If you’re looking to Trade the crypto coin Ripio Credit Network (RCN) 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 Ripio Credit Network (RCN) 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 Ripio Credit Network (RCN)
So the best way to trade Ripio Credit Network (RCN) is to follow these steps, we cover all that you need to know for trading Ripio Credit Network (RCN) 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 Ripio Credit Network (RCN). 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 Ripio Credit Network (RCN)). 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 Ripio Credit Network (RCN), 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 Ripio Credit Network (RCN) 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 Ripio Credit Network (RCN) which means a very high chance of success. Even if you are only planning on trading the one coin (Ripio Credit Network (RCN)) you still need to have several Ripio Credit Network (RCN) 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 Ripio Credit Network (RCN) 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 Ripio Credit Network (RCN) 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 Ripio Credit Network (RCN) at the same time then you are going to increase your investment size too and so profit much more.
Further tips on Ripio Credit Network (RCN) Trading
Monero unique thing is that it has a complete anonymous payment system which makes it one of the most reputed coins in the market. A lot of darknet users use it and that’s why its value fluctuates a lot. Don’t get tempted by fast profit wait for the coin to fall and then buy it. This is the basic rule of Trading: Buy low, sell high.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.
The basic motto which every trader should follow is that the best time to buy is when the prices are low. 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. 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.
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In the industry of the cryptocurrency, the very first step into the cryptocurrency world will happen to take place as all the way through an exchange. Binance has to be the top Crypto exchange as it has very low fees (especially if you pay with BNB) and they also have the best coins and a brilliant GUI.
Everyone on the internet knows about Bitcoin. It is still the king of crypto currency with more than 35% market cap. Although it has yet to show the magic it has shown in 2017 but still it is the top-rated crypto coin with a lot of potential. One of its main advantages is that the transaction fees are minimal if compared with traditional methods.
While selecting any exchange, make sure that it is safe and secure too. This is somehow much vital factor to learn about. Feel free to ask any question in comment and we will get back to you as soon as we can!
Cryptocurrency- Currency of the future!! It has in recent times gained momentum in its usage and awareness among people. With its increased utilization it has brought into attention of whole new segment of investors thereby leading to enhancement of the market. As one with slight software development knowledge can create cryptocurrency which may be spammed at some cases. If you have enough patience, then you can wait for some time and earn with some of the amount. You can give a look around and check if anyone is ready to provide you with the service which you want to get.