How to earn on spot trading?
Okay,
spot trading
gathered the most of reactions
๐ฅ, so I'm starting with this topic.
To earn using the
spot trading, you need to have two things:
1๏ธโฃ account on centralized exchange (CEX). I recommend
Huobi,
OKX or
ProBit as tested by me and not having mandatory KYC.
2๏ธโฃ minimum 100 USDT on a balance. You can count on 5-10% of profits weekly, so it is ~25% of profit monthly. If someone promises you higher profits, it is a scam. They will offer you fake pumps or leverage trading deals where you will lose your entire deposit amount after the first misfire. And when you're without funds,
you're out of the game and must to earn for the new deposit again.
Noone channel with leverage trading made someone a millionaire.
Now what is to do with your deposit:
1๏ธโฃ Find a highly volatile coin. The coins I've chosen are Ethereum Classic (ETC) and Aptos (APT) for example. Note that volatile coin can lose its volatility, so you may will have to search for another coin in the future.
2๏ธโฃ Wait when a coin's price become at a local bottom (during this week/month).
3๏ธโฃ Log in to your CEX's account and buy the coin. If you have a deposit of 100 USDT for example, you may start to buy at 50% share of your deposit. Remained 50 USDT may be used for a possible continuation of a price drop to make average buy price more favourable.
4๏ธโฃ Wait for a price up. When a coin's price will up say at 10%, you sell it to USDT and withdraw the profit (in this case it is $5 from 50% of portfolio deal, or $10 if you have used all your deposit which is 100 USDT in our example). If you have larger deposit, say 1000 USDT or 10,000 USDT, you will earn more. But if you're a newbie, it make sense to start from not so large test deposit.
Do not bring all your funds into the market ever.
Some examples of my such deals I've published in this free channel:
โ
I bought Aptos at $11.66 average price
starting from Feb 22 and
sold it at $13.97 on Mar 18. A profit was
19% for all the position, and actual profit was 6% because I remained part of the profit in APT coins then. The time from entering into position to the profit was
24 days.
โ
I
bought ETC at $19.99 price on Mar 3 and
sold it at $22.97 on Apr 14. A profit was
15%. The time from entering into position to the profit was
42 days.
So as you see I don't promise you tremendous profits. Don't follow anyone promising you to earn fast and so much, more likely you'll just lose your funds as I mentioned at the beginning of the post.
If this guy earns so much, why does he need you and your funds? Ask this question every time you faced with aggressive advertising of tremendous profits.
If you want to be able to identify such volatile coins and earn with me, send me a private message
@inv099, and I will add you to my private channel, where I post information on how to do it and all my deals in real-time video.
***
๐ช More options to earn on crypto:
๐น long-term investment portfolio |
๐งairdrops |
๐ฅ blockchain nodes|
๐ฎ P2E |
๐ crypto casino #spot #marketphilosophy #article