If you’re looking to Trade the crypto coin PIVX 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 PIVX 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 PIVX is to follow these steps, we cover all that you need to know for trading PIVX 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 PIVX. 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 PIVX). 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 PIVX, 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 PIVX 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 PIVX which means a very high chance of success. Even if you are only planning on trading the one coin (PIVX) you still need to have several PIVX 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 PIVX 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 PIVX 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 PIVX at the same time then you are going to increase your investment size too and so profit much more.
Further tips on PIVX Trading
This concept and complexity make money making many compounds inside the market world. For the beginners, knowing about the cryptocurrency trading is a hard task for sure. They are known as the medium of the cryptocurrency that has been most importantly taken into account as the standard source for giving away the donations. The primary objective mission of this company is all about helping out the people who are in need of using the blockchain technology.Profit trailer boasts many amazing specs and a stellar record of consistently producing big returns. It is not uncommon for users to report an occasion five hundred percent monthly ROI, but what is abundantly clear is that profit trailer is remarkable at making consistently clever decisions, providing top monthly returns.
Got an insight about Profit trailer trading bot, now confused how to go ahead with it? Worry not!! Here I shall be briefing you how to use the trading bot of Profit trailer? 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. Many exchanges provide only a handful of coins, the most famous being Ethereum and Bitcoin. There are only a handful of exchanges that provide a big range of coins. A more diverse choice of coins accessible is better as it provides you more choices of coins to buy.
Coin pairs available
There is a higher percentage of people who are getting involved in the crypto investment and are learning some new ways to make money. This is possible if you will be assuming the price stays stable. In the best case scenario you can hence make $1,000 if the price of Ether by some freak occurrence doubles.
To begin with, you need to buy licences in form of the exchange or probably a combination of two or more exchange and are usually profitable to buy in bundled form. You should be having a complete know how that where your exchange of choice is located. This is for the reason that every single state has with its laws and policies regarding the purchase of cryptocurrency.
As the number of cryptocurrencies increase and more hard instruments like futures enter the crypto space, making cash in this market is going to get harder. From having a user-friendly user interface, buy and sell logs to making the interface localised, profit trailer trading bot is definitely taking over the market.
This is possible if you will be assuming the price stays stable. In the best case scenario you can hence make $1,000 if the price of Ether by some freak occurrence doubles. 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. Having a reason why you want to begin trading is a vital place to begin. Ensure you know why you are getting involved and make sure you have a perfect strategy laid out for afterwards.