Play the video to learn how to start Spot Grid Trading on BingX
This video is for demonstration only. The actual situation may be subject to market conditions and platform rules.
If you have never played the grid before, the Spot Grid is one of the friendliest grids for novice investors.
The essence of the strategy can be summed up in four words: "Buy Low & Sell High"!
This article will attempt to teach you the basics in three simple sections:
1. What Is Spot Grid?
Spot Grid is a trading strategy suitable for volatile markets involving selling high and buying low.
By setting a price range, the bot will divide the fund into many shares according to the preset grid numbers. When the price of the currency drops, it will buy one share, and then place an order slightly (a grid) higher than the purchase price. When the price of the currency rises to the level, it will sell the share. Each time the selling price will be slightly higher than the buying price. If the price keeps falling, the bot will keep buying until it hits the lower limit of the range set by the user. Vice-versa, if the price keeps rising, the bot will continue to sell until it hits the upper limit set by the user. If the price keeps fluctuating, it will continue to buy low and sell high.
2. How to Create a Spot Grid Strategy?
1. Enter the Spot Grid page:
2. Create a Spot Grid strategy in 3 steps:
Step 1: Select a desired trading pair
Step 2: Set up grid parameters: lower price limit (Min. Price), upper price limit (Max. Price), and the grid number.
Choose "Auto" to use the recommended parameters or "Manual" to customize your settings.
Step 3: Confirm your investment amount and start your strategy.
3. Spot Grid FAQs