How to Trade Crypto on Binance (Professional Guide)

How to trade crypto on Binance
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TIMESTAMPS:
0:00 How to Trade on Binance
0:23 Trade crypto on Binance
2:08 Binance chart setup
5:17 Simple technical analysis
8:32 When to buy or sell crypto
10:29 Support and resistance
14:27 Binance auto invest
18:36 Binance limit orders
21:37 Sell crypto
22:32 Binance stop orders
24:37 Binance trailing stop
27:40 Binance algo (TWAP, POV)

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This video is for entertainment purposes only. It is not financial advice and is not an endorsement of any provider, product, asset or service. Crypto is high risk, you can lose your money. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. Crypto content or offers are not intended for UK residents. Do NOT trade products that are unsuitable or not allowed in your jurisdiction.

How to trade crypto on binance I’m going to show you exactly how to use binance’s trading system to get in and out of Trades I’ll also give you some simple tips on how to chart crypto because there are Cycles within crypto there are better times to get in and out and so

We’re going to look at that how to actually use that on the charts and give us a much better idea of you know when to get in and out of our trades and how exactly to do that I’ll leave time stamps for everything down in the description let’s come to our binance

Account firstly then so if you’re looking for a beginner’s guide on how to get set up within an account and get money in and out of the platform you and get some stable coins on the platform to trade I’ll leave that for a beginner’s guide down in the description we’re

Going to focus on you know trying to get the best entries and exits for our trades though if you are new check the link below you can get up to $600 as a deposit and trading bonus so if you are new just uh see the details by that link

Go down to rewards hub here and in rewards hub there might be some you know trading and deposit bonuses for new users check the details VI that link it’s not available in every country but once you have an account we go to trade and then then spot so we’re going to

Click that that brings us through to the trading system now from here we just need to really put some simple charting on uh the Bitcoin chart we’re going to use Bitcoin as an example here we need to know you know when are bull markets where are bare markets where where are

Better times to get in where are better times to exit and then we can actually go ahead and enter all of our trades and uh you know hopefully make some profits so what we’re going to do is look at how to do that firstly on binance’s trading

System now if your spot trading system doesn’t look like this uh then what you can do is come up to the top this settings tab then you want to go to Styles here down here above my head you can see there are three different layouts so you might have the classic uh

Which is this one nothing wrong with this at all we can get everything done the same uh I’m just going to use the advanced screen right here as there’s a couple more options so Advanced and then we can go and trade like this so that’s the layout now

Firstly we’re going to look at trying to chart the Bitcoin chart you can do this with any other chart as well we want to see bull markets and bare markets and just try and give ourselves uh areas where you know the price might get to during those Cycles what we need to do

Firstly then is decide what is our time Horizon for our trades right before we trade anything before we actually trade we need to know why are we getting in now and where do we expect the price to be within our time Horizon so how far do

You want to trade do you want to trade over a couple of weeks couple of months couple of years or a couple of decades it’s going to be wildly different as to how we want to actually trade the price so the first thing is when we’re using charts now binance gives us something

Called trading view trading view is uh kind of professional chart charting software it’s kind of the industry standard so we get this for free in binance now you can also use trading view as well it’s a standalone platform I’ll leave a link to them below it’s actually completely free to use just a

Simple charting there so just sign up for an account and you can basically chart any asset we’re on bitcoin right here I’ve got a video guides below if you want want to check it out as well um but we have you know we have a chart and

Then we need to say where are the periods where there are bare markets and bull markets we need to you know kind of put that in its place so the first thing is if you’re trading shortterm you want to be looking at charts that are below

The one day so up here we can see this this is the chart we’re going to click on bitcoin so you can just search right so let’s search for BTC and we know we’re trading Bitcoin against US dollar tether which is a stable coin so Bitcoin

Versus us if you want to trade eth you can just you know search for that here ethereum and other other assets we’re going to stay on BTC and we have our chart so if you’re trading shortterm you want to go one day or below right so you

