Binance Trading Grid futures, Earn money while you sleep trading

By douglas_cachazo | Binance_Doug | 9 Jun 2022

Since I started in the world of cryptocurrencies I found it very exciting trading however we spend hours and waste time when we try to make a successful trading, always waiting for the best opportunity either to buy if the currency is low or sell if it has risen, in many cases I lost because I left the coin bought and at night while I slept the currency much lower its price, it brought me losses, By configuring the automatic trading I can sleep peacefully and the next day I can have profits or the bot was responsible for selling, now there are many bot on the market that automate that work and download you from that task, but the vast majority are paid, ie you must purchase them, in Binance you have this option for free, you can operate to automate these tasks, earn passive income automatically without being stuck hours at the computer waiting to make a successful trading and make money in trading, it is ideal.

This free automated trading service has as an added value how easy it is to implement, facilitates the task for many novice users. And a great help for the more experienced, in this content I will show you how to implement it and give recommendations that will be very helpful. Remember that bot can save you a lot of time and effort, but you must know how to use them in the most appropriate way following a strategy for it.

What are futures contracts? In the cryptographic world and in general, futures contracts are agreements between two parties in order to sell a digital asset in this case a cryptocurrency at a set price to pay on an expiration date, i.e. I speculate on the future price and when the term expires I will be obliged to sell at the previously established price. Now in traditional futures contracts are considered a risky investment and requires great care when investing in this type of transactions, not recommended for novice investors, however with this tool Trading Grid if beginners can operate more safely. Another term that is good to clarify is leverage, Binance funding to trade with more capital than available,

When operating with cryptocurrencies is necessary to have an exchange that supports you and security, personally I operate with two primary exchanges, Binance is one of them, has the highest liquidity in the market, the coins in binance have great demand and the more demand is easier to buy or sell, it is a platform with many products and features, with many of them we can make money, their transaction fees is only 0.1 of the lowest in the market.

Products such as:

- P2P buy or sell to other users without commission.

- Possibility to buy cryptocurrencies either with credit or debit cards.

- Stakeout

- It has a very complete academy for anyone to get started and become an expert in cryptocurrencies.

- Its security is guaranteed

- Because of its liquidity, trading is instantaneous

- Many benefits and promotions

- More than 631 cryptocurrency and 1400 pairs

- It has the best academy to learn cryptocurrencies and binance products

Charts taken from coingeckco and coinmarket show that it is the number 1 among exchanges.

Now to trade with Binance you must have a registered account, if you still have it here I leave you my referral link, if you already have an account skip the following steps.

https://accounts.binance.com/es-LA/register?ref=299806356

Click on the link above so you can register, then I will show you how is the registration process and then the process for you to verify your account,

You will be shown the binance registration screen.

At this point CONGRATULATIONS YOU ARE A USER OF BINANCE! the leading cryptocurrency exchange.

Now you must make an identity verification process to become a verified user in Binance and you can operate freely on the platform, such as buying your first cryptocurrencies, but do not be afraid I will guide you how to do it and I will leave you a link with my content where you can document yourself better. Of course this is the preamble before describing the subject of this content, trading grip futures.

By selecting verify, we will enter the simple identity verification process. The steps to follow are as follows

You are one step away from having your account verified, you only need to wait between 12 to 24 hours for Binance to confirm your verification, sometimes it is immediate.

Now, once your account is verified, you will be able to acquire your first cryptocurrency according to your possibilities, it could be for example with your credit card or using the p2p product.

Once you log in to Binance, you can select your language

And now you are ready to buy your first cryptocurrency and enter the fascinating world of the Blockchain, you can also receive cryptocurrencies from other people or companies, receive payments to your person in order to open many possibilities, of course from the hand of Binance.

You can also buy or sell cryptocurrencies from person to person anywhere in the world with zero commission. If you are a trader there is a product called Binance pay, which is an excellent payment method with zero commission. If you need more information write me and I will send you the link to a good content of mine about Binance pay.

Now, without further ado, let's go into detail to describe the Binance futures trading grid.

The bot as I mentioned in my introduction are very important tools when trading, minimizing the possibility of losses and increasing profits, and all this in an automatic way.

Bot

Whatever the bot to use I always recommend to follow the following steps

- Make a strategy

- Have an amount to invest in the futures account.

- Configure the bot

- Execute the Bot

- Follow up how the investment is going

Making a strategy is something fundamental, in that sense I can leave important recommendations to those users interested in investing with this tool, I took the liberty of making a trading grid which I will describe step by step accompanied by recommendations.

First of all select a pair which is widely used by my person BTC BUSD to invest in BTC using BUSD in the trading Grid,

Bitcoin has been fluctuating in a band ranging from 38 thousand dollars to 42 thousand, it has been some time with that behavior, which is why it is advisable to start the bot either manually or in advanced options put the amount to start the bot, start when the currency in my case bitcoin is in the resistance zone, this is when it is close to 38 thousand and trending downward. That is the most opportune moment since it will surely start a rebound towards 42.

We must already have funds in BUSD in the futures account, if you do not have it you must transfer.

In my case I decided to do it with an amount of 45 BUSD.

Now we must go to the Strategic Trading account

https://www.binance.com/es/strategy/futures/grid/BTCBUSD

We are already in the tool whose strategy is to make an automatic grid trading.

You can use the automatic configuration, which is generally very good, but in my experience and analysis I do it manually.

As you can see, it is very easy to set up a bot in binance Grid trading.

All that remains is to confirm the grid order

We already have the bot activated

And if we select view, we will be able to verify the orders already created automatically, green buy and red sell.

So far so good, wait until the next day when at least 23 hours have passed since the bot was started, and see the results.

I am still executing 9 orders and several have already been executed with profits and the bot continues to execute with the selected settings, if I finish it will automatically pass the amount invested and the profits to the future account and will be available again.

If we consult the futures wallet account, we can verify that the trading was in profit after 23:00 hours.

For being a perpetual future this will continue to operate until I decide to end it, for my experience with this pair I will leave it a while longer and to continue fluctuating according to the selected bands in a month will be higher profits, the bot will continue buying cheap and selling expensive, is the idea, while I just have to evaluate,

I recommend the above process apply it with several cryptocurrencies and do the rotational trading as follows, you can start with at least 3 cryptocurrencies of your choice, previously evaluated, when you see profits end the bot and start another with another cryptocurrency under the same analysis of this, and so on, at the end of the month you will see good profits

Definitely we are in the presence of a great option to earn passive without much effort, of course following a previously designed strategy, in this content I described my personal strategy and has given me good results, of course it all depends on the amount you invest and the continuity of the bot, I recommend scheduling them daily alternating the currencies to invest as explained in detail in this content.

What are the advantages of using Binance Trading Grid for automatic trading?

- Time saving and less effort

- They work 24 hours a day and as long as you determine.

- Ease of use widely recommended for beginners

- Free of charge

- Earning passive in times when the market becomes very volatile

- Minimize unwanted loss while trading

- I can monitor the bot and stop if I wish, reclaiming my profits

- I can reprogram and replay the bot, that saves me time

If you require more information on any subject, Binance has a very complete academy.

Here is their link

https://academy.binance.com/en