HOW TO MAKE $100 DAILY FROM SPOT TRADING: A SIMPLE & EFFECTIVE GUIDE 😱😱🚀🚀

1. Set a Practical Profit Target Aim to make $100 per day. Break it down: Try for 4 trades of $25 each, or 2 trades of $50.

2. Capital Requirement Start with at least $10,000 for more secure trading. If you have less, you'll need to take on higher risk to reach the $100 goal.

3. Choose the Right Assets Focus on high-volume cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) to ensure smooth trades with minimal price fluctuations.

4. Trading Strategies

Day Trading: Make short-term trades, holding for a few minutes or hours.

Scalping: Execute multiple small trades with profits ranging from $10 to $25.

Breakout Trading: Trade when prices surpass key levels.

Swing Trading: Hold trades for 1-2 days if a trend is strong.

5. Use Basic Technical Analysis

Moving Averages: Identify trends.

RSI: Determine if an asset is oversold or overbought.

Bollinger Bands: Gauge volatility.

6. Risk Management Limit risk to 1-2% of your capital per trade. Example: With $10,000, risk only $100-$200 per trade. Use stop-loss orders to protect your funds and take-profit orders to secure gains.

7. Stay Informed Monitor the market, news, and events that could impact prices. Use alerts or news aggregators for real-time updates.

8. Diversify Your Trades Avoid putting all your money into one asset. Spread your trades across different cryptocurrencies.

9. Track Your Performance Keep a simple log to analyze your trades and identify areas for improvement.

10. Daily Profit Plan If you have $5,000 and aim for a 2% return:

2% of $5,000 = $100.

Make 3 trades, targeting $33 profit each.

By following this straightforward approach with discipline and effective risk management, you can work towards earning $100 a day from spot trading.

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