Binance Trading insight: The most comprehensive and accessible method for entering the market | Tools for providing direction, selecting targets, and conducting post-trade analysis

Binance's Trading insight has been launched for some time, but it seems to have been relatively low-key, with few users utilizing it. Surprisingly, when I asked some friends, none of them were aware of this feature.

In fact, the Trading insight feature is quite useful. For most traders, it can provide direction for short-term trading, help select targets for long-term trading, and facilitate post-trade analysis for mid-term trading. It's a boon for both long-term and short-term traders.

Recently, a new feature has been added, allowing users to view their trading performance scores and receive intelligent position optimization suggestions.

Such a great tool should not be kept to oneself. It's better to share it with everyone and suggest that they try it out to see if it can benefit their trading.

1️⃣ What is Trading insight?

"Trading insight" is a functional tool launched on the Binance App to assist with trading. It can be understood as providing in-depth analysis and directional insights into market trends, trading strategies, and specific cryptocurrency or market behaviors. These insights are typically derived from observations and analysis of trading data, market dynamics, and user behavior.

After analysis, it can provide users with profit and loss analysis at the cryptocurrency level, trading performance analysis, optimization suggestions, and the ability to simulate portfolio creation and observe simulated portfolio performance.

The aim is to help traders understand their trading styles, summarize their trading gains and losses, and validate trading strategies through simulated positions, thereby improving their trading abilities without risk.

2️⃣ How to access Trading insight

Many people have not used this powerful feature built into the Binance App. The entry method is as follows:

1) Click on the homepage and select the "More" button.

2) Search for "Trading insight" to access the page.

It is recommended to place it as a shortcut on the homepage because it is really useful.

3️⃣ What functions does Trading insight have?

Here are some elements related to "Binance's Trading insight":

Market analysis: Binance's Trading insight may include predictions of specific cryptocurrency price trends, market sentiment analysis, and discussions on how macroeconomic factors affect the cryptocurrency market.

Position analysis and optimization: This is very useful. Trading insight can provide an analysis of the profit and loss trends of aggregated holdings (excluding stablecoins) in all wallets on a daily and cumulative basis, as well as the profit and loss values of the top 5 assets with the most impact. This solves the problem of users having a scattered view of a certain asset across different wallets. It also provides unique attribution and insights into the main profit and loss, gives users a score for profitability and stability over the past year, enhances users' awareness of their own trading abilities, and based on this, recommends suitable investment portfolios.

One-click creation of risk-free simulated portfolios and viewing the daily performance of the portfolios to validate trading strategies, providing tools to improve the success rate of actual trading.

New project launches: When Binance launches new projects, related Trading insight may include analysis of the future potential of these projects, how to participate in trading these projects, and expectations for market reactions.

I noticed that the HMSTR, which was recently launched on Launchpool, has also synchronized the airdrop function on Trading insight, providing a summary of popular posts, offering opportunities for shorting futures, and calculating airdrop yields.

User behavior and market sentiment: By analyzing trading volume on the platform, user participation, and discussions on social media, Binance can provide insights into market sentiment to help users judge the market's long and short positions.

Technical analysis and tools: This includes analysis of candlestick charts, trading volume, and other technical indicators. Binance may provide or recommend some tools or methods to help users make more accurate trading decisions.

Real-time data and events: Analysis of real-time market data and the impact of major events (such as policy changes, technical upgrades, etc.) on the market.

4️⃣ What do I like most about Trading insight?

Because I mainly engage in spot trading and prefer medium to long-term value investments, I personally find that Trading insight mainly helps me with market analysis, data detection, and sentiment monitoring.

With the newly launched feature, I can better view my profit and loss, and also see the system's recommended positions. I can compare my positions with the recommended ones by creating a simulated portfolio based on the recommendations.

For example, I started a simulated investment portfolio on September 12 and found that the investment portfolio recommended by the system outperformed my original position in terms of both maximum returns and minimum drawdown.

So, for a spot trader like me, this kind of recommendation feature is very useful.

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