Futures trading on Binance can generate significant profits, but it requires discipline, strategy, and risk management. Here’s a straightforward method to aim for $100 per day:
1. Strategy Based on Price Movements
Choose volatile cryptocurrencies: Focus on highly volatile assets like BTC, ETH, or BNB.
Reasonable leverage: Use moderate leverage, such as x5, to avoid excessive risks.
Technical analysis: Utilize indicators like moving averages (MA), RSI, or Bollinger Bands to identify entry and exit points.
2. Practical Example
Initial capital: $1,000.
Daily profit target: 10% ($100).
You spot a buying opportunity on BTC at $30,000 and anticipate a 1% price increase.
With x5 leverage, a 1% movement translates to a 5% profit on your position. A $2,000 position (including leverage) yields $100 if your prediction is correct.
3. Risk Management
Set a stop-loss to limit losses to 1% of your capital, i.e., $10.
Never invest all your capital in a single position.
Key Tips
Control your emotions: Avoid impulsive decisions.
Practice with a demo account first to refine your strategies.
Keep a trading journal to analyze your successes and mistakes.
With a solid strategy and strict risk management, achieving this daily target is possible. However, remember that trading involves
risks, and you could lose your capital.
