How to Earn £100 Daily from Spot Trading: Simple & Effective Guide
Target: £100/day.
1. Set a Realistic Profit Goal
2. Capital Needed
Start with at least £10,000 for safer trading.
If you have less, you'll need to accept higher risk to hit £100.
3. Pick the Right Assets
Trade popular cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) that have high volume and price movement.
This ensures quick entry and exit without big price changes.
4. Trading Strategy
Day Trading: Short-term trades lasting a few minutes or hours.
Scalping: Make several small trades for £10-£25 each.
Breakout Trading: Trade when the price breaks key levels.
Swing Trading: Hold a trade for 1-2 days if the market trend is strong.
5. Use Simple Technical Analysis
Use basic tools like:
Moving Averages: Spot trends.
RSI: Find if a coin is oversold or overbought.
Bollinger Bands: Measure volatility.
6. Risk Management
Never risk more than 1-2% of your capital on any trade.
Example: With £10,000, risk £100-£200 per trade.
Use stop-loss to protect your capital and take-profit to lock gains.
7. Stay Updated
Keep an eye on the market, news, and any updates that could move prices.
Use alerts or news aggregators for quick updates.
8. Diversify Your Trades
Don’t bet everything on one coin. Spread your trades across a few different cryptocurrencies.
9. Track Your Progress
Keep a simple log of your trades to see what’s working and where you can improve.
10. Simple Daily Profit Plan
If you have £5,000 and want a 2% return:
2% of £5,000 = £100.
Make 3 trades aiming for £33 profit each.
With this simple approach, discipline, and good risk management, you can work towards earning £100 daily from spot trading.
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