HOW TO BECOME A MILLIONAIRE ON BINANCE.
In the following post, I will teach you the rule of 3, and also depending on the amount you have to start, you can earn more than 1 salary per month on Binance.
The tips are valid for all amounts, 10 dollars, 100 dollars, 1,000 dollars, 10,000.
What you need to understand is that this is a percentage rule, you MUST respect this rule.
You can choose 1%, 2%, or 3%, the purpose of the post is the number 3.
What is the rule of 3, and how to apply it?
The rule of 3 is the percentage number that we will use in all trades.
For example, I have 10,000 dollars to invest; I won't invest all 10,000 in just one cryptocurrency, but in 50 or 100 cryptocurrencies.
Why 50 or 100? Because the chance of losing is much lower compared to just one.
So if I have 10,000 dollars, I would make 100 purchases of 100 dollars for each cryptocurrency.
And when to sell?
The sale will be made when the value hits 3%, which is the rule.
For example, you bought 100 dollars, 3% of 100 dollars is 3 dollars, so when the value reaches 103 dollars, you sell.
In some cases, it might go up to 105 dollars, 107 dollars; this is normal sometimes. If this happens, just sell, do not wait for it to go up more, because the market fluctuates, it goes up and down.
Do not make sales below 1%, why?
Binance compared to other platforms charges an extremely SMALL fee for purchases and sales.
How much do they charge?
0.075% of the value.
If I calculate 0.075% of 100 dollars, it is 7.5 cents (0.075 dollars).
So in the purchase of 100, and in the sale of 103, the fees would be almost 16 cents in both transactions.
And if I buy 100 dollars, and the price of the coin starts to go down?
The first tip is to wait, because the market is volatile, it goes up and down... However, if it happens to drop a lot, like to 50 dollars, with the profits from the others, you buy again 50, and leave it in the account; eventually, it will go up.
I recommend the purchase of $SHIB $HUMA $PEPE
Cheers.
