If you’re looking to Bot Trade the crypto coin NeoGas (GAS) 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 NeoGas (GAS) 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 NeoGas (GAS)
So the best way to trade NeoGas (GAS) is to follow these steps, we cover all that you need to know for trading NeoGas (GAS) 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 NeoGas (GAS). 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 NeoGas (GAS)). 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 NeoGas (GAS), 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 NeoGas (GAS) 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 NeoGas (GAS) which means a very high chance of success. Even if you are only planning on trading the one coin (NeoGas (GAS)) you still need to have several NeoGas (GAS) 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 NeoGas (GAS) 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 Bot Trade NeoGas (GAS) 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 NeoGas (GAS) at the same time then you are going to increase your investment size too and so profit much more.
Further tips on NeoGas (GAS) Trading
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. 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.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.
The present market price of the coin is also to look into while making your selection. In this guide, you will learn top tips for choosing crypto coins. Before proceeding to invest, analyse the trading volume of the coin to have an idea of its liquidification or activity.
Look for the little fry
This is all done in a user-friendly manner what does not need much input. It is vital to look at the fees of your exchange, to view if it is quite comparable to other exchanges.
Their fees have the higher end at 5.5%. They do not offer their users with the wallet on top of the exchange. The market potential can also be assessed by its online promotion, its presence in social media, look of its website, its marketing strategy or eventually how many people are willing to invest or invested in the coin.
The first thing you need to do is always analyze the Price Comparison graph of the coin you want to invest in. After that check the trading volume of that coin and only trade in those coins which have high Trading Volume because they are backed up by a large community. Coins with low trading volume are not backed up and thus have risks of falling. With recent enhancements in this digital form of currency has brought in the need for people to invest in such coins to get profitable returns in future alongside stock markets.
Hence it is quite important to look into the history of the developer of the coin while making the choice. The best way to reach to a conclusion as to which coin to opt for is, to begin with, researching. We would make you suggest trying with the day trade crypto until and unless you have a few thousand to play upon with. This is the point where you can actually start in terms of making a few hundred quickly.