How To Trade Signals And Set Price Alerts On Binance

Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. Since early 2018, Binance is considered as the biggest cryptocurrency exchange in the world in terms of trading volume.

It is important you CREATE AN ACCOUNT using the WEBSITE FIRST before you proceed to download the app and login using the APP.


Get registered: The first thing you need to know about how to use Binance is how to get registered! 


Register on Binance 

 

- On the Binance homepage, click on Register.


You’ll be redirected to the registration page where you’ll need to enter your Gmail address and create a password.


Read and agree to Binance’s Terms of Use and click Register.


Note: Always use a secure email address, the one that you check regularly.


When creating a password, use a mixture of numbers, symbols, upper and lower-case letters for security


And so without wasting much time... Below are the key topics we'll be discussing


How To Trade Signals On Binance


A signal tells us the name of the coin to buy, amount to buy it and the profit we are to make from selling if off.


In case you don't know what a signal looks like or what we'll be doing with signals and how to make profits with it, this is for you.



Buy “HBAR/BTC”  on Binance

Buy @ 0.00000145

Sell Price 1 @ 0.00000155(7% Profit )

Sell Price 2 @ 0.00000159(10% Profit)

Sell Price 3 @ 0.00000166(15% Profit)

Sell Price 4 @ 0.00000181(25% Profit)

Stoploss @ 0.00000137(5% Stop Loss)


The above is a typical example of a signal.


Note: It means you are buying HBAR (left one) with Bitcoin (The right one)...


A.  ANALYSING THE TRADING SIGNALS


Let's analyze the signal above.


From the signal, we use the coin on the left to buy the one on the right. E.g "HBR/BTC" . Check Up...



The second part is the "LIMIT PRICE" or "BUY LIMIT". Check up. E.g.


Buy @ 0.00000145



The third, fourth, and fifth ones are "SELL LIMIT".


E.g.


Sell Price 1 @ 0.00000155(7% Profit )

Sell Price 2 @ 0.00000159(10% Profit)

Sell Price 3 @ 0.00000166(15% Profit)

Sell Price 4 @ 0.00000181(25% Profit)



B.  MUST BE UNDERSTOOD?


- STOP LIMIT

- LIMIT ORDER

- MARKET ORDER



- STOP LOSS or STOP LIMIT


A stop-loss order is an order placed with a broker to buy or sell a specific stock once the stock reaches a certain price.


A stop-loss is designed to limit an investor's loss on a security position.

It is used to minimize risks.  E.g.


Stoploss @ 0.00000137(5% Stop Loss)




- LIMIT ORDER


A limit order is an order that you place on the order book with a specific limit price. The limit price is determined by you.


So when you place a limit order, the trade will only be executed if the market price reaches your limit price (or better). Therefore, you may use limit orders to buy at a lower price or to sell at a higher price than the current market price.




- MARKET ORDER


In Market order, trades are executed instantly at the current market price.



C.  TRADING THE SIGNAL


Let's assume we want to use the XRP/BTC pair signal as in the picture below.




Note that the buy limit from the signal above has many zeros after the decimal. E.g.  0.00002295. The sell targets listed (2340, 2470, 2590) mean below:


0.00002340, 0.00002470, 0.00002590.

So  don't go and put the whole number (2340) when opening a trade. You must take note of zeros after the decimal (0.00002340).




Here we go.  Now, PLEASE LOGIN ON YOUR BINANCE APP.



Click on the search button at the top of the app, and type XRP.




Look for XRP/BTC and click on it...



The part I circled blue is our LIMIT PRICE, while the part circled RED is the CHART.





As the price goes up, the limit price also goes up. And vice-versa. So click on BUY.



The image above shows that you want to buy at the limit price. If you enter the limit price (0.00002168), see the yellow circle in the image above.


If you click on 100% (see the blue circle in the image below), that shows you are buying the XRP with all your BTC balance. It will then show the number of XRP you intend to buy (showing "13" as seen from the red circle in the image below).


Then you click on the buy XRP in the green button below.



The screenshot above shows that you are buying at a limit price.

Note that buying at the limit price is not executed immediately, you have to wait till the market price falls to the limit price.


For instance, assuming the current market price is 0.00003654, and you want to buy at lower price of 0.00002500, you have to follow the steps above to set up your buy order. So when the market price reduces to 0.00002500, the buy order will be executed immediately.


Hope you understand?


NOTE: But since you are trading signals, always buy at current market price. This transaction will execute immediately.


Always buy at the MARKET ORDER instead of the LIMIT PRICE ORDER. See screenshot below.


Click the drop-down arrow under the Buy button and select "Market".




The number (13) under the market price which is is circled in Red indicates the amount of XRP that will be purchased. Then click on 100 percent to buy XRP.  




This transaction will execute immediately. To confirm order, click on icon circled in Red as shown from the screenshot below.




Then click on Order History, as shown from the screenshot below.




Then the XRP/ BTC written in Green indicates a successful buy.




NOTE: AFTER SUCCESSFUL BUY, YOU PROCEED TO SELL OFF IMMEDIATELY UNLESS YOU INTEND TO HOLD.



TO SELL,


Click on the back button,  or search for the coin again.




Click on the sell column.





Click on the drop-down arrow. See the screenshot below.




Then change the order type back to LIMIT ORDER. See the screenshot below.




And Input any of the SELL PRICES, preferably the sell price 1, and Click on 100% and proceed to SELL.





Then you will see your open order as seen from the screenshot below.





When the market price reach the sell target, you will make good profit.


NOTE 1: Buy at current market price and sell at limit price


NOTE 2: Always use the SELL PRICE Target 1, because it is faster...



D.  HOW TO GENERATE SIGNALS TO MAKE PROFIT ?


Generating signals is the most difficult aspect because without signal, there is no trade and without trade, there is no profit. One needs to learn about chart patterns. You need more research so as to learn and understand more and better.


We have made things easier for you,  SO TO GENERATE SIGNALS TO GET PROFIT, JOIN OUR SIGNAL GROUP.


WE GENERATE DAILY SIGNALS 24/7 WHERE THERE IS ENOUGH OPTION FOR YOU TO CHOOSE FROM, WHICH GIVES YOU 90% SUCCESS RATE.


- In Every Signal we give, We Include The Stop Loss Figures and Percentages. In Addition To This, We Often Recommend To Sell Off Once We See A Possible Retracement In Certain Trades, It Is Then Your Decision As A Trader To Either Follow Our Advice, Or Take The Responsibility Yourself If You Don't.


To join the Training signal, chat me on on Whatsapp : +2348105563657


Or send email message: [email protected]


And if you really want to learn a lot about cryptocurrency trading so as to know the trading strategy to make profits regularly, CLICK HERE To learn more.

  

How To Set Price Alert On Binance 



To use "Binance Alert"  On The Binance App, follow the steps from the instructions below.


From the Binance homepage App,  click on the search button. See screenshot below.




Then type the coin pair you intend to set price alert for. From the screenshot below, I typed XRP/BTC.


Then choose the coin pair as seen from the arrow below.




On the the next page, click on the notification bell alert, see the arrow pointing to the alert bell below.





Then enter the price target you intend to set alert for. See screenshot below.




Finally, the price alert is set for XRP/BTC pair. See the arrow pointing to the set price alert below.




So when the market price reach the price, you get notifications alerts from binance.


That's all about trading profitably with signals and setting up price alerts for every of your open trades.


If you really want to scale up in cryptocurrency trading,  and you intend to know the profitable and evergreen strategies to keep profiting from cryptocurrency, You can get all what you want by CLICKING HERE


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