Best Trading Strategy for Beginners on Binance | How to Profit from Spot Trading Using One Indicator

[00:02] small profits, and maybe even more, let me tell you in today's episode that I'm going to share a in today's episode that I'm going to share a very simple and easy trading strategy that will allow you to enter and exit trades with a good profit. Let me tell you that the best thing in trading,

[00:16] especially if you're a beginner, is to make many trades with small profits. It's better than waiting for a single trade to make huge profits, only to find yourself losing a lot. If you follow a clear plan and a very simple strategy, even in the long term, for example, let's say your profit from each trade is $

[00:33] 10 or $20, you'll find yourself making $200 after 10 trades. This is unlike waiting for a single trade to make $200 or $500, and then losing your money. I'm also talking about spot trading here, not futures. So let's go and apply

[00:47] our strategy today and see how we can do it with such an easy method. It's simple to make profits through trading. Let me also tell you that you can join our Binance recommendations group. You can join the Binance platform for free. We post analyses and

[01:02] recommendations for various cryptocurrencies there so you can invest. Today, I'll teach you how to buy and sell, so when I post a recommendation on the Binance Square group, you can benefit from the information or the currency itself, buy it, and complete the transaction. I'll leave a link to register on the Binance platform in the

[01:16] video description. I'll also leave a link to the Binance Square recommendations group and educational Telegram channels in the video description if you have any questions. First, let me tell you that this is our Binance Square account, Abu Malik, and we are, thank God, certified content creators on Binance Square.

[01:30] These are our statistics. This is the recommendations group I'm telling you about; we're still building members, so try to join us to benefit from everything. It's completely free. I'll leave a link in the description; just click " Join." You'll find yourself in our group

[01:45] and can benefit from our trading and analysis. Now, let's go back to the main page. This is our account on the Binance platform, as I mentioned. I'll leave the link in the video description. Now, let's start trading. The Binance platform makes it easy; it's labeled "

[01:59] Trading" here. The trading we're discussing is called spot trading. Don't go to futures; spot trading is where you access it. You'll find the word "Trading" here, and from there, you select spot trading. To choose your currency, you go here and type its name. Let's trade, for example, the

[02:15] go here and type its name. Let's trade, for example, the SE currency. It's at a good low point, and we can profit from it in the coming period. We click on the SE currency, as you can see. This is the SE currency. Of course, as I mentioned, this is n't a recommendation; I'm just giving an example of the

[02:29] strategy we'll be discussing. We'll talk about very simple indicators before I go below and tell you how to buy and sell. Let me tell you first. How to enter and exit a currency pair? Let's expand on this so we can analyze it more easily. I have a condition for the

[02:43] currency pair, of course. The first thing you need to consider is the timeframe you're trading on. I'm using the 4-hour timeframe here, but I'm going to tell you about a simple strategy that I personally prefer to apply to the daily timeframe so the bounces aren't too big for you. The 4-hour or 1-

[02:58] hour timeframe is a bit short, but we're talking about the daily candle. Many things can happen in a single day that cause the currency to go up or down, making you feel like you're losing. But we're talking about the daily timeframe because we're also spot trading, so it's easier for us. Okay, I've

[03:11] got the daily candle. See this icon, guys? TradingView. I click on it to get TradingView indicators. Analyzing from within TradingView is easier and better for you than analyzing

[03:23] directly on the Binance screen. This way, the analysis is better and easier, and there are indicators you can use. How does it help me enter a trade? Let's start by using indicators. See this symbol, which is called the technical indicator? I'll click on it, and it will start showing me indicators. I'll be working with an

[03:37] indicator called Bollinger Bands. This is the one I'm looking at, guys. This is the Bollinger Band. This is a very good indicator to use for simple trades and to make relatively small profits. Basic

[03:49] trading in the Bollinger Bands: the closer the indicator or candlestick is to the upper part of the three lines above—we have three lines: lower, middle, and upper—the higher the candlesticks are, the more likely a decline is to occur. This means the

[04:04] higher the candlesticks are, the more likely a decline is to occur. This means the reached this point, it fell, and when it reached this point, it fell. Moving up again, when the candlestick got close to the indicator above, it fell again. Looking at the long-term picture, the candlestick

