How to Use Binance App To Trade Cryptocurrency

Opening an account on Binance.com has become a lot easier.When registering on the platform, a user shoot note that all details inputted on the sign up form should be correct and adequate.

To create a Binance Account, go to Binance.com and click on register.

Click [Mobile] and enter the mobile number and password for your account, and the Referral ID (if any).

Read and agree to the Terms of Use and click [Create Account].

Also take note that for Account stability, the password should consist of at least 8 characters, including 1 uppercase character and 1 number.

The next step is to complete the Security Verification, The system will send an SMS verification code to your mobile phone.

Please enter the 6-digit verification code within 30 minutes. If you can’t receive it, click [Resend], or click [Please try voice verification] to use voice verification instead.

To enhance your account security, click [Go to Dashboard] to enable two-factor authentication (2FA), including phone verification and Google verification.

Trading Cryptocurrency On Binance

A user will have to deposit some amount of crypto on his account in order to trade. Firstly click on the [Deposit] icon at the top right side of your screen, and then select [Deposit Crypto].

Select the cryptocurrency you want to deposit. In this example, we will deposit USDT, Next, choose the deposit network.

Trading can be defined as an fundamental economic concept which involves buying and selling of assets. Assets here may be goods and services.

Here the buyer pays the compensation to the seller. In some major instances, it may involve buying of goods/commodities against another.The foreign exchange (Forex, FX) market as we all know is highly volatile. Also, the forex market is what determines the exchange rates for currencies around the world.

A trading strategy is needed if you really want to execute all trades. There’s no single correct approach to trading, so each strategy will largely depend on the trader’s profile and preferences. Regardless of your approach to trading, establishing a plan is crucial – it outlines clear goals and can prevent you from going off course due to emotion. Typically, you’ll want to decide what you’re trading, how you’re going to trade it, and the moment at which you’ll either take profit or stop loss.

Cryptocurrency markets, as you probably know, do not have any closing nor opening closing times. Meaning you can trade around the clock every day of the year.

Although some users prefer day trading, technical analysis is often needed to determine which assets to trade.

We’ve defined technical analysis as the ability of the trader to identify opportunities by looking at statistical trends, such as movements in a stock’s price and volume.

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