There are basically two types of trading on binance generally (SPOT trading and FUTURES trading
📌 Spot Trading: you buy any coin of your choice at any given rate, you HOLD for it to rise higher, you sell at any point you feel it has risen enough
📌 FUTURES trading: you predict whether a particular coin is going to rise of fall in price, if it goes in opposite direction from your prediction, you lose your money and your coin
Note: In SPOT trading, you can never lose your coin, the worth of your coin can only reduce but your coin remains to rise again in worth when the market goes green.
Yes, I prefer spot trading, When my financial condition is sufficient for daily needs. However, spot trading must have patience, and must have a high mentality when the market is dump. This trading technique is perfect for new traders, provided that don't buy coin memes. Since the future of the meme coin is unpredictable, it may die in the market due to the abandonment of its owner.