Can right click and reset chart we now have a one day chart meaning that each Candlestick right here is one day in length so it shows us price action of a day of course red is down price action green is up price action and the length

Of the candle is the extent to the price move in that period right so we know that during this big green candle the price started here at 30 30,000 it went all the way up to 34,000 and it closed this session at 33,000 that’s a day

Right if we click on the week and then reset the chart we don’t need to reset but as you can see here these candles are now one week in length now when you’re trading over longer time frames you’re looking at the one week or maybe even the one month chart when you’re

Trading over shorter time frames you want to be one day and down because one week is going to move slowly it’s not moving quick enough quick enough for your short-term trading if you’re trading over years you’re really looking at mon you know week to month charts

Right so what we’re going to do is go for a one we chart here and you can change all of the different uh intervals if you want so you can change that here most common are you know the 1 Hour 4 Hour definitely one day one week and one

Month so from right here we have a chart of bitcoin’s price action with each of these candles Sticks being one month now from here we can chart this very simply to give ourselves ideas of bull and be markets and potential prices that uh the price may get to during these periods

Because there are periods of draw Downs there are periods of expansion there are periods of recovery in relation to bitcoin for this example but you can use this for any crypto what we’re seeing is a long-term uptrend with shorter term price Cycles so what we can do is differentiate between a secular Trend

Which is a long-term Trend over many years versus short-term price Cycles which are like this so we can make a distinction between those two I’ll show you exactly how that works on the Bitcoin chart then we can put that on our binance trading chart so what I’m going to do here is

Just take away by uh the Bitcoin price so we’re going to go to hide and I take away all my drawings here this is a simple moving average of the price of Bitcoin over uh very long time frames since 2015 so what I mean by secular

Uptrend is that if you take away all of these cycles and the price movements a smooth moving average of The Price Right is going like this so we’ll just do that again you can see this right so this is a long-term secular uptrend now what I’m going to do

Is bring back drawings and uh we’ll just get rid of this because you can see that blue line we can put the price chart back on and you can see that over shorter time Cycles the price moves like this right much more volatile up and down the secular trend is to the upside

But there are shorter time frame price cycles and as long as we know that then we’re not going to get into any trades that reverse on us and leave us in an area where we’re making big losses and we’re not sure where we are so we can

Put that on the chart for Bitcoin on binance as well so what I’m going to do is go to the one we chart here then I’m going to go to technical indicators and type in moving average and you can use a bunch of them I just use a simple moving

Average so we’re going to click that and then over here we want to change this so we’re going to go to settings you’re going to go to inputs I want a fairly long price average so I’m going to do 100 100 periods now that’s 100 weeks because we’re looking at the week chart

So 100 weeks we’ll just change the style here cuz it’s not very clear uh and there we go so we’re just going to press okay for that so what we’re looking at now is a 100 we price price average right so you can see a cycle playing out here right

We have an expansion here then we have a draw down in the price and over time you can see that essentially um we’re kind of slowing down and maybe moving back to the upside again into potentially an upcycle right so what we’re going to do is change this as well we’re just going

To change inputs to 200 and see what that looks like this is a much longer uh time frame moving average and we can see that the price is getting smoothed out ever more and essentially what we’re seeing is you know a potential uptrend uh over a very long time frame right so

Pretty good so we’ll leave it on 200 for now and what we can see is you know if the price moves below that then that may be uh areas to actually buy more because the best time to buy to make those profits is the lowest price given that

You assume that the trend carries on upwards right so uh we’re going to use this as an example of you know when to trade when to get involved the Bitcoin price tends to move in cycles of around 4 years that’s because of the Bitcoin harving also because of macro Cycles

Which tend to be around four years so we need to know when to be taking risk and when not to be taking risk so usually after each Haring as you can see we get an expansion in price after the Haring we get an expansion after the Haring we

Get an expansion and potentially here as well so what we want to do is take risk towards the bottom of each cycle and not towards the top after the top of each cycle you can see you get a draw down like this that has played out three

