Any financial market including Crypto, Stock, Forex, Commodities needs proper learning and understanding just like when a person wants to become a good officer he studies for at least 16 to 18 years and only then he becomes a good officer.
In the same way in the crypto market you also need a lot of time to learn, gain experience and understand the market sentiment.
And the main thing I am going to talk about today is trying to understand strategy and the best techniques. Like a few days ago I told you some strategies in which you can relate metals and take advantage of their same price movements which is called a hedge mode strategy.
Today also there is such a strategy being presented to you where the loss is almost zero and the profit is said to be 100% sure. Surely a question came to your mind that what kind of strategy is this where there is no loss. so read carefully and try to understand. (Dont forget to backtest the strategy first before executing).
Nowadays on Binance trading volume in metals like gold and silver is increasing. This means peoples interest is increasing here. If you notice the trading volume of Bitcoin and gold has almost become the same which means people are taking advantage of golds low volatility and are treating it as a secure asset and executing trades here.
So todays strategy is simple and straighforward...
Only on weekends (Saturday and Sunday) you have to open the gold chart (XAUUSDT.P). Because international markets are closed but on Binance there is still minor trading going on. In this you will definitely see movement from 0.01% to 0.05% not more than this.
Now what you have to do is,
Open the 1 minute chart
Mark the lows and highs
When the price touches the lower level set your buy (bid) there
(NOTE THAT LIMIT ORDER HAS NO TRADING COMMISSION IN BINANCE IN METALS)
Example:
If you have $100 then place a $100 buy at the support level and use 100x leverage. Because the price movement is very small (0.03% to 0.04%) thats why leverage is used.
Then,
When you get 0.03% profit
Set a sell limit 0.03% above in advance
As soon as it sells you can get about $3 profit in one trade.
This is a very easy and working strategy being described but only for weekends.
If you do this on working days it becomes very risky because volatility increases and your money can be lost or you can get liquidated.
To be Caution:
If unfortunately your trade does not complete in two days
Then before the working day starts sell it at the same price where you bought it because you should not hold it.
This is a useful technique but remember that this is not financial advice. You should look at the chart yourself, understand it and only then execute your trade.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Thank you all for your time reading the content.
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REMEMBER: We should prepare for the unexpected and always hope for the best. Life may not be easy but you must do your best and leave the rest to God...
