If you’re looking to Make Money from the crypto coin NANO 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 NANO 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 NANO is to follow these steps, we cover all that you need to know for trading NANO 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 NANO. 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 NANO). 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 NANO, 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 NANO 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 NANO which means a very high chance of success. Even if you are only planning on trading the one coin (NANO) you still need to have several NANO 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 NANO 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 Money from NANO 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 NANO at the same time then you are going to increase your investment size too and so profit much more.
Further tips on NANO Trading
The money will be on the whole get separated while you are into the money purchasing modes and you will often be getting the feeling as if you are donating it. Here I shall bring into picture the trading bot of company named Profit Trailer. Profit trailer is one such company of Cryptocurrency which alongside selling its own Altcoins is taking the internet with its smart trading bot which would assist in selling and buying already well market established coins.So, how do you trade it successfully?
Other limitations also range from faulty software, crashes to scams related to this trading bot. Despite it all, it is worth your time and money because if able to set the right parameters can be your handy tool for profitable trading. 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. For the readers, we would like to mention that the category of digital currency is becoming more popular with every passing day. If you would search around, you will encounter with so many platforms providing you with the ability to trade, exchange, or purchase cryptocurrency.
Another essential aspect of the coin is the volume of trade it undergoes on a per day basis. It is somehow taken to be long term, but not too much of the short term. You will lost around $190 and that $1,000 which you did make the startup is the $810.
The profit trailer trading bot also gives the platform to trade from different exchanges in a simple manner. The market loves those coins which can do something new and are not just ripping off BTC. BTC became famous because it was new at that time but now new coins just copy them which don't impress old users.
Always keep your coin secured. Always use good wallets which have good reputation and try to avoid Get Rich Scheme coins like BITCONNECT or you may end up losing all your money in one instant. Never talk about how much you invested online and use strong passwords for each account linked to your crypto life. Remember it’s very hard to get your coin back once it gets stolen. Therefore, always secure your coins first.
Liquidity of the coin is measured from the volume and volume percentage of the coin. Here one needs to be careful of the exchanges which inflate the coin volume to attract traders. Before investing in Bitcoin wait for a major fall in price and then invest into it, who knows maybe you will end up making more than 10,000$ in profit like 2017. Wallet is basically a small piece of software that is to be installed on your home computer or smartphone too. You will be setting up your email address as for the purpose of money. It is quite a lot easy to avail the use of trade crypto currency wallet.