Times in a row we don’t know if it’s going to keep playing out but we you know have uh this cycle in mind really to try and give ourselves a better chance so what we can also do is go to free websites like uh look into Bitcoin

Bitcoin cycle Master here it’s going to give us areas where the price is relatively oversold in relation to its Trend and relatively overbought in relation to its Trend if we expect the trend to keep going up so when the price is relatively overbought tends to be not

Very good times to buy and when it’s relatively oversold tends to be better times to buy if you’re looking to buy cryptos assuming you’re investing in crypto looking at this so when do we want to actually buying be buying anywhere towards the green or underneath the purple and then if the price is

Above orange or red then you can do one of three things you can either sell you can buy less or you can stop buying one of those three things right so how do we get these Cycles on our chart well firstly we can put the Bitcoin harving

On our chart we know it’s around April 24 so we can put that on I’m just doing a trend line here trend line and drawing that on you can also draw text and do callouts or Price labels you can put those labels on here um anytime that you

Want but for right there we now have the Bitcoin harving and so we know that prices tend to go up into and after the harving uh from here we can also put trend lines on our charts so uh we’re going to do a horizontal rate and what

This does is try and give us prices that are relevant to us so the first price that is relevant to me uh on this chart right here is some area of support for the price so we’re going to put support and resistance levels what is support and resistance they are prices where

Trade seems to get stuck at either rejects away from or get ported away from so we can put these on the price chart first I’m going to look back to the previous bare bull market you can see this is an area where the price seems to have been rejected away from

Right The price came down but got rejected to the upside and bounced up so that’s what we would call support you can see at that exact same price it happened again a selloff and a rejection to the upside so that is a key price level right here if you look on the

Right hand side that’s 32,000 you can see a potential uh support level here as well where we got some support we broke through that but that doesn’t matter this is an important price level because we got three touches what we can also see that when the price got to here

There is an area where sellers and buyers seem to have another fight because you can see the price move down it tried to stabilize and then move down but that is an area that is important to us when the price is moving up again we can see this area where the price got

Rejected from it got rejected again it actually got supported at this level and it got supported again so these are key price levels right so what we’re going to do is draw these horizontal Rays on right here is one around this level and right here is one around this level and so we

Have two price levels on right now the price is above these so what we’re going to do is look ahead and say is there you know a support and resistance level ahead this seems to be a key level this seems to be a key level so what I’m

Going to do very broadly is now draw a triangle kind of around this entire price level here which seems to be like this right so I’m going to draw that in and then what I’m going to do is actually get rid of this one because it’s not relevant to the current price

It’s we have a support level here and this one is away from the current price so I’m just going to get rid of that now you can get rid of all these circles as well and just make the chart a lot cleaner because what we have now is very clear

Um technical analysis for support and resistance that is going to help us with our trades and help us essentially get in and out of our trades so this box is a major resistance level because the price is below this you can even see now as we’re moving up as of making this

Video we’re seemingly getting rejected off this level so you know this is absolutely normal for Price action now in my head I know that the price between you know this level and this level could be anywhere in between here shortterm I don’t know but now I need to make a

Decision is this price level here something that I want to be buying or selling and it’s as simple as that because you’re a Trader or you’re an investor now and so what you’re saying is between these two price levels what do I think the price will do within my

Time Horizon be it one week 6 months or one year I know the harving is coming up that means I’m personally bullish and so this is a resistance level and we usually break through resistance levels after Haring so potentially I’m bullish and that means that I’m buying this

Price action anywhere in here I don’t care because this is a let’s say 10 to 20% uh you know price in between this the Bitcoin price can move 50 100% after the Haring so for me personally I’m bullish because of this and this price level is absolutely something that

Should get broken over that time therefore I’m bullish therefore I’m buying this price action in between these price levels the ways to enter trades we can use binance in a bunch of different ways so the first one I’ll show you is auto invest so if you come

Down to the trading system you can click autoinvest here now you can also go to earn so if you just click the earn platform I don’t know why it’s in earn it doesn’t really belong here but it is anyway uh and then you can go to autoinvest up here and there’s a couple

