Here's a beginner's roadmap:

1. Setting Goals and Capital:

Daily Profit Target: $100 can be reached through several smaller trades.

Starting Capital: At least $10,000 is recommended for a conservative approach. Starting with less will increase the risks as larger percentage gains are needed to hit daily targets.

2. Choosing Assets:

Trade Established Cryptocurrencies: Focus on stable and liquid assets like Bitcoin (BTC) or Ethereum (ETH) to minimize unpredictable price movements.

Research Emerging Coins: If you’re more risk-tolerant, consider newer altcoins, but be cautious as they tend to be more volatile.

3. Trading Strategies:

Day Trading: Focus on quick trades, holding positions from minutes to hours.

Scalping: Make small profits across many trades, targeting gains of $10-$25 per trade.

Breakout Trading: Profit from price movements when an asset breaks key support or resistance levels.

Swing Trading: Hold positions for 1-2 days to capitalize on short-term trends.

4. Technical Analysis Essentials:

Moving Averages (MA): Track trends and smooth out price data for better clarity on market direction.

Relative Strength Index (RSI): Analyze whether an asset is overbought or oversold.

Bollinger Bands: Gauge volatility and anticipate price shifts.

5. Risk Management:

Limit Risk Per Trade: Only risk 1-2% of your capital per trade. With $10,000, that translates to $100-$200 at risk per trade.

Stop-Loss and Take-Profit: Automatically exit trades to minimize losses or lock in gains.

6. Staying Informed:

Market News: Keep track of major events and announcements that could impact the prices of your traded assets.

Set Alerts: Use real-time alerts for significant market changes.

7. Portfolio Diversification:

Spread Your Risk: Avoid concentrating all your trades in one asset to minimize potential losses.

8. Tracking and Analysis:

Maintain a Trading Journal: Keep detailed records of your trades to track performance, spot trends, and adjust your strategy.

9. Realistic Profit Calculations:

Example: With $5,000 capital, a 2% daily return would equal $100 profit.

Strategy: Aim for 3 trades each with a target profit of $33 to hit your goal.

10. Important Disclaimer:

While this roadmap provides a framework, earning $100 daily is not guaranteed. Spot trading is risky, and beginners should expect losses as they develop their skills. Always do your research, only trade with money you can afford to lose, and consider this a learning process.

This guide is for educational purposes and is not financial advice. Proceed with caution and practice in simulated environments before committing real funds.

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