binancenewusers

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This may be long letters but you should know it.

First i would like to suggest you '' Dont Trust the Signal Posts '' on binance square.

Do you know why? I will explain you here.

Alot of people write and post about the market analysis, trends,  news and signals etc....

Among them, Those signal posts may lead you to  lose alot of money.Because most of them are not their own analysis and they are not professional traders. They just posted for the binance WriteToEarn. They copied from the others and reposted. But you saw these posts on binance square and you follwed these signals then you lost your money.

Especially, you should not trust the soical influencers (people who have alot of followers), they can change so many people to do misleading way. For example, you invested Bullish for your trade. But your trades are losing for a moment and the market is going to downtrend.

At this time, you will need alot of buyers with high volume to come back to your entry price. Then you posted the signal post (Entry price...... TP1 TP2 TP3 Stoploss ).I am new user and i saw your post then i followed you and i also sink together with you until liquidation.This is example but this is the reality that happening to alot of binance new users. So, dont follow up these signal posts. Sometimes they didnt even trade themselves and just post like that.  You will never know what they did. You cant see them because not in live trading.

Let's think about them again. Did you see the real professional traders (Whales) post the signals on their binance square? Never!!!  They dont need attentions from the binance users.

Crypto is just trading. Not Gambling. If you do like a gambling it will always be gambling for you and not look like trading. Compare with the real life ,real world ,daily business .We trade everyday between profits and loss. If you want to earn profits, at least you need to know what is what . Sometimes if you want seriously  to follow up to some people signal posts ,pls check the following facts.

How can you know they have good records? First, their posts must be right in time according to the market. Check the entry price and check take profits price were really hit in the past or not or hit to stoploss. How many times their predictions were correct. These facts will show you how much win rates he had. Remember that no one can guarentee for your profits. Your risks is always your own.  Only invest money that you have to able to lose. Dont affect your loss to your family and social environments.

The last thing, there are also people who comments in some posts( '' i can help you give me your whatsup number or any contacts'')

Never ever give them your numbers. If they can earn millions dollars,  why they want to help you right? In conclusion, i wish you all to get profits whenever you trade in markets. Dont forget my words.  Thank you for reading this post.

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#WriteToEarn

#BinanceNewUsers

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