Making $5,000 to $10,000 per day is possible on Binance even as a #newbies trader, but most people don't know.
In this guide, I'll share you insights that could help you make this much without having to learn too much technical analysis or charts.
The Grid Bot 🔛
This is also referred to as Binance Strategy Trading and it is built for automating trades. Here are some key things to know;
1. This bot can be manually set up or automatically used.
2. On automatical set up, the bot does analysis on the price history and movements of a coin, inorder to calculate future directions.💹
3. Once parameters have been provided for you, all you need do is to decide how much capital you want to trade with. I recommend using about 1 to 10% of your portfolio on a first time basis.
4. This bot is built for both spot and futures traders.
5. The main advantage of the bot is that, it does #crypto arbitrage for you at regular intervals. This means that it buys and sells an asset at a regular interval until you are comfortable with the profits. This benefits spot traders alot.
The above picture shows you the potential worths and profits generated using the Binance #TradingStrategy Bots.
List of Trading Bots On #Binance 🤖
1. Futures Grid
2. Spot Grid
3. DCA Bot
4. TWAP bot
5. VP bot
6. Others....🛑
Summary
While these bots have the potentials to make you profits, they also have the potentials to make you losses. Understanding how it works and how to use them is key. Binance has created tons of materials and mock up, so you can get used to it. $50k per week is very very feasible and may be capital dependent. However, you can always start reasonably.
If you've had a good or bad experience with these bots, please share them below 👇
I'll be reading and responding to all comments 🛑
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Disclaimer
This article is not to be regarded as financial advice, please do well to #dyor 🙏.
