What is Spot Trading to Earn Cryptocurrency
One of the most major ways to earn Bitcoin is spot trading.
Virtual currency spot trading is a trading method that actually buys virtual currency or sells the virtual currency that you own to make a profit.
In order to sell and make a profit, you need to have virtual currency in advance, so in order to make a profit, you start by purchasing virtual currency.
The basic rule of spot trading is to buy when the price is low and sell when the price is high.
This is basically the same as stock investment, so there are many people who are using binance trading.
In addition, there are two patterns in spot trading: short-term holding and long-term holding.
Short-term holding is a method of buying and selling in a short period of time, such as a few minutes, hours, or days, aiming for profit.
It has the advantage of being able to make profits immediately, but on the contrary, it is not recommended for beginners because it always sticks to the chart and requires skill to read and understand the market.
Long-term holding is a method of aiming for profit over a long span of several months or years until the price rises.
It takes time to make a profit, but since you don’t have to stick to the chart every day, it’s a recommended way to earn money for beginners and people who are busy every day.
In addition, it is recommended that beginners start with long-term holding of spot trading, as it is possible to make a profit without any skills or knowledge related to analysis and forecasting .
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