To earn $100-$250 per day on Binance, it is necessary to follow some basic rules. Here are 10 important guidelines to help you achieve this goal:
1. Market research and analysis:
Monitor the market daily and learn technical analysis. Use various indicators and charts to analyze market trends and make informed decisions.
2. Create a trading plan:
Develop a well-structured trading plan and stick to it. Set clear goals and strategies, and follow a specific strategy for each trade.
3. Risk management:
Use stop loss orders to reduce risk on every trade. Do not risk more than a specified percentage of your trading capital in a single trade.
4. Use leverage with caution:
Be careful with leveraged trading. Avoid using high leverage; Instead, use a balanced amount to manage risk effectively, as high leverage increases the likelihood of significant losses.
5. Diversify your investment portfolio:
Invest in a variety of cryptocurrencies to spread the risk. Avoid putting all your money in one currency.
6. Fundamental analysis:
Understand the projects, teams, and activities behind the currencies you invest in. Good fundamental analysis helps in making profitable trades in the long term.
7. Use trading robots:
Consider using trading bots for automated trading.
