How to Turn $10 into $100 with Scalping on Binance
Scalping is a fast-paced trading strategy that involves making multiple small trades to earn quick profits. If you have just $10 on Binance and want to grow it to $100, scalping can be an effective method.
What is Scalping?
Scalping is a short-term trading technique where traders buy and sell assets within minutes or seconds to capture small price movements. By repeating this process multiple times, profits add up.
How to Start Scalping on Binance
1. Choose a Highly Volatile Trading Pair
Look for coins with high trading volume and price fluctuations, such as BTC/USDT, ETH/USDT, or BNB/USDT.
Avoid low-volume coins as they may not move enough for scalping.
2. Use a Small Leverage (Optional)
Binance Futures allows you to use leverage (e.g., 3x or 5x), which can increase your profits.
Be careful—higher leverage also increases risk.
3. Set Small Profit Targets
Aim for 0.5% to 2% profit per trade.
Instead of waiting for big moves, take small, consistent profits.
4. Use Stop-Loss to Protect Your Funds
Set a stop-loss to minimize losses if the price moves against you.
Example: If you buy at $100, set a stop-loss at $98 to avoid bigger losses.
5. Trade During High Market Activity
The best time to scalp is when the market is most active, usually during New York (8 AM – 12 PM EST) and London (3 AM – 7 AM EST) trading sessions.
Final Thoughts
Scalping is a great way to grow a small investment, but it requires patience and discipline. Always trade with a plan, manage your risks, and don’t get greedy.