If you’re looking to Trade the crypto coin??ChainLink (LINK) 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??ChainLink (LINK) 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??ChainLink (LINK) is to follow these steps, we cover all that you need to know for trading??ChainLink (LINK) 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??ChainLink (LINK). 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??ChainLink (LINK)). 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??ChainLink (LINK),??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??ChainLink (LINK) 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??ChainLink (LINK) which means a very high chance of success. Even if you are only planning on trading the one coin (ChainLink (LINK)) you still need to have several ChainLink (LINK) 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??ChainLink (LINK) 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 Trade ChainLink (LINK) 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??ChainLink (LINK) at the same time then you are going to increase your investment size too and so profit much more.
Further tips on??ChainLink (LINK) Trading
One of its main advantages is that the transaction fees are minimal if compared with traditional methods.??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.
It is all the more a known fact that crypto white paper has been high in terms these days inside the marketplaces. This is the form of gift coin that is all about donating a small fraction to the people when you are considering to come upon with some of the profit right into it.??There are many things to consider when picking a best exchange, and the abovementioned factors should serve as a guide.??Prices also can vary as per according to between exchanges. Along with the checking of the exchange fees and expenses, you should understand the volume requirements. Some of the trade have the condition that you purchase a minimum amount while others do not.
Have a game plan
There are very few of the ways that are being carried out to be used as the medium of the cryptocurrency for the charity. Then how it is possible to do on most comfortable terms???It grew up to 30,000% in 2017 which shows its potential. XRP is looking good right now and it has potential to blow up in the future. Invest in this coin and you will get a good return on your investment.
The best way to reach to a conclusion as to which coin to opt for is, to begin with, researching.??It is all the more a known fact that putting into the investment of the cryptocurrency has become all the rage.
For example, an easy strategy would be to have ninety percent and ten percent short. This technique assumes you more confident in a long position. So, this technique may cater any level of danger.??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.
Before investing in Bitcoin wait for a major fall in price and then invest into it, who knows maybe you will end up making more than 10,000$ in profit like 2017.??The fascinating part of this companies trading bot is that it is available 24X7, 365 days a year for traders.??Thus, this would at the end brings your profit down to under the cost amount of $8.00. If you purchased it by means of the ACH, you pay much less in fees, but it would not be able to hence trade immediately.