Here's how to earn $100 or more per day from crypto:
✅1. Conduct thorough research
🔺- Market analysis:
Update the latest news and trends. Follow reliable sources and monitor market sentiment.
🔺- Technical analysis:
Learn the basics, such as reading charts, understanding indicators, and recognizing patterns.
✅2. Choose the right currency
🔺- Cryptocurrency volatility:
Focus on coins with high trading volume and volatility for better profit opportunities.
🔺- Diversification:
Spread your investments across multiple currencies to minimize risk.
✅3. Set realistic goals
🔺 - Daily goals:
Set a realistic daily profit target and stick to it, avoid setting too ambitious targets which can lead to risky trading.
🔺 - Risk management:
Limit your risk per trade to a small percentage of your trading capital, usually no more than 1-2%.
✅4. Using Stop-Loss and Take-Profit* orders
🔺 - Stop loss:
Always place stop loss orders to limit potential losses.
🔺 - Take profit:
Make sure to profit with a take profit order when the market reaches your target price.
✅5. Take advantage of Binance tools
🔺 - Binance Academy:
Improve your trading knowledge using educational resources like Binance Academy.
🔺 - Trading bot:
Consider using an automated trading bot to execute trades based on predefined strategies.