If you’re looking to Make Profits with the crypto coin??AION then we have details on how to do that below, trading is much better than holding (or hodling as some say) as you can increase your investment sum as well as the value of that investment over time. So you can trade??AION and other coins too if you’d like and increase the balance that you have of that coin, all while the value of that coin increases too which means very big profits.
So the best way to trade??AION is to follow these steps, we cover all that you need to know for trading??AION and other alt-coins so that you can make easy profits:
- There are a few different accounts that you are going to need to open those first, the first is Binance as this is where you will be trading your??AION. Binance is easily the best crypto trading platform as it has by far the lowest fees, has the best coins and is also very easy to use.
- The second account is Coinbase, this is where you buy the initial Bitcoin (you trade in Bitcoin so use it to buy and sell??AION). We recommend that you start with a small amount while learning to trade but enough to cover several concurrent trades as you need those as you’ll never be 100% successful in all trades so you need a good amount to allow for the occasional one that goes bad (they’re not bad for long though as you just hold these until the price increases so that the bot can sell them), so we recommend $150 to cover this.
- Once you have bought some Bitcoin you simply need to send it to Binance so get your Bitcoin wallet address from Binance and then use that on Coinbase to send all of the Bitcoin to Binance.
- So once the funds have arrived you are ready to start trading, but in order to do that you are going to have to understand indicators as these are what are used to signal that a buy or sell is needed. The best thing to do is to go to TradingView and use the interactive chart for??AION,??have a look at the indicators for data like RSI, MACD, SMA, EMA and Bollinger Bands as these can all be used to signal your bot to buy (or sell). So the best thing to do is to simply play with those indicators and try to match them up to the highs and lows of the??AION price, so for example when the RSI is low the price is generally low or you can use crossovers for indicators like MACD, SMA or EMA as they usually indicate a price increase.
- So once you understand the indicators (just experimenting on TradingView is easily the best way to do that although there are lots of guides online) you are going to need a trading bot and by far the best is??Profit Trailer. This is because it’s very fast and effective, most bots are slow and so miss opportunities or sell too late and so can ruin your trading business but Profit Trailer is so fast and effective so is easily the best choice. You will need to download the bot and run it and then set it up, you will need to enter your Binance API keys and then set up your settings (see the Profit Trailer Wiki for great information on that).
- So enter your settings and use the Wiki to understand them, use those that you have used on TradingView and that you can see work for??AION which means a very high chance of success. Even if you are only planning on trading the one coin (AION) you still need to have several AION positions open so be sure to use a percentage of your balance like 10% for each trade as not all will succeed (they will eventually but you will have to wait on the failures for the price to increase enough to sell again, which the bot automatically does), so having lots open means that most will succeed so you keep the trading going at all times which means more profit.
- You then need to have a selling strategy and Profit Trailer can use lots, we find though that a simple Gain amount with the trailing feature turned on is the most successful (so it will sell at likely the highest amount possible before the price falls back down). So if you are only trading??AION it’s much better to trade rather than hold, see??Compound Daily for an idea of how you can grow your investment, at the same time as the price is generally increasing over time too so huge profits!
- To withdraw your profit you are going to have to transfer Bitcoin (or any other altcoin that Coinbase support) back to Coinbase and then transfer the funds to your bank account from Coinbase as Binance don’t allow you to withdraw to a bank account.
- Don’t withdraw all of your funds though, it is better to keep it growing and so withdraw a small amount like 20% per month so that the total investment grows and so do your profits.
- Lastly, don’t fall for any scams as there are so many in the crypto world, the companies mentioned here are 100% safe and that’s easily verifiable online as they are huge companies. If something sounds too good to be true, it is!
So that is how you can Make Profits with AION and make a lot of money doing so. Holding does just that, as the value of the coin increases you obviously make money, but if you are trading??AION at the same time then you are going to increase your investment size too and so profit much more.
Further tips on??AION Trading
You should be having a complete know how that where your exchange of choice is located. This is for the reason that every single state has with its laws and policies regarding the purchase of cryptocurrency.??They are known as the medium of the cryptocurrency that has been most importantly taken into account as the standard source for giving away the donations. The primary objective mission of this company is all about helping out the people who are in need of using the blockchain technology.The Bitcoin is not backed by a material well and gets its value from the simple faith that people have in it will be accepted by others. Like the common currency, its price fluctuates with demand there is for possession, but unlike the currency, Bitcoin is limited in its production of 21 million units.
The foremost question that one needs to be certain about is that whether you are looking out for a in-day trading or in for long-term trading.??This would make the donations giving much more comfortable and effortless for some of the beginners.??One of the major factors which increase the price of cryptocurrencies is the hype it creates in the starting and Reddit is the best place to find them. Reddit is full of people with a lot of knowledge and they are "early adopters", they will mostly go for new coins which make your work easier, instead of researching just follow the hype train of reddit.
It would be recommended to put your best interest to utilize an exchange that is located in your home country. This would make you able to conduct business in your home currency.??When trading it is very important to know what markets to focus, and when to stop. Set yourself an evident target level for taking your profit, and most vitally, a stop-loss target, so you know when to cut your losses.
Well, this is all we have ended on with the discussion of some of the critical and top tips as required while choosing crypto coins.??The present market price of the coin is also to look into while making your selection.
Low volume cryptocurrencies have higher chance of being delisted from exchanges.??Try to figure out that whether your selected payment method is accepted at checkout or not. Some of the crucial exchanges accept major credit cards, wire transfers, cash or Paypal.
From change in regulations, media influences and technological advancements is what that keep affecting the prices of the coins.??It hence ranges into the 1.49% fees on bank purchases. It also put together with the 3.99% fees on credit and so as the debit purchases.??Each coin is unique and has its own set of fluctuations in the market. With so much speculations in social media to fake exchanges showcasing strategies, making the right choice of coin can be elusive.