What metrics should I look at to know if I have made money on Binance?

3 answers

• Dec 16, 2021 · 3 years ago
  To assess your profitability on Binance, you should primarily focus on metrics such as your overall portfolio value, return on investment (ROI), and trading volume. These metrics will give you a clear picture of your financial performance. Additionally, you can track your success by analyzing your trading history, including the number of winning trades, average profit per trade, and the percentage of profitable trades. It's also important to consider factors like fees and transaction costs to accurately evaluate your profitability.
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• Dec 16, 2021 · 3 years ago
  When it comes to determining your profitability on Binance, it's crucial to keep an eye on your portfolio's value and the percentage change in value over time. This will help you understand if your investments are growing or shrinking. Another important metric is your trading performance, which can be measured by analyzing your trading history, including the number of trades executed, the average trade size, and the success rate of your trades. By regularly monitoring these metrics, you can gauge your success and make informed decisions to improve your profitability.
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• Dec 16, 2021 · 3 years ago
  As an expert at BYDFi, I can tell you that the key metrics to look at on Binance to assess your profitability include your overall portfolio value, return on investment (ROI), and trading volume. These metrics will give you a comprehensive understanding of your financial performance. Additionally, it's important to analyze your trading history, including factors like the number of winning trades, average profit per trade, and the percentage of profitable trades. By keeping a close eye on these metrics, you can effectively evaluate your success and make data-driven decisions to maximize your profits.
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