burned simply because it's your money that's burning. Only

[08:20] if the value of cryptocurrencies drops to zero there is 0, 0 0 0 0 0 1 cent in this case you will lose everything in other cases in any other case you will never lose all your money on futures you will lose everything you can

[08:35] also make money you have only 100 dollars for example you bought here made a deal at the bottom for example with the tenth leverage and your price rose by 1 percent that is you will receive not a single percent of income from 10 percent and for

[08:50] example if you bought for a thousand dollars here with the tenth and here you will already receive 100 dollars and if the price rises by ten percent you will receive one hundred percent to your position I think everyone understands the same and the opposite direction

[09:02] that is you can also lose 10 percent and one hundred percent we have considered first way is trading on a wallet under you with your own money the second way is buying also under you wallet but in debt you constantly buy

[09:16] evenly for an equal amount of money some long amount for example every month for an equal amount of the same coin the third way is Futures trading with leverage allows you to earn many times more and lose many times

[09:29] clear risk management with stops, I hope want to receive a 10% discount on trading commissions, register using the futures more profitably. If you found this

[09:44] comment on which video you'd like to see next. I've definitely made one. next. I've definitely made one. See you in future videos.