HOW TO BECOME A MILLIONAIRE ON BINANCE.
In the next post, I will teach you the rule of 3, and also depending on the amount you have to start with, you can earn more than 1 salary per month on Binance.
The advice is valid for all values, $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?
The rule of 3 is the percentage number we will use in all trades.
For example, I have $10,000 to invest, I am not going to invest all $10,000 in just one cryptocurrency, but in 50 or 100 cryptocurrencies.
Why 50 or 100? Because the probability 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 reaches 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 happen that it goes up to $105, $107, this is normal sometimes, if this happens, just sell, don't wait for it to go up more, as the market fluctuates, rises and falls.
Don't make sales below 1%, why?
Binance, compared to other platforms, 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's 7.5 cents (0.075 cents).
So on the purchase of $100, and on the sale of $103, the fees would be almost 16 cents for both transactions.
And what if you buy $100 and the currency starts to drop in price?
The first advice is to wait, because the market is volatile, it goes up and down... However, if it happens to drop a lot, like to $50, with the profits from the others, buy back $50, and leave it in the account, it will go up at some point.
I recommend buying $SHIB $HUMA $PEPE.
