**How to Earn $100 Daily from Spot Trading: A Simple Guide**
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1. **Set a Clear Goal**
- Aim to make $100 per day.
- Break it down: Try for 4 trades with $25 profit each, or 2 trades with $50 profit each.
2. **Capital Needed**
- Start with at least $10,000 to trade safely.
- With less money, be prepared for higher risks to reach $100.
3. **Choose the Right Assets**
- Trade well-known cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) because they have high trading volume and price movement.
- This allows for easy entry and exit without large price swings.
4. **Trading Strategies**
- **Day Trading:** Make quick trades lasting minutes or hours.
- **Scalping:** Perform multiple small trades aiming for $10-$25 profit each.
- **Breakout Trading:** Trade when prices break significant levels.
- **Swing Trading:** Hold trades for 1-2 days if the market trend is strong.
5. **Use Basic Technical Analysis**
- **Moving Averages:** Identify trends.
- **RSI:** Check if a coin is overbought or oversold.
- **Bollinger Bands:** Measure price volatility.
6. **Manage Risks**
- Never risk more than 1-2% of your capital per trade.
- For a $10,000 account, risk $100-$200 per trade.
- Use stop-loss orders to limit losses and take-profit orders to secure gains.
7. **Stay Informed**
- Monitor market news and updates that might affect prices.
- Use alerts or news apps for timely information.
- Make 3 trades with $33 profit each.
By following these steps, staying disciplined, and managing risks effectively, you can work towards earning $100 daily from spot trading.