Of ways to do this so the first thing to do is pick an asset that you want to be investing into during this time or some other time um and we can do that so I’ll show you on BTC we’ll go to create a plan and you can very simply just go

Through this so what we can do is uh coin allocation Bitcoin 100% now you can add other coins here so we add a coin we’ll go ethereum like this uh and what we’ll do is you know 80% for BTC we’ll click add coin ethereum uh and then

Press confirm you will do 20% ethereum right so whatever ever that is for you that you want to do amount per period we’re going to do $200 um from the spot wallet so if you have usdt in your spot wallet so what you have to do is get stable coins you

Can use any of these stable coins you can use any of these coins here now if if fat currencies are supported for you you can use f currencies as well so Euro Brazilian Royale Turkish luro you can see a bunch of um f currencies are supported if you want to put those on

The platform and then we’re just going to do a week and we’ll do it on a Tuesday uh or any other day that you want and you can choose the time so you know that for a period in time you know let’s say um 6 months or 3 months

Whatever just Auto invest once a week and there you go um so you can do that that takes away any emotions and you know that during this period you’re going to do that now the downside of this is you can’t choose the price you can’t make decisions you can of course

Cancel this very easily and cancel out and and just you know not continue Auto investing this is something for more longer term dollar cost averaging this is for uh essentially when you’re in a bare market and you know that you want a dollar cost average over 6 months right

So the price was here and you just want to literally buy you know weekly during this 12 Monon period you can just set that up and you know set it and forget it and make sure that you’re you’ve got enough stable coins here to actually trade that’s one way of doing things it

Is easy um but it’s you know slightly you know it doesn’t give you much uh control granular control over what you’re doing now if you go to the recommended here what you can do is set up uh assets to actually Auto invest in as well so this is Bitcoin and ether

Which we just did we set that up automatically you can see that here you can also Auto invest into top 10 coins if you want to do that so it will actually just buy a specific amount of all the top 10 coins you can see here

Now something that uh is a downside for me personally is that in this allocation what you’re doing is investing the same amount in each of the coins over time and potentially what you’re doing is investing more money into coins that are losing out and less money into coins

That are winning usually with investing you will put more money into coins that are winning and less money that in into coins that are losing so this potentially isn’t great but it’s up to the individual you can also see this as well uh potentially this isn’t available

In many in uh all countries um the earn product isn’t available in all countries so if it’s not available for you you can’t see this anyway but binance uh top 10 equal weighted index essentially creates an equal weighted so that’s 10% in each of the top 10 coins um again I

Don’t like equal weighted indexes uh usually with like the S&P 500 or the NASDAQ those are the biggest in you know indexes that most people invest in they are market cap weighted and they give more assets to the best assets in there so as the best assets grow and

Outperform you put more into those um that means that you’re putting more money into the winners less money into the losers that is something that I prefer that’s market cap weighted this is equal weighted so I don’t personally uh kind of use this it’s up to the individual though but there’s ways to

Invest in the coins that you want in a specific fashion let’s use the binance trading system more professionally as well then to actually more actively put our orders in so again choose the asset that you want to trade you can search them all here check that you have some

Of the stable coin that you want to buy it with I’m going to use Us doll tether now we can actually trade so we’re going to go up to the right hand side you can see I’ve got some tether in here if you use a market order choose the amount

That you want to spend $10 and you can’t choose the price that you pay you’re just going to pay this price up here right the best offer this is the seller they’re offering Bitcoin at this price if you press buy BTC you’ll just take their offer right here

And buy it now there’s nothing wrong with that you can get the price and you get it done very quickly but we’re going to use a limit order so limit orders is where we choose the price that we pay so what we’re going to do is actually come

Down here and bid for Bitcoin at a lower price now the difference between these is tiny but you are getting a better price and so why not so what we’re going to do is choose the price um so we’re going to click down here on the order book and

