If you are new to #BINANCE, on a low budget and still need some reassurance, this is for you!
FIRSTLY, don't be afraid! The prices of coins, people posts about their earnings, all this could be somewhat discouraging, and you might find yourself as being a fish in a pool of sharks.
Often, newcomers like myself, who have very little investment, and look to make small, quick profits are branded as 'clowns'. But, there is nothing wrong with this strategy.
Infact, for newcomers this is THE ONLY strategy. The best thing for a low budget investor is to find a coin with a slightly low value ( so you can buy a large volume of that coin) and have a look at the graph to see patterns of the rise and decline of the value. Also look at the 24 low and 24 high. This will give you some idea of potential of the coin as to how high it has risen in value, and also how low it can possibly go. The you look at the current rate and know where you stand.
Buying when the price dips, and selling when the price is high will enable you to make quick profits, increase your budget and enable you to invest more than the last time.
Look for volatile coins like
$FUN This is a good starting point. To make things simple, buy at around 0.006, and hold to atleast 00.12.
Cash the profits, then repeat the process. Once you have multiplies your money, you can invest half back into
$FUN and half into something a bit different like
$XRP A good buying point for XRP would be around the 1.70 mark. Sell at around 2.2
Small little ventures like this will see you make small, but visible gains, help you understand the market better and enable you to continue multiplying your money.
#ScalpingStrategy