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Cryptocurrency is still a new thing relatively to fiat which has been there for a long time. The main stigma with crypto is that people degrading it as a non existent currency or ponzi scheme. But all these are far from true and today I am going to tell you how to actually make a good living on crypto with minimum initial investments.
Now if you have ever heard to the saying "You will never become rich by trading your own money, you become rich by trading other people's money" it actually makes a lot of sense, it's actually what the banks also do. So in the first tip to actually make money off of crypto is other than hodling is day/swing trading. When you are day/swing trading it's important to choose the right broker which offers the currency you want to trade along with a decent leverage. With leverage you can multiply your investments return by using your capital as collateral and investing the multiplied size of money from your broker into the market and also multiply your profits. Now of course this comes with risks of total capital loss if proper risk management is not practiced to before you dump your life savings, so go on a demo account and fine tune your skills before risking real money.
If you don't have time or simply don't want to look at charts all day you can make your money make you more money by crypto staking. Crypto staking is a way to earn money by locking your coins to support the blockchain and confirm transactions in return for rewards in the form of Annual percentage return (APR). If you stake a decent amount of money you can get anywhere between 10% to 100% APR although as the percentage yield grows the more riskier it becomes. If you want to get into crypto staking I recommend you look into staking BNB, ADA, AWC and DOT, I say this because I believe these coins have a very bright future and growth ahead of them along with an annual yield, it's a win win situation. If you don't want to take much risks with your hard earned money you can stake stable coins like USDT with an APR of 5 to 10%.
If you have gotten into the trading life but you don't have the means or the capital but still want the mouth watering gains you should try working with a prop firm. The reason I love propfirms so much is because you are not risking your money to trade and you get a decent 70% to 90% profit split which does not sound bad especially if you are trading with an account balance of 100,000 USD. To work with prop firms simply go to their website and choose the account capital you want to trade with and then pay the application fee to take a 2 stage test if you pass then you get funded. If you want to choose the best prop firm for your needs here are my recommendations:
1) ftmo.com overall best prop firm 80% - 90% profit split and no rules other than being profitable and keeping you loss low.
2) traderscentral.com best for beginners, 85% profit split up to 2 million usd funding and a lot of discounts.
3) myforexfunds.com I haven't personally used this firm but they have great reviews about being one of the best in the market.
For crypto trading I recommend going with www.ftmo.com .
Thanks for reading, stay safe.
