START SPOT TRADING❗️❗️❗️
HERE I LEAVE YOU A SUMMARY OF MY STRATEGY TO MAKE MONEY!! I WILL ALSO SHARE A SUMMARY OF THE ADVANTAGES THAT I CONSIDER EXIST REGARDING ‘FUTURES’ TRADING
WHAT IS SPOT TRADING?
CONSISTS OF ACQUIRING AND SELLING CRYPTO ASSETS THROUGH A SPOT ACCOUNT (LIKE THE ONE PROVIDED BY #Binance). IT IS BASED ON A BUY/SELL EXERCISE, LOOKING TO GENERATE PROFITS BASED ON PRICE MARGIN.
TYPES OF SPOT TRADING.
✅ SCALPING: CONSISTS OF EXECUTING SHORT ORDERS, PERFORMING A CHART ANALYSIS AND LOOKING FOR BUYING OPPORTUNITIES AT SUPPORT POINTS AND SELLING AT RESISTANCE POINTS. THIS STRATEGY REQUIRES HIGH VOLUME OF SHORT OPERATIONS (SECONDS - MINUTES - HOURS)
✅ DAY TRADING: IT CONSISTS OF MAKING PURCHASES AT SUPPORT POINTS AND WAITING FOR THE PRICE TO RISE (ACCORDING TO YOUR ANALYSIS) TO MAKE SALES AT THE HIGHEST POINTS. THIS TYPE OF TRADING INVOLVES LESS VOLUME OF OPERATIONS AND IS REDUCED TO MEDIUM-TERM OPERATIONS (HOURS / DAYS)
✅ HOLDING: IT CONSISTS OF MAINTAINING LONG POSITIONS, WITH THE PURPOSE OF OBTAINING LONG-TERM GAINS. IT INVOLVES A LOW VOLUME OF OPERATIONS CHARACTERIZED BY LASTING DAYS OR EVEN YEARS.
🔰 ADVANTAGES OVER FUTURES TRADING.
1. NOT USING LEVERAGE REDUCES THE RISK OF LIQUIDATING YOUR TRADE, BASICALLY AS LONG AS THE ASSET HAS VALUE, YOU WILL NOT BE LOST.
2. IT ALLOWS YOU TO VARY YOUR STRATEGY, AS NOT BEING SUBJECT TO LIQUIDATION YOU CAN CHANGE YOUR STRATEGY IN CASE YOU GET TRAPPED IN A SUDDEN PRICE DROP. FOR EXAMPLE: IF YOUR ANALYSIS FOR DAY TRADING FAILS AND THE PRICE DROPS, YOU CAN HOLD AND WAIT FOR THE PRICE TO RECOVER.
3. YOU CAN OPEN DIFFERENT BUY AND SELL ORDERS IN AN ASSET TO ACQUIRE AS THE PRICE FALLS AND COMPENSATE FOR YOUR LOSSES OR OBTAIN GREATER PROFITS WHEN IT RISES AGAIN.
❎ RECOMMENDATION: MAKE SURE TO CHOOSE WELL WHICH ASSETS TO TRADE AND AVOID COINS THAT DO NOT HAVE SOLID PROJECTS. SO YOU DO NOT FALL INTO IRREMEDIABLE LOSSES.
YOU CAN TRY TRADING WITH COINS LIKE $BNB or $BTC
🚫REMEMBER TO TRADE WITH CARE AND RESPONSIBILITY🚫
IF YOU LIKED THIS ARTICLE LET ME KNOW AND STAY TUNED FOR MORE QUALITY CONTENT.
✅ I SHARE SOME OF MY TRADES OF $BNB TODAY.
