$BTC

How to Make $100 Daily from Spot Trading: A Simple and Effective Guide 1. Set a Realistic Profit Goal Goal: $100

How to Make $100 Daily from Spot Trading: A Simple and Effective Guide

1. Set a Realistic Profit Goal

Goal: $100 daily.

Strategy: Break it down into several stages. Try 4 trades with a profit of $25 each, or 2 trades with a profit of $50.

2. Required Capital

Start with at least $10,000 for safer trading.

If you have less capital, you will have to take higher risks to reach $100.

3. Choose the Right Assets

Trade popular cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) with high volume and significant price movements.

This ensures quick entry and exit without major price changes.

4. Trading Strategy

Day Trading: Short-term trades lasting a few minutes or hours.

Scalping: Make several small trades with a profit of between $10 and $25 per trade.

Breakout Trading: Trade when the price breaks through key levels.

Swing Trading: Keep the trade open for a day or two if the market trend is strong.

5. Use Simple Technical Analysis

Use basic tools such as:

Moving Averages: Instant trends.

Relative Strength Index: Determine if the currency is overbought or oversold.

Bollinger Bands: Measure volatility.