Want to earn $10 daily from Binance, you can follow this method that depends on strategies
1. Trading with short-term strategies (day trading):
Technical Analysis: Learn how to read charts and technical indicators such as moving averages, RSI, MACD, and other tools that help you determine entry and exit points.
Choose fast moving pairs: Choose currency pairs that experience high daily fluctuations such as BTC/USDT, ETH/USDT, or any currencies with high liquidity.
Use leverage with caution: You can use leverage to make bigger profits, but be careful because it increases the risks.
2. Trading in rising and falling markets (Spot + Futures):
In Spot Markets: Choose currencies that you expect to rise steadily in value in the coming days and start buying them at a low price.
In the Futures Market: You can take advantage of market volatility by using futures contracts to trade in both directions, whether the market is rising or falling. But make sure to manage your risks carefully.
3. Take advantage of special offers (Airdrops and Staking):
Airdrops: Some cryptocurrencies offer free distributions to new investors. Look for these opportunities and sign up for the free offers.
Staking: Many coins offer returns on holding coins in your wallet through staking. Invest some capital in these opportunities to increase your income.
4. Accurate risk management:
Trade with caution: To avoid big losses, only invest what you can afford to lose. Use stop loss orders to reduce risk.
Set a profit target: Set a fixed daily target (such as $10) and stop trading when you reach that target. This prevents you from taking on too much risk.
5. Daily market evaluation:
Monitor the news: Keep an eye on market news as it has a significant impact on prices. Major economic events such as interest rate updates or crypto governance news influence trends.
Practical example:
1. Small investment: Start with $1000.
2. Trading: Enter into a trade on the $BTC /USDT pair.
In due time (after careful analysis).
3. Profit goal: You aim to earn 1% daily, i.e. a profit of 10 rounds.
4. Periodic analysis: Monitor the market and adjust your strategy based on the conditions.
Continuing this way can help you achieve your daily goal with moderate risk.