#ShareMyTrades a strategy I use to consistently increase wealth is to take advantage of the
#loans loan rates from Binance, which is around 6% annualized. The
#stepbystep :
1 - I buy
$PAXG , in this example 70 USDT.
2 - In the Binance Pro function, I go to Finance 》 Loansx》 Start Loans
3 - I choose the purchased Paxgold as collateral and click Max
4 - I choose USDT or USDC to borrow.
5 - I use the borrowed money to buy 60%
$PAXG and 30% another currency of my choice, like
$OM in cross margin trading, keeping at least level 10 of margin and let it yield, collecting profits according to market movements.
Advantages:
1 - Paxg is backed by gold and is unlikely to have a market value lower than the price you entered in a year.
2 - It will be earning in Earn with normal APR until you pay off the debt.
3 - If you use leverage wisely, you can pay off the loan in less than a year and still reap good profits.
And you? What strategy do you use that is worth
#ouro and keep it a secret? It is good to share and help others improve their trading!