How to strive to earn $10 daily on the Binance platform. Earning a fixed amount like $10 daily on a cryptocurrency trading platform like Binance is a realistic goal for many traders, but it requires a clear understanding of risks, having capital to start, and an organized strategy. This goal cannot be achieved without an initial investment or taking on risks. 1. Determine the required capital to achieve the daily goal Suppose you aim to earn $10 daily ($300 monthly). The capital you need depends on the percentage of daily profit you can realistically achieve. If you aim for a profit of 1% daily: you will need a trading capital of approximately $1,000. $1,000 × 1% = $10 daily profit. If you aim for a profit of 2% daily: you will need a trading capital of approximately $500. $500 × 2% = $10 daily profit. Important Note: Achieving a consistent profit of 1-2% daily is a significant challenge and comes with the risk of substantial losses. 2. The most common strategies for achieving daily income To achieve daily profits, traders tend to focus on short-term trading strategies: A. Day Trading This is the most straightforward strategy. It is based on buying and selling crypto assets (like Bitcoin or highly liquid altcoins) within the same trading day to benefit from small price movements. Requirements: Skills in technical analysis, reading charts, and regularly following market news. How to achieve the goal: Look for trades you expect to yield a rise of 0.5% to 1%, and execute multiple trades throughout the day until you reach the total targeted profit ($10). B. Scalping Scalping is a shorter-term form of day trading, where traders open and close positions within minutes or even seconds to gain very small profits (fractions of a percentage point) but at a high frequency. Requirements: High focus, fast order execution, and trading in large volumes to take advantage of the smallest price movement. Risk: Very high, requiring a deep understanding of the Depth of Market. C. Trading New Listings Sometimes, cryptocurrencies that are newly listed on Binance can achieve massive price jumps in the early hours. Traders can buy right after the listing and sell quickly to realize fast gains. Risk: Extremely high; the price may rise and then collapse rapidly, resulting in the loss of invested capital. 3. Essential risk management tools No trader can achieve sustainable profits without strict risk management. These tools are essential to protect your capital: $BTC $BNB $BNB #BTCPriceVolatilityNow #StrategyBTCPurchase #FedOfficialsSpeak #BinanceHODLerEDEN