If you’re looking to Trade the crypto coin??EthLend (LEND) 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??EthLend (LEND) 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??EthLend (LEND) is to follow these steps, we cover all that you need to know for trading??EthLend (LEND) 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??EthLend (LEND). 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??EthLend (LEND)). 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??EthLend (LEND),??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??EthLend (LEND) 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??EthLend (LEND) which means a very high chance of success. Even if you are only planning on trading the one coin (EthLend (LEND)) you still need to have several EthLend (LEND) 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??EthLend (LEND) 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 EthLend (LEND) 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??EthLend (LEND) at the same time then you are going to increase your investment size too and so profit much more.
Further tips on??EthLend (LEND) Trading
Crypto-coins or otherwise known as virtual coins has gained wide popularity with it being unregulated and irreversible.??If you are looking to buy Bitcoin, then in this condition bullish engulfing candlestick pattern on top of the weekly chart that turns out to be the excellent indicator to make your way inside the market.Availability of two-way authentication option, 2FA rises the security of your account.
However, if followed by the right strategy can lead to profitable returns in the future. Be you an all-day trader or long-term trader or just a beginner, below are few named tips to help with your trading.??Always keep your coin secured. Always use good wallets which have good reputation and try to avoid Get Rich Scheme coins like BITCONNECT or you may end up losing all your money in one instant.??The Key to making huge profits lie in the new coins which blow up at any time. Who knows you will find next BTC or ETH and end up getting Audi in just a year time. In this article, we will discuss some key factors you have to keep in mind before investing in any coin.
Learn Requirements of Exchange fees and Volume
As you have identified the coins to bring into investment, you should look for the entry point for your investment.??Now that you have selected the coins to invest in, you need to find an entry point for your investment. Technical analysis has forever been the top strategy for finding an entry point when investing in financial assets.
Good thing about Monero is that its hash rate is low so instead of direct buying it you can mine it if you have good GPU and then keep them for more profit. Monero will never lose its value in the market because of the special features it allows.??There is a range of duration as about 1 week waiting period. The best method would definitely be about the load USD or the currency right into the exchange category.
It offers the range of lower fees. It make you offer with the resolution system, all along with the rating system for traders.??As you are all done with the sending and receiving set up of the trade crypto currency, you will 100% be wishing around as in buying trade crypto currency with Credit Card as well. There are different kinds of ways as through which you can better achieve it.
Every time your bot DCA on a coin it comes with double the price. It is also having some settings to stop trading activity in certain market conditions to avoid incurring of loses.??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.??Now, what is this currency all about? Cryptocurrency is non-other than the currency that uses cryptography as the way to convert information into uncrackable codes to track transactions.