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HOW TO BECOME A MILLIONAIRE ON BINANCE.
In the following post, I will teach the rule of 3, and also depending on the amount you have to start, you can make more than 1 salary per month on Binance.
The tips are valid for all amounts, $10, $100, $1,000, $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?
Rule of 3 is the percentage number that we will use in all trades.
For example, I have $10,000 to invest, I will not invest the $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, I would make 100 purchases of $100 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, 3% of $100 is $3, so when the value reaches $103, you sell.
In some cases, it may rise to $105, $107, this is sometimes normal; if this happens, just sell, don’t wait for it to go up more, because the market fluctuates, it goes up and down.
Do not make sales below 1%, why?
Compared to other platforms, Binance 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, it is 7.5 cents ($0.075).
So on the purchase of $100 and on the sale of $103, the fees would be almost 16 cents for both transactions.
And if I buy $100, and the coin starts to drop in price?
The first tip is to wait because the market is volatile, it goes up and down... However, if it drops significantly, like to $50, with the profit from the others, you buy another $50 and leave it in the account, eventually it will go up.
I recommend buying $SHIB $HUMA $PEPE
@Huma Finance 🟣#HumaFinance
Best regards.
In the following post, I will teach the rule of 3, and also depending on the amount you have to start, you can make more than 1 salary per month on Binance.
The tips are valid for all amounts, $10, $100, $1,000, $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?
Rule of 3 is the percentage number that we will use in all trades.
For example, I have $10,000 to invest, I will not invest the $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, I would make 100 purchases of $100 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, 3% of $100 is $3, so when the value reaches $103, you sell.
In some cases, it may rise to $105, $107, this is sometimes normal; if this happens, just sell, don’t wait for it to go up more, because the market fluctuates, it goes up and down.
Do not make sales below 1%, why?
Compared to other platforms, Binance 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, it is 7.5 cents ($0.075).
So on the purchase of $100 and on the sale of $103, the fees would be almost 16 cents for both transactions.
And if I buy $100, and the coin starts to drop in price?
The first tip is to wait because the market is volatile, it goes up and down... However, if it drops significantly, like to $50, with the profit from the others, you buy another $50 and leave it in the account, eventually it will go up.
I recommend buying $SHIB $HUMA $PEPE
@Huma Finance 🟣#HumaFinance
Best regards.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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