If you have 100 dollars on Binance and cannot easily achieve profits of up to 500$ monthly, here are practical and safe tips to benefit from this amount instead of taking significant risks:
1. Learn First Before Trading:
Do not enter into large trades before understanding the basics of trading, such as reading charts, understanding support and resistance, and types of orders (Limit, Market, Stop-Loss).
2. Use Staking or Earn:
Put your digital currencies in staking or savings programs on Binance.
The risk is relatively low, and there is a fixed return weekly or monthly.
3. Trade with Very Small Amounts:
Do not risk more than 5–10 dollars in a single trade.
Use Stop-Loss orders to minimize losses.
4. Learn Paper Trading First:
Try your strategies using a demo account with no actual risk.
5. Diversify Investments:
Do not put all one hundred dollars into one currency.
Divide it among two or three different currencies to reduce risks.
6. Patience and Avoid Greed:
Do not expect to double 100 dollars quickly.
The initial goal: protect capital, then grow gradually.
💡 Final Tip: You can start with staking or saving first, then try small trading after gaining experience.