#How to earn $ 100 daily with spot trading: simple and effective guide
1. Set a realistic profit target
Target: $ 100/day.
Strategy: divide. Try to make 4 trades of $ 25 profit each, or 2 trades of $ 50.
2. Necessary capital
Start with at least $ 10.000 for a safer trade.
If you have less, you will need to accept a higher risk to reach $ 100.
3. Choose 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 large price changes.
4. Trading strategy
Day Trading: short-term trades lasting a few minutes or hours.
Scalping: make several small trades of $ 10 to $ 25 each.
Breakout Trading: trade when the price breaks through key levels.
Swing Trading: hold a trade for 1 to 2 days if the market trend is strong.
5. Use Simple Technical Analysis
Use basic tools like:
Moving Averages: Identify trends.
RSI: Find out 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 in 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 record of your trades to see what is working and where you can improve.
10. Simple Daily Profit Plan
If you have $ 5.000 and want a return of 2%:
2% of $ 5.000 = $ 100.
Make 3 trades aiming for a profit of $ 33 each.
