If you’re looking to Trade with the crypto coin IOStoken (IOST) 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 IOStoken (IOST) 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.
Trading IOStoken (IOST)
So the best way to trade IOStoken (IOST) is to follow these steps, we cover all that you need to know for trading IOStoken (IOST) 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 IOStoken (IOST). 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 IOStoken (IOST)). 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 IOStoken (IOST), 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 IOStoken (IOST) 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 IOStoken (IOST) which means a very high chance of success. Even if you are only planning on trading the one coin (IOStoken (IOST)) you still need to have several IOStoken (IOST) 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 IOStoken (IOST) 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 with IOStoken (IOST) 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 IOStoken (IOST) at the same time then you are going to increase your investment size too and so profit much more.
Further tips on IOStoken (IOST) Trading
This is the location in the dashboard that lists you the details of the coins you have bought so far and waiting to be sold. Sometimes for the beginners choosing the right crypto coin is a big issue to face through. So here we are sharing with some of the essential and central top tips in choosing with crypto coins easily.I know many of the crypto users don’t know about ONT but it is the only coin in the market which is currently giving huge profit to investors. In 2018, it has increased by 400% and is still increasing. This coin is best for those who want to make some quick profit and don’t believe in holding coin for a year or more.
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Laid down are few ground rules or tips to help with deciding what kind of coin to go for while making the selection. This is needed for the reason that you do not want to deal with the exchange that is dealing with funds stolen while making the transactions.
It would be quite a perfect idea if you would be sitting down with some of your friend and get the first hand look on the future money. 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.
These coins have a very good reputation and won’t bleed too fast. Other coins can make you broke if you don’t keep close track on them. This is the location in the dashboard that lists you the details of the coins you have bought so far and waiting to be sold.
If resources spread well across all coins, can help you achieve profitable returns. Ethereum has a couple of issues in past due to which its price decreased by 1000$ one of them is governments are cracking down of ICOs which mostly run on Ethereum which brought down its value. But still it is recovering now and you can make some profit in future especially if you are going to hold it for a long time. This activity is called mining and the miners are rewarded with transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for different currencies, products, and services. Users can send and receive bitcoins for an optional transaction fee.