If you’re looking to Make Profits with the crypto coin ETF 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 ETF 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 ETF is to follow these steps, we cover all that you need to know for trading ETF 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 ETF. 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 ETF). 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 ETF, 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 ETF 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 ETF which means a very high chance of success. Even if you are only planning on trading the one coin (ETF) you still need to have several ETF 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 ETF 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 ETF 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 ETF at the same time then you are going to increase your investment size too and so profit much more.
Further tips on ETF Trading
This is the most important thing you have to look before investing in any new coins. It will give you direct insight about what’s the future of this coin. Find for coins that are having accelerating growth for both of the factor (Price and volume). It will give you a better idea about the future of that coin than just merely predicting on your instinct. As you have wholly narrowed down with the list of some of the cryptos, you should look for the one that is considering having the potential to take-off faster than the rest. For this purpose, you should keep yourself up to date with the news.Perhaps the greatest achievement of Satoshi Nakamoto is that of having solved the problem of double spending in a decentralized system, has revealed that both economists and programmers.
Never talk about how much you invested online and use strong passwords for each account linked to your crypto life. Remember it’s very hard to get your coin back once it gets stolen. Therefore, always secure your coins first. Still, it is one of the hottest markets where you can end making up a lot of money if done correctly. Now holding coins for a long time is not a profitable deal but instead of holding, trade them to other coins which can make you quick profit. 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.
This is achieved by testing of linked work (which are shown as "confirmation"). We shall see that this work is done by mining bitcoins in exchange for a reward in bitcoins. You should be looking for the crypto news from different sources to figure out that which crypto is staying on top of the bucket list of the market world.
Availability of two-way authentication option, 2FA rises the security of your account. Then comes the profit trailer feeder which would help in setting strategies and selling conditions as per the market conditions such as volatility etc. With advancement of versions of the profit trailer trading bot, one can be able to set multiple strategies of trading for efficient results.
As you are sure enough of the fact that you have narrowed down on cryptos with the use of high daily trading volumes, you should pay much focus on their historical price movements. The best way would be using the financial ratio known as the Sharpe ratio. Ripple is one of the fastest crypto currency available (it only take 4 seconds for a transaction to get cleared) in the world. They are led by CEO Brad Garlinghouse, who has worked for many top companies and is doing very good work in marketing the coins. In fact they even promoted it on the Ellen Show which shows how good they are marketing the coin.
With this gain in popularity has brought in the paradigm shift of trend to investing and trading this form of digital currency in the current financial world. Also, some research to be spared on the social media buzzes to blogs of what people are taking to current news are few reliable ways of doing your research for your choice of coin. Cryptocurrency- Currency of the future!! It has in recent times gained momentum in its usage and awareness among people. With its increased utilization it has brought into attention of whole new segment of investors thereby leading to enhancement of the market.