To make $10 each day on Binance, you can try different trading methods, each with its own way of working and level of effort required.
1. Day Trading: This means buying and selling assets within the same day to take advantage of quick price changes. You need to watch the market closely and use tools to find good trading opportunities.
2. Scalping: This is a fast-paced strategy where you make many small trades throughout the day to capture tiny price movements. It requires quick decisions and a lot of time.
3. Swing Trading: With this approach, you hold onto assets for a few days or weeks to benefit from short to medium-term price changes. It relies on understanding market trends and using analysis to decide when to buy and sell.
4. Using Trading Bots: Binance offers trading bots that can automatically make trades based on set rules and algorithms. This lets you trade all day with little effort on your part.
5. Yield Farming and Staking: These methods let you earn passive income by providing liquidity to trading pairs or staking certain cryptocurrencies. You don’t need to trade actively, but you should choose your assets carefully and be aware of the risks.
Each method has its own pros and cons, so it’s a good idea to start with a small investment to try out your preferred strategy and manage your risks carefully.