Finance
Earn from Crypto Trading: Simple Strategies to Profit
All right, so you want to be a profitable crypto trader that can make up to $11,000 every single day. Well, lucky you — you have come to the right place because I am somebody who has consistently been able to earn at least that much every single month on a daily basis when, of course, we do spread that across the entire month. I’m going to be sharing with you guys my strategy that you guys can implement to eventually get yourself to that awesome $30,000 a month target just as I have. This guide will help you earn from crypto trading effectively.
Start with the Right Platform to Earn from Crypto Trading
We are going to start by just looking at the charts because I’m going to give you guys the strategy in order for you to be able to do this. First step for all of you guys watching this, Earn from Crypto Trading though — if you have not yet signed up using my Marx affiliate link in the description of this video (top link) — make sure you do that. For implementing the trading strategy that I’m going to be talking about in this video, you’re going to get opportunities to, one, get free cryptocurrency every single month when we have our trading competitions, which of course I share with all of my Marx users who sign up under my link. But you’re also going to get a $100 sign-on and deposit bonus for doing so. All the strategies that I’m going to be talking about are best for this Marx exchange as well. So make sure that you do start there. I do, of course, make money with the affiliate signups, so you’re also supporting me for giving you this information as well. But with that being said, let’s get into the actual video itself and the strategy to earn from crypto trading.
A Foolproof Strategy to Earn from Crypto Trading
Now, this strategy is actually quite simple, and this is why I personally like it so much. It’s foolproof; it has about a 90% accuracy. While the number of positions that you will open up with this strategy will change quite a bit every single month, every single time you do use the strategy, you are going to be incredibly profitable. It does work for every single cryptocurrency that is on the Marx exchange. Now for the sake of this video and for the sake of all of you guys who are looking to start off and get very profitable, I am going to recommend — in my personal opinion — the best way to go is to trade with higher liquidity altcoins or Bitcoin itself. So Bitcoin, Ethereum, Doge, XRP — they’re all great options for those who want to earn from crypto trading.
Leverage Management in Earn from Crypto Trading
The reason why these are all great options is because all of these cryptocurrencies do have a lot of liquidity. The fun fees are not going to be too expensive. So if you’re starting off with a smaller amount to trade with initially, you’re going to be able to make more money this way — simply put. Now, when it comes to the amount of leverage that I am using with my trade, I’m always going to be using between 5x leverage with a maximum of 10x leverage. I never go above 10x with this particular strategy because there will be times that you will open up a position and you’re going to have to hold that position for a week or longer. During that time, a lot of these cryptocurrencies are very volatile — Bitcoin included — so you do not want to have too much leverage because you’re going to get liquidated if you go too far above that.
Using Indicators to Earn from Crypto Trading
Next step here is to go to the one-day chart, so you’re viewing the one-day chart. On indicators, you’re going to want to search up Stochastic RSI. This is really important. The Stochastic RSI is what you see right here, and this is a great indicator. This is the 90% accuracy indicator I was telling you guys all about, and it gives you a great indication on when is a good time to short and when is a good time to long so you can make use of the positive momentum and, of course, the negative momentum that you’re going to be seeing in the crypto markets. This gives you twice the number of opportunities to consistently make money with a 9 out of 10 accuracy at the 5x leverage mark. This is a powerful way to earn from crypto trading.
Best Practices for Consistency in Earn from Crypto Trading
What I will say is the accuracy goes down a little bit when you’re using 10x leverage, just because your liquidation levels do change quite a bit when you’re using double the leverage. But you know, if you’re starting, I think 5x leverage is absolutely phenomenal. You’re going to make consistent money doing that. It’s one of the best ways to earn from crypto trading consistently.
Examples of Successful Trades to Earn from Crypto Trading
I just want to show you guys some trades that I’ve used this strategy on and how much money this has been able to net me. You can see a lot of the profits down here as to what I was able to make. Some of these trades were absolutely insane. And yes, occasionally I did lose, but overall, everything — if we add it up here — I did make immense amounts of profits, and you guys can too. This is a proven method to earn from crypto trading.
Diversifying Portfolio in Earn from Crypto Trading
I know a question a lot of you guys are going to have — how much of your position should you use to open up every one of your trades? For me personally, I would say don’t use any more than 10 to 15% of your position — your overall futures trading portfolio that you have allocated for this — at any given trade. So if you have $1,000 that you’re allocating for futures trading, just allocate $100 per trade, for example. That way, you can open up a Bitcoin trade, you can open up an Ethereum trade every single time that you notice there’s an opportunity. You can open up an ICP, an XRP trade — you name it — because all of these cryptocurrencies are going to have slightly different entry points for you. This diversification helps you earn from crypto trading more effectively.