EDITED IN CANVA
In today's world, there are numerous ways to earn money, including working at a job or doing online work. Technology has advanced, and we now have many amenities in our lives, such as modern machines that allow us to earn money quickly. However, only those who are patient and learn about their techniques will be able to earn a good living from online work. Cryptocurrency is now well-known throughout the world and is replacing many currencies. We will be replacing the banking system in the near future, which is why banks are concerned.
Today, in this post, I will teach you about the best earning method. We can earn a good passive income without having to do any work. I understand that in today's world, everyone wants to make money quickly and easily. Binance, as you are all aware, is one of the best cryptocurrency exchanges in the world. Binance allows you to trade any coin with very low fees and greater reliability.
A very good news spread recently for traders when Binance CEO announced that they will have some pairs with BTC with no fee charges. This is fantastic news for those who enjoy trading and are no longer subject to any fees. Binance has many features running in their application, and this platform is attracting more users. In the following posts, I will go over each feature offered by Binance and how you can take advantage of them.
STRATEGY TRADING (GRID TRADING)
In today's post, I'm going to discuss Binance's GRID TRADING service. This is a type of BOT trading in which you invest money and they buy and sell any coin automatically. You are earning passive income without putting in any effort; instead, you do your own work and the bot will generate passive income for you. However, it is a little technical, and you will need to learn more about what ranges you set for and how many coins you put for trade with bot.
It's simple: you need to have more than $200 in your account to set up grid trading. What are the steps required to run the grid trade, as explained in the points below?
1. First, decide which pair you want to use for grid, as I did with USDT/HIVE.
2. For strategy trading, you have two options: spot trading and future trading.
3. After selecting the pair, you must decide whether to use Auto or Manual mode. When set to auto binance, your range level will be set by default. If you select Manual, you must manually set the range. I prefer manaul because you can adjust the range level based on the situation.
4. You have another choice. Whether you choose Arithmetic or Geometric, Arithmetic means you will buy with single layers, whereas Geometric means you will buy with double layers after each grid.
5. Next, you select a price range, such as USDT/HIVE 0.3 to 0.64, and the bot will trade within that range.
6. Determine how many grids, for example, it must buy and sell.
7. Invest the desired amount, and use the advanced option to set a grid trigger and a stop trigger. You also have the option of taking a profit.
After that, create your trade and earn passive income. It is preferable to invest in the best coins that are supported by the best technology. You will earn the most passive income if you study and learn about the best coin and set it to grid trade.
NOTE: All the pictures are taken from Binance VIA Snipping Tools
