If you’re looking to Bot Trade the crypto coin??EOS Network (EON) 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??EOS Network (EON) 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??EOS Network (EON)
So the best way to trade??EOS Network (EON) is to follow these steps, we cover all that you need to know for trading??EOS Network (EON) 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??EOS Network (EON). 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??EOS Network (EON)). 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??EOS Network (EON),??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??EOS Network (EON) 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??EOS Network (EON) which means a very high chance of success. Even if you are only planning on trading the one coin (EOS Network (EON)) you still need to have several EOS Network (EON) 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??EOS Network (EON) 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 EOS Network (EON) 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??EOS Network (EON) at the same time then you are going to increase your investment size too and so profit much more.
Further tips on??EOS Network (EON) Trading
Investing in crypto coins is a high-risk investment. It can make you a millionaire in few months or it can also make you broke in some weeks so it???s better to do your own research before investing in any new coins. Just follow the tips we have provided and you may end up finding the next BTC.??If you are new in the field of crypto currency trading, then you would definitely be having a question in your mind that how much money you can make from crypto currency trading.Highlighting the fact that the exchange fees can vary from minute to minute that is all the more based on the change regarding rates.
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.??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.??Alongside this decision, it is also equally important to understand the varied coins available from reliable sources.
Motto should be to buy low and sell high
Usually, coins with good behaviourally pattern have a good client base. Also coins with good presence on online communities is another differentiator for its clients base.??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.
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.??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?
With current evolution and advancement of technology and advent of new form of digital currency named cryptocurrency, new trends are coming into limelight.??Having a fast customer support would save you lot of anxiousness and time, especially in a quick-paced atmosphere.
Altcoins can lose their value over time. Sometimes they can bleed out very fast which can make you broke. Only hold those coins which have a very good community backup like XRP, Montero, and LTC.??However, if followed by the right strategy can lead to profitable returns in the future. Be you an all-day trader or long-term trader or just a beginner, below are few named tips to help with your trading.??Cryptocurrencies are becoming more famous by the day, and many new investors want to know.…