$XRP After previously explaining that leverage can be an enemy for beginners, spot can be a weapon for those who want to trade more safely. So, how do you make a profit by trading spot in crypto?
1 Be a skilled trend follower.
When you decide to only trade spot, then there is only one direction that can be relied on: that is, the price is increasing. Therefore, being a trend follower can be the main strategy that can be done. Identify where the strong support is and where we should make purchases from the increasing trend.
2 Master Narrative Trading.
Without using leverage by mastering narrative trading we can still gain profit in the spot market. There are so many narratives in the market and by rotating the capital owned from one narrative to another, the capital we have can continue to compound.