Getting rich in crypto is possible, but it's extremely difficult without a bit of luck. However, making consistent profits in crypto is achievable.
My approach is to trade only on the spot market. Avoid futures and leveraged trading if you want to focus on making profits with less risk. It's a different story if you have millions, because managing risk becomes easier when you have a large amount of capital to work with.
I only trade futures to help me analyze market movements and identify the market's direction, not to make profits. If you're good at analysis and pay close attention to the details, futures trading can also help you identify fake bid and ask walls. So, I can figure out which direction the market is heading.
$BTC
$BNB
$ETH
#Binance #trade
My approach is to trade only on the spot market. Avoid futures and leveraged trading if you want to focus on making profits with less risk. It's a different story if you have millions, because managing risk becomes easier when you have a large amount of capital to work with.
I only trade futures to help me analyze market movements and identify the market's direction, not to make profits. If you're good at analysis and pay close attention to the details, futures trading can also help you identify fake bid and ask walls. So, I can figure out which direction the market is heading.
$BTC
$BNB
$ETH
#Binance #trade