As promised, now I will explain to you how to earn $40 daily from Polygon (MATIC) $POL
Trading in digital currencies has become a popular way to achieve daily income, and among the distinctive currencies for this strategy is the $POL Polygon (MATIC) currency. To achieve a profit of $40 daily from price fluctuations between $0.5 and $0.6, you need a solid plan and follow thoughtful steps.
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Practical steps to achieve profit
1. Buy the appropriate amount
At a price of $0.5, you need to buy 400 MATIC coins to achieve a profit of $40 when the price reaches $0.6.
Required capital: $200.
Expected profit: The difference between the purchase and sale price ($0.1 per coin) multiplied by the number of coins.
2. Calculating fees on the Binance platform
Binance charges a standard trading fee of 0.1% on each transaction (buy or sell).
Buy Fee: $0.2.
Sell Fee: $0.24.
Net Profit After Fee: $39.56.
3. Reduce Fees
You can reduce fees by using a currency to pay, which reduces the percentage to 0.075%.
4. Use Analysis Tools
Monitor price movements using tools like TradingView, and determine entry and exit points based on technical analysis.
Additional Tips for Success
Use a specific strategy to avoid risks.
Start with a small capital until you master trading.
Follow news related to the market and cryptocurrencies.