📈 Easy Way for Beginners to Earn $100 Daily Trading Cryptocurrency | Step-by-Step Trading Tutorial Guide

How to Make $100 per Day Trading Cryptocurrencies on Bitflix

Cryptocurrency trading has become increasingly popular in recent years, with many individuals looking to capitalize on the volatility and potential profits of the market. In this article, we will explore a step-by-step guide on how to make $100 per day by trading cryptocurrencies on Bitflix, one of the leading crypto exchanges in the industry.

Step 1: Create Your Bitflix Account

The first step in starting your cryptocurrency trading journey on Bitflix is to create a business account. If you don’t already have one, simply click on the link provided in the video or visit the Bitflix website directly. Fill in your details, create a strong password, and you’re ready to go.

Step 2: Deposit Funds into Your Wallet

Once you have created your Bitflix account, the next step is to deposit funds into your wallet. This will allow you to start trading cryptocurrencies on the platform. Bitflix offers a range of deposit options, including bank transfers and credit/debit card payments. Choose the method that suits you best and follow the instructions to complete the deposit process.

Step 3: Start Trading Cryptocurrencies

Now that you have funds in your Bitflix wallet, it’s time to start trading cryptocurrencies. In the video, the presenter mentions a specific trading strategy using the MACD indicator. This strategy can help you identify trends in the market and make informed decisions about when to enter or exit a trade.

Using the MACD Indicator

The MACD (Moving Average Convergence Divergence) indicator is a popular tool used by traders to analyze market trends. It consists of two lines (orange and blue) and a histogram. The orange line crossing above the blue line indicates a signal to enter a short position, while the blue line crossing over the orange line indicates a cue to go long.

To use the MACD indicator on Bitflix, simply go to the indicators section and type in “MACD.” You will see the two lines (orange and blue) and the histogram. By observing the interactions between these lines and the histogram, you can identify potential trading opportunities.

Identifying Short Positions

To identify a short position on a bitcoin chart using the MACD indicator, look for a bearish cross indicated by the orange line going above the blue line and a flip to bearish on the histogram. Once these indicators are spotted, it’s time to enter the trade.

Identifying Long Positions

Conversely, to identify a long position, look for a bullish cross where the blue line is directly above the orange line and the histogram has turned green. This indicates a positive bullish sign and presents an opportunity to make a trade.

Setting Stop Loss and Taking Profits

When entering a trade, it is crucial to set a stop loss to limit potential losses. In the video, the presenter suggests setting a one percent stop loss. This means that if the trade goes against you and the price drops by one percent, the trade will automatically be closed to prevent further losses.

To take profits, wait for a bearish cross on the MACD indicator. This indicates a potential reversal in the market trend, and it may be a good time to exit the trade and secure your profits.

Why Bitflix is Recommended

The presenter in the video recommends Bitflix as a preferred exchange for trading cryptocurrencies. While this strategy can be applied to any exchange, Bitflix offers several advantages, including a generous sign-up and deposit bonus of up to $50,000. Additionally, Bitflix is known for its user-friendly interface and reliable trading platform, making it an excellent choice for both beginners and experienced traders.

Frequently Asked Questions (FAQs)

Q: Can I use this trading strategy on other exchanges?

Yes, this trading strategy can be applied to any cryptocurrency exchange that offers the MACD indicator. However, Bitflix is recommended in the video due to its user-friendly interface and generous sign-up and deposit bonus.

Q: Is cryptocurrency trading risky?

Yes, cryptocurrency trading carries inherent risks due to the volatility of the market. It is important to conduct thorough research, use risk management strategies such as setting stop losses, and only invest what you can afford to lose.

Q: How much money do I need to start trading on Bitflix?

The amount of money you need to start trading on Bitflix depends on your trading goals and risk tolerance. It is recommended to start with a small amount and gradually increase your investment as you gain experience and confidence in your trading abilities.

Q: Are there any fees associated with trading on Bitflix?

Yes, Bitflix charges trading fees for each transaction. The fee structure may vary depending on the type of trade and the volume of your transactions. It is important to familiarize yourself with the fee schedule on the Bitflix website before starting your trading activities.

In conclusion, trading cryptocurrencies can be a lucrative endeavor if approached with the right strategy and knowledge. By following the step-by-step guide outlined in this article and using the MACD indicator on Bitflix, you can increase your chances of making $100 per day trading cryptocurrencies. Remember to conduct thorough research, practice risk management, and only invest what you can afford to lose. Happy trading!