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Author Topic: Looking for tutorial that'll teach me to use tools in binance.us market exchange  (Read 90 times)
6erth6rind6ain (OP)
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April 16, 2021, 11:07:52 AM
Merited by DdmrDdmr (1)
 #1

I'm Looking for a tutorial that'll teach me to use tools in binance.us market exchange, such as "how to display a limit order on the graph", or how to draw/erase trend lines, how to change colors of lines on the graph, what the blue, red and purple lines mean on a red/green candle graph, etc.

I've been searching for one via google/youtube and all I find are tutorials on how to setup an account on binance, but not how to use the graph tools. So far the only thing I know how to do, is understand what green candles vs. red candles mean, and how to create buy/sell limit orders.
OmegaStarScream
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April 16, 2021, 11:42:05 AM
Merited by DdmrDdmr (1)
 #2

Have you checked Binance Academy yet? They have a decent amount of educational videos but nothing that explains things in depth. Also, maybe your search shouldn't be specific to Binance but rather about limit orders, and whatever else you're looking for. Exchanges are generally very similar to each other so even if you don't find a video about Binance, you would still end up with a video explaining how things work (from another platform).

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DdmrDdmr
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April 16, 2021, 12:36:51 PM
 #3

I haven’t managed to see a thorough extensive interface guide, broken down by chapters. There are multiple videos around, but they are not seemingly thorough. You get better results by breaking down the items you want to search for, and prefixing them by the term Binance (i.e. Binance blue, red and purple lines will lead you to discover that they represent different moving averages).

I thought that the suggested Binance Academy would have in-depth explanations, but apparently not. The closest I’ve found are along the (general all-purpose) line of:
https://academy.binance.com/en/articles/basic-interface-guide
https://academy.binance.com/en/articles/advanced-interface-guide
Pmalek
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April 16, 2021, 12:41:22 PM
Merited by DdmrDdmr (1)
 #4

OmegaStarScream mentioned the Binance Academy so I did a search to see what I can find. Maybe the below resources can help a bit.

Limit and stop orders and how to use them on Binance:
https://academy.binance.com/en/articles/what-is-a-limit-order
https://academy.binance.com/en/articles/what-is-a-stop-limit-order

Trend Lines explained
https://academy.binance.com/en/articles/trend-lines-explained

Introduction to Candlesticks
https://academy.binance.com/en/articles/a-beginners-guide-to-candlestick-charts

Popular candlestick patterns
https://academy.binance.com/en/articles/beginners-candlestick-patterns

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TheBeardedBaby
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April 16, 2021, 08:06:52 PM
Last edit: April 18, 2021, 09:26:21 PM by TheBeardedBaby
 #5

Just a tip. Try with small amounts in the beginning just to get used to it then when you feel you are ready then you can use the amounts you want to risk.
another tip, the editable charts used in Binance are with tools from tradingview website. There you will find most of the tools needed to analyze the market. It's great and powerful tool  and much better than the crippled one on Binance.
My last tip. Don't buy blindly tickets just because are recommended by some anonymous Twitter guy with a few thousands followers. Always check what's behind the ticker and see if this project actually solves existing problems.

Stay away from pump&dump groups, you'll most likely be losing money there and it's not ethical as well.

Pmalek
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April 17, 2021, 01:18:37 PM
 #6

Just a tip. Try with small amounts in the beginning just to get used to it then when you feel you are ready then you can use the amounts you want to risk.
It's also a good idea to try out some of the crypto trading simulation platforms. I don't want to recommend any because I have personally never tried one, but I find the idea appealing. You will get the chance to use a crypto exchange in a training environment with fun money. You can play around with different markets, buy and sell coins, and learn your way around an exchange. Practice your strategies and investments in such an environment and then try to apply what you learned with a real trade.

@6erth6rind6ain
Try a search engine search for crypto trading simulation/platform and see what comes up. Be careful not to download something fake or malware infected.

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TheBeardedBaby
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April 18, 2021, 09:33:55 PM
 #7

Just a tip. Try with small amounts in the beginning just to get used to it then when you feel you are ready then you can use the amounts you want to risk.
It's also a good idea to try out some of the crypto trading simulation platforms. I don't want to recommend any because I have personally never tried one, but I find the idea appealing. You will get the chance to use a crypto exchange in a training environment with fun money. You can play around with different markets, buy and sell coins, and learn your way around an exchange. Practice your strategies and investments in such an environment and then try to apply what you learned with a real trade.

@6erth6rind6ain
Try a search engine search for crypto trading simulation/platform and see what comes up. Be careful not to download something fake or malware infected.

Yeah this could be a good practice at least to learn how the market is moving and find wath most of the tools do. Trading is a bit like flying an airplane that has a cockpit full of 1000 different indicators and tools and if you don't follow each and every one and read the signals you most likely will crash..
Back in the day I used Meta Trade to learn how to trade FOREX and apply different strategies nowadays there are many different products out there and you can get easily lost.
Good luck to the OP.

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