If you’re looking to Bot Trade the crypto coin??STORJ 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??STORJ 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??STORJ is to follow these steps, we cover all that you need to know for trading??STORJ 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??STORJ. 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??STORJ). 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??STORJ,??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??STORJ 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??STORJ which means a very high chance of success. Even if you are only planning on trading the one coin (STORJ) you still need to have several STORJ 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??STORJ 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 STORJ 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??STORJ at the same time then you are going to increase your investment size too and so profit much more.
Further tips on??STORJ Trading
Ripple is one of the fastest crypto currency available (it only take 4 seconds for a transaction to get cleared) in the world. They are led by CEO Brad Garlinghouse, who has worked for many top companies and is doing very good work in marketing the coins. In fact they even promoted it on the Ellen Show which shows how good they are marketing the coin.??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.Another essential aspect of the coin is the volume of trade it undergoes on a per day basis.
Alongside learning and understanding market trends, spend some time to familiarise oneself on the trading platform to get the heck of it.??The biggest key factor about LTC is that it can do the atomic swap (it can do peer-to-peer trading without the involvement of any third party) which makes it a better option to choose.??Email verification and encryption, for every transaction there will be an email sent to your ID to verify the transaction.
What are the top Crypto Coins to Trade?
The creation of this coin is a small fairy tale Internet. The Bitcoin proof of concept first emerged in 2009 and was created by the mysterious figure of Satoshi Nakamoto , who really do not know anything, because not only gives interviews and communicate via email . Your personal data are so scarce that many think his name is a pseudonym for a group of people who created the currency.??It offers the range of lower fees. It make you offer with the resolution system, all along with the rating system for traders.
Some of the companies would be coming into the streamline as where they will be provided with the greater sum of the chances to the people as against to help them in need. But it has been offering you with more than that as you expected!??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.
What is more amazing is that it has also been reported to make profits through the heights of Bitcoins fluctuations, demonstrating a best level of intelligence.??Next one of the