To profit from FORTH (the Ampleforth Governance project's token) on Binance at the current price ($2.36), here are some possible ways depending on your investment type and goal:
---
1. Buy and sell (short-term trading)
Method:
Buy FORTH at $2.36
Waiting for the price to rise to a target level (e.g. $3)
You sell at the higher price and make a profit on the difference.
Simple example:
You buy 100 FORTH at $2.36 = $236
If the price reaches $3, it becomes worth $300.
Profit = 300 - 236 = $64
advice:
Monitor news and market movement
Use stop loss and take profit orders to protect capital.
---
2. Leveraged trading (Futures)
In Binance:
You can use the lever (eg 5x or 10x)
Higher profits but greater risk
Example:
Open a trade with 100 USDT with 5x leverage (meaning you are trading with $500)
If the price goes up by 10%, your profit will be approximately $50 instead of $10.
But if the price falls by the same percentage, you could lose all your capital.
Warning: This type of trading is dangerous and requires experience.
---
3. Staking or Passive income
FORTH is not a popular staking coin on Binance, but Binance occasionally offers temporary staking offers or provides returns for holding FORTH.
Check the Binance Earn section if there is any offer available for FORTH.
---
4. Technical analysis and opportunities
If you know technical analysis, you can monitor support and resistance areas and enter at ideal entry points to achieve better profits.