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 HODL 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
Everyone knows what works best for them, I’ve seen a lot of people who would always tell you that Futures Trading is the best for them, and there are also those who would prefer Spot Trading. So, it is up to you as a trader to know what is right for you, whatever you feel that you will be able to do and do it perfectly, then it is best to just do that. Mostly what I do is Spot Trading,and I hardly do the Futures Trading.
But, it’s good to always try out the different ways of trading, they are quite fun and you will also get to experience them and learn a lot, and as well get to know what is going to fit in for you better. That’s it from me.