How to get started with Binance Trading Signals

Now that you know what trading cryptocurrency requires, as well as what you need to consider, here is how to get started with Binance trading signals.

To be a successful trader, the first thing to do is find a good exchange. A cryptocurrency exchange will allow you to buy and sell your cryptocurrencies 24/7. It is thus important to start listing down the kind of cryptocurrencies you intend to trade on. In case you intend to day trade full time, then it is well worth choosing an exchange that has lots of difference pairings listed.

It is important to note that a pairing refers to the two coins being traded, hence if you believe that the price of Ethereum would increase against the price of Bitcoin, then you need to find a pairing of BTC and ETH (BTC/ETH pairing).

The second criterion is to find an exchange with lots of liquidity. This will ensure that you always get another buyer or seller willing to trade with you. Exchanges with limited liquidity may limit your trading, which means you may not be able to close your trade when the price is falling.