futures trading, which includes cryptocurrencies, involves speculating on the price of items without owning them. Traders can speculate on the price of a digital currency in the future using cryptocurrency futures, similar to stock and commodity futures.
Make over $8000 in 30 days with just $100 trading Binance futures.
Follow these steps to make money trading futures on Binance. This strategy also works with any initial deposit. The first thing you need to do is transfer some funds from your Binance Spot wallet to your futures. It is recommended to opt for USD(s)-M futures on Binance because your profits will be in USD.
Select your cryptocurrency, which will be USDT, then select the amount and confirm your transfer. Once you have done that, it means your money is in your futures wallet. Once the transfer is complete, select futures and choose Sui.USDT (or any trending pair).
Enter the amount you will invest and choose isolation with 10x leverage.
Now, the trading strategy. Switch to the Heikin Ashi candle to correctly see the trends. Wait for a large green candle with no lower wick or a large red candle with no upper wick to appear. If you see either of the two, it means there is a strong movement in that direction (bullish or bearish).
But to further reduce risk, let's add some indicators: EMA and stochastic RSI. Add EMA: exponential moving average indicator with a length of 200. Note that whenever the candle closes below the 200 moving average, there is generally a bearish trend. A bullish trend generally occurs when it closes above the 200 moving average.
Add the stochastic indicator
Add the stochastic RSI: use it to get your entry and exit points. Leave the default style values at 80 and 20. Leave the input as 3, 3, 14, 14, Close. If the stochastic RSI crosses the upper band, it means the market is overbought, so sell. If the stochastic RSI crosses the lower band, it means the market is oversold, so buy. This strategy only works for a trending market. Enter your trade in the following.
*Take profit at 3%
*Stop loss at 1.5%
*Make 2 highly selective trades per day to reduce risk.
With that, you will obtain approximately $8,000 in profits with a basic initial deposit of $100 and a win rate of 60% in one month. This is not financial advice, and trading in any form involves risks, so do your own research.
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