The market’s been a bit more active lately, so I’ve been doing some light spot trading ,just staying consistent and watching for small gains where possible.
I saw that Phase 2 of the Trading Club Championship recently ended, and a few traders shared they earned around 50 BGB in rewards just by trading daily. I missed that round, but since Phase 3 just started, I decided to join in and see how it goes.
No extra effort really ,it counts your regular spot trades. If there’s a chance to earn something extra while doing what I normally do, I don’t mind giving it a shot.
Anyone else looking into this phase, or sitting it out for now?
Spot trading is actually and safe compared to futures, but one need huge amount of capital to actually make it big from spot trading , because this time around you are trying to take advantage of the market volatility . Without making use of leverage and for short term .
One of the good thing about spot trading is that no matter how the coin deep Aslong is a well known coin and have chances to bounce back your money will be safe and no losses will be recorded Aslong you didn’t sell in the dip . But sometimes you can fall as victim of buying coin that have no hope of bouncing back .
To really master trading one have to master the market first , know how it move and always stay updated it help in securing a healthy trading habit.