#Newbie
I am not an investment specialist. So as a trader I also make a mistake when I first start trading. I started my journey as a trader with a few hundred usd. You can't make much money with a few hundred usd by spot trading.
For example You have $100. You buy a coin at a price of $.065 usd.You have 1538.46 coins. It takes time to go for a price $.1 or even sometimes higher. Then you make profit double or triple.
But it will remain $.05 to $.08 for a long time. If you sell at a price of $.07 you get $107.69 usd ( if $.08= $123.07)
But if someone invests $100k they get 1538461.53 coins. He will sell coins at different prices. And make a very very good profit.
And also sometimes coins goes down 👇. #Before investing #Do #Your #Own #Research. Invest which you can bear if you lose.

#MyFirstSquarePost Hello, Binance Square!
Don't listen to anyone. DYOR first. Many of us copy post articles to show you that we know everything about trading. Actually some of them don't have enough trading experience and money. My first crypto was #Solana when it was at a rate of USD 35. I bought some and suddenly it goes down. I panicked and sold and made a loss. Then I bought it again when #Solana was at the rate of 9 to 10 USD. I buy and sell #Solana at a price of around 15 to 30 many times. After some profit I bought at 20 and waited a long time and the rest all of us know. I bought some coins like #Doge #Pepe #Floki #Shibainu #Meme #Bonk #Icp . I buy at a low price and sell at a high price . I always backup some of My funds. If a coin goes down I can buy it again with my remaining funds. Don't panic stay calm. Do Your Own Research before investing. Invest money which if you lose doesn't affect your daily life. Don't make your life hell by losing everything.... #TradingCanMakeYourLifeEasyalsoCanmakeitHell