To earn as many dollars as possible by trading in crypto, you need to follow these steps and strategies:
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1. Basics of Crypto Trading
Spot Trading: Buy low, sell high — in simple words.
Futures Trading: You bet on the price without buying the actual coins — this involves more risk but can also yield higher profits.
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2. Choosing the Right Platform
You have a Binance account, which is great. On Binance:
Facilities for both Spot and Futures
Low fees and high liquidity
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3. Start Learning
Technical Analysis: Reading charts, understanding indicators like RSI, MACD, Moving Averages
Fundamental Analysis: Knowing news, updates, and the actual importance of coins
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4. Learn Risk Management
Always set a Stop-Loss
Do not invest all funds in one trade (1-5% rule)
Avoid emotional decisions
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5. Trading Strategies
Scalping: Very small profits, several trades in a day
Swing Trading: Trading on price fluctuations over 1-7 days
Position Trading: Holding for months (in both Futures or Spot)
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6. Tips for Earning More Dollars
Master Futures with leverage (e.g., 10x, 20x — but very cautiously)
Learn news-based trading — trade on events like Bitcoin ETF, halving, or a new coin listing.
