🔥 Trade with Bybit: partner.bybit.com/b/999btc ($30,800 BONUS 💰)
In this video, I'll tell you about earning on the ByBit exchange for beginners.
Today, we're going to delve into a strategy based on the grid bot. The grid bot is a unique feature on ByBit that allows us to automate our trading. All we need to do is set it up correctly, and even a beginner can start making money.
First, we choose the currency we want to trade. We analyze the market, select a coin we plan to invest in, and find it on the spot.
Let's choose the BTC/USDT pair.
We select the tools and click on Spot Grid Bot. Then, we need to choose the advanced settings for our bot.
Now, we select the range in which our bot will trade, for example, from $41,486 to $49,000. Bitcoin has been fluctuating in this range for the past few months.
Then, the crucial step is setting the number of fields where the currency will be bought and sold.
We set the average value to 8. Now, our grid bot will have lines on the screen where it will buy, add positions, and sell the currency.
Every time it reaches a certain value, the bot will lock in profit and buy again.
Finally, we choose the amount the bot can trade and click to create the grid bot.
Keywords: ByBit, beginner's guide, grid bot, cryptocurrency trading, trading strategy, automated trading, Bitcoin, crypto exchange.