[04:19] Looking at the long-term picture, the candlestick was originally above the Bollinger Bands. It started to fall and fall and fall and fall and fall and fall and fall and fall, as you can see here in the middle of the T, and it fell until we reached this point. This means that every time I get closer to the indicator above, this indicator means that it will

[04:33] fall again, or the currency will start to stabilize again. So, I can buy when the currency is at the indicator below, which is the lower point, and sell at the higher point. The profit might not be huge, but it's still called profit overall, as I told you, you're making a profit overall. So, what might the

[04:48] profit percentage be? If we take this indicator and measure from this point to indicator and measure from this point to this point, we'll find that the profit is 15%. We saw a percentage of 15%, a very small percentage. If you buy below the indicator and sell above it, or even sell in the middle

[05:02] if you want, for example, 7% or 8% in the spot, this is an excellent number, a very excellent and wonderful number that you can exploit with a simple indicator called the Bollinger Bands indicator. I showed you its name and how to get it, and you can proceed.

[05:15] It's very simple in most cases, but of course you must set a stop- loss order for yourself. Don't rely on it completely, like a trade that will go up or down. For example, if it reaches the top, goes up halfway, then goes down again, and even goes below the line, you must set a stop-loss order. Let's say I

[05:31] enter from here. I've drawn the recommendation: I'll sell now, or I'll enter from here and sell at the line above, at a percentage of approximately 7.5% (half a percent). But if I lose by 10%, or let me reduce the loss percentage a little, say 8%, I'll exit the trade. So,

[05:46] you either win or you lose. This is spot trading, but the underlying asset is still with you. If you're patient, it might rise. Of course, if you have a strong portfolio, this is a very good indicator to start with and work on in very small trades, even if it's with $100 or $200. You enter a

[06:02] even if it's with $100 or $200. You enter a trade and... Profits, for example, 10-20%, and the same story repeats itself with more than one cryptocurrency: C, Fetch, SWIFT, OP, and many others. Of course, as I mentioned, I will provide you with some recommendations in the Binance Square group, which I

[06:17] will link to in the description. Every other day, when an opportunity arises, we will start posting it to you in the group, which you will find in the video description. Now that we have seen the indicator we can work with, let's learn how to buy and sell the currency. You have two ways to buy: the

[06:30] limit price and the market price. The limit price is when you buy at a specific price. For example, if the currency is currently at 50 cents, I want to buy it when it drops to 5.45 cents. This limit price makes me drops to 5.45 cents. This limit price makes me write 45 cents here: 0.045 0 4 5. So,

[06:45] when the currency drops to this price, I will give Binance an order for you to buy this currency give Binance an order for you to buy this currency for $20 when it drops to 45 cents. Don't do this unless it drops to that price. This is buying at the limit price, but at the market price. I'm buying right now, at the moment, at the

[06:59] closest possible price from the time I click the buy button. This is a bit risky because you might end up buying at a higher price. So it's best to always buy at the limit price, especially if you're following recommendations. Now, the same applies to selling. If you've bought a coin

[07:14] and want to sell at a specific price, then sell when it reaches that price. For example, if you're busy and don't have time, you might write, "I bought the C coin, so I'll come to the bought the C coin, so I'll come to the limit price. If the C coin reaches 80

[07:27] cents, I want to sell all of it." So, I'm giving Binance the order to sell the coin when it reaches 80 cents. Whether you're asleep, awake, have nothing to do, or your internet is down, the asleep, awake, have nothing to do, or your internet is down, the order will be executed even if you're not on the

[07:42] the app at all. This is regarding buying and selling at the limit. Of course, if you want to buy, buy in stages. Don't buy at the limit price. Allocate all your funds at once so that if the currency drops, you can use something your funds at once so that if the currency drops, you can use something called DCI (Digital Contracting Advancement). This involves increasing

[07:55] your holdings and reducing your average entry to ensure you profit from buying and selling on the Binance platform. It's a simple strategy I wanted to share with you in a quick video. If you have any questions, leave them in the comments. You'll find our Telegram groups in the description; join them for the

[08:09] latest Bitcoin news and analysis. Also, find our Square channel and account in the video description. See you in a new episode, God willing. Thank you, and peace, mercy, and blessings be upon you. in a new episode, God willing. Thank you, and peace, mercy, and blessings be upon you.