You can see I’ve got this price up here that comes up and you can see that this is a lower price and you can see the price moves around a lot right so we clicked and the price was 57 the price is already 5’2 right so you can see the

Price is moving down a little bit so what we’re going to do is put a bid in here of let’s say 250 we’re going to put a bid in of $1 and we’re going to press buy and you can see our bid on the order book you can see that orange uh orange

Dot right here we are on the order book and we’re bidding for Bitcoin at this price and we just got hit so we bought at 36250 pric has moved down again on us um so we got a better deal than the 270 that we got um but obviously we could

Have bought it a little bit cheaper still so if we go to trade history you can see that right here I bought Bitcoin at 36250 you can see the amount that I executed um so we actually went through with that trade so that is how you put

Limit orders on the system and actually go ahead and buy so what you can do is you know if you’re looking to buy on a day just say the price now is 36240 I’m going to put an order in at 36200 something like that I’m going to

Put an order in you know of an amount press buy and as you can see it comes down on the system so I’ve actually got an open order here the order has not been filled yet because our price is below the the price in the in the market

So we’re not going to trade until that limmit order is hit where the price meets our limit price we can edit that order as well if you want to just edit the price and the amount you can do that here but that is using limit orders you’re just bidding a lower price and

Hoping for the price to move around and hit your lower price um so we can cancel that out and that cancels the order it is recommended to use limit orders because you know you can choose the price that you pay you you are going to

Get hit as long as your price is kind of close enough the downside of limit orders is is if the price is moving a lot to the upside and you put limit orders below the price you the price may not go down right so it’s kind of swings

And roundabouts but limit orders are the more professional way to do things if you’re looking to sell out of your crypto then you can do it the exact opposite way so you know just use a limit order right so we’re going to use a limit order we’re going to click sell

And then you choose the price so let’s say we want to sell at 36,300 we’re going to choose an amount of BTC uh and then we’re going to put that limit order in going sell BTC and of course 36300 is above the price so we’re not going to trade yet our our

Order is somewhere up here on the order book but it’s waiting for us these orders are called GTC or good till canell they will sit in the system waiting to trade until you physically cancel them so you can cancel them here you can see GTC which is this good till

Cancelled ioc is immediate or kill meaning if you can’t trade the order immediately it will be deleted and F okay is fill or kill which means if you can’t do 100% of the order immediately it will kill the order most of the time GTC is absolutely fine if you’re trading

Shorter term or longer term a lot of people use a stoploss now if you’re a long-term investor stop losses are not something that we would use if you’re a shorter term Trader then stop losses are something that you use there what is a stop loss it is an order to sell at a

Loss and you stop further losses like that so what we’re going to do is say we’re trading much shorter term so you can see the chart here let’s say I’m trading and I want to take risk that the price is actually going to move up into

This um expansion level right now what I also want to do is stop a potential loss at this level here I want to take a long position here hoping the price moves up but if it doesn’t and it moves down here I want to actually sell for a loss the

Way that you would do that is use use what’s called a stop limit order so click this stop limit this is otherwise known as a trigger order and the reason we use this is because we can’t use a limit order so let’s say the price now

Is 36288 I go limit I want to sell and I want my sell order to be 34,000 because it’s a limit order the instruction to the system is sell immediately if the price is 34,000 or above the price is 36,000 it’s therefore going to sell me at the best price which is currently

36274 that’s not what I want cuz I don’t want to sell right away I only want to sell when we get to 34,000 that’s why we have to use a stop limit or a trigger order so what we’re saying is at 34,000 enter a sell limit order for me

With a price of 34,000 and I want to trade you know whatever uh BTC this means that only at 34 which is our trigger price will enter our sell order this lets us put in a sell order below the price but not sell yet that is a trigger order otherwise

Known as a stoploss order some Traders often use trailing stops as well for their sales this is usually used for when you’re taking profits so let’s say I’ve been dollar cost averaging throughout the bare market and we’ve got a really good price momentum here so I’ve been buying in all of these prices

Here and what I want to do is take take some profits on some part of my order right so I’ve got an amount of Bitcoin and I want to start taking profits now um obviously I don’t here but as an example what we’re going to do is use a

Trailing stop so we’re going to click this one now what a trading stop does is it’s a sell order at a price that’s a little bit below the current price but what happens is if the price moves up you move up with the price you can see

Exactly how that works here you can stop the video here as well scre screenshot this but the coolback rate is 5% that means that our sell order is 5% below the current price as the price moves up our callback rate moves up to keep that 5% difference as the price moves down

Our trading stop doesn’t move down as we move up again we keep that 5% difference as the price moves down 5% then we actually sell this is a way of saying that I want to sell but it gives you that Breathing Room of if the price does

Move up then hey you’ve just got a better price overall so if you want to take a kind of two or 3% loss right here you know from where it is now then you you have that but you have the potential upside of the price moving up as well so

What we can do is use this so we’re a seller the trailing Delta is the amount away from the price that you want it so let’s just do can we do 5% we do 5% and we have a limit in terms of where we want to sell right so our limit price um

Let’s do you know 40,000 and then we’re going to have an amount 0.03 right so what we’re saying is we don’t want to sell below 40,000 that’s our limit price um and the trading Delta is 5% you can also do an activation price if you want which is where the the the

Trading stop actually activates that so if you could leave this blank it activates immediately um if the activation price you want to activate at let’s say you know 39,000 or something and then change the limit order you can change those around what you’re saying is at 39,000 we’re going to have a stop

Loss with a 5% Delta but our limit our limit is 40k right so that’s where we see it and we think it’s moving up um so you can put those details in now this only really works if you are actively looking to sell right now and you’re

Looking to maybe get you know an extra few per or 10% out of the trade and you’re willing to take kind of a bit of draw down considering how volatile uh Bitcoin is you know it regularly moves like 5% 6 7% within a day or maybe a

Week or so and so you might have to get give yourself a lot of breing room but it is you know a technique that people use and something you can use on binance another tool you can use on binance to get in and out of your trades are the

Algo orders um so what we’re going to do is go over to that we can go to trade and then trading Bots and then from here we go to algo orders um so that is down here in right here so Auto invest we’ve seen we’re go to spot algo

Orders what is an algo order it’s a way to get in and out of crypto exactly how you want with two different methods one is called twap one is called POV or POV T WAP is time weighted average price and P POV is percentage of volume so what

We’re going to do here is use these and sell some Bitcoin so we’re going to go to sell BTC and we’re going to put amount in and what we can do is say I want to trade this Bitcoin over 12 hours so what this does is spread your order out over

A period in time so rather than saying I’ve got some Bitcoin to sell I want to sell right now you are spreading out the order over you know 12 hours and you’re getting a weighted average price of what was traded during that time this is better for bigger orders like if you’re

Trading a few hundred or something it it’s like obviously it’s irrelevant but if you’re trading thousands or tens of thousands you don’t want to trade all at once in case the price is volatile you just want to get a smooth average price over a certain trading session and you

You know if you’re selling out you can just do this day by day or something so you can do that over a Time weighted average price you can also do POV which is percentage of volume so what we’re saying here is you know the order expiry

Um we’re going to click and we’ll put the order expiry for you know one week um so let’s do that and then we can do a time and press okay during this time right during the week that I want to sell I want to get percentage of volume Done Right each day

And I’m kind of low urgency so just over this week you know regularly sell or i w really want to get it done over this time so be be aggressive medium medium to low is fine that just spreads your order out over a specific time period that is really something for bigger

Orders and if you’re looking to actually trade out during Cycles because we’ve seen those cycles and how they play out if you’re looking for an area that you actually want to take some profits if you’ve seen you know that you’re more or less towards the upper end of a range

But things are really volatile and they’re moving a lot you can just smooth out your orders over a certain time frame and get you know hopefully better average prices for your trades I’ll leave a link to my crypto investor course down below if you want to get even more professional there’s over 300

Videos in there I’m James mg cheers for watching and I’ll see you in the next one