How to make $10 -$50 daily on binance ( top secret ) Bybit.

Summary

In this video, the speaker shares a simple strategy for making money using the Binance app. The method focuses on monitoring the 'gainers' and 'losers' sections of the app, particularly on coins that have seen significant recent growth (5-8%). By buying coins in this range, users can make daily profits, with returns potentially reaching 10-20 dollars. The speaker also touches on trading both spot and futures markets, offering insights for both beginners and experienced traders. A follow-up video will dive deeper into making money from the 'losers' section using Futures trading.

Takeaways

• 😀 Organize your apps into folders for easier access, especially trading apps like Binance.
• 😀 The strategy shared focuses on identifying trending coins by using the 'Gainers' and 'Losers' tabs in Binance.
• 😀 You can make 10 to 20 dollars daily by following the suggested trading strategy consistently.
• 😀 It's recommended to check the market early in the morning (around 4-5 AM) to catch coins that have recently increased by 5-8%.
• 😀 Buy coins when they have increased by 5-8%, and sell once they have risen further (around 15-30%).
• 😀 Avoid buying coins that have already risen beyond 8%, as they might be overbought.
• 😀 The strategy works both for spot trading and futures trading, with explanations provided for both methods.
• 😀 Binance, BuyBit, and other exchanges can be used for this strategy, with Binance being the primary example in the video.
• 😀 The app's 'Hot' section shows coins that are making significant moves in the market, often due to news and market attention.
• 😀 The 'Losers' section in Binance can also present trading opportunities, but for those, futures trading is necessary.
• 😀 A follow-up video is promised to explain how to profit from the 'Losers' section using futures trading.

Q & A

What is the main strategy discussed in the video for making money on Binance?

The main strategy is to focus on the 'gainers' and 'losers' sections on Binance, particularly looking at coins that have increased by 5-8% to buy and potentially sell for a profit as their prices continue to rise.

Why is it important to have a folder for your trading apps?

Having a folder for your trading apps helps keep your trading tools organized and easily accessible, allowing you to focus more on the actual trading process without distractions.

What does the 'Hot' section on Binance indicate?

The 'Hot' section displays coins that are currently receiving a lot of attention due to market movements, news, or other factors that cause increased trading activity.

How can you identify coins that are gaining in value on Binance?

You can identify gaining coins by going to the 'Gainers' section on Binance, which shows the coins with the highest percentage increase in the market over a given time period.

What is the best time of day to check for gainers on Binance?

It is recommended to check for gainers in the morning, around 4-5 AM, as you may find coins that have started to increase by 5-6%, which could give you a good entry point for buying.

What percentage range of coin price increase is ideal for buying?

The ideal range for buying is when a coin has increased by 5-8%. Buying within this range allows you to make a profit as the coin price may continue to rise.

Can you use this strategy on exchanges other than Binance?

Yes, this strategy can be used on other exchanges like BuyBit as well, not just Binance. The general concept of spotting gainers and losers applies across different platforms.

What is the significance of trading on the 'Futures' section?

The 'Futures' section allows traders to speculate on both rising and falling markets. While you can use it to make money from losing coins (through shorting), it's important to understand how to use futures trading before engaging with it.

What should you do if a coin price increases beyond 8%?

It is advised not to buy the coin once its price increases beyond 8%, as the potential for further gains may be lower. However, if you entered the trade earlier when it was still below 8%, you can continue holding and profit as the price rises.

What is the next video going to cover?

The next video will explain how to make money using the 'losers' section of the market by trading coins that are losing value, particularly through Futures trading. The video will cover key indicators needed for successful trading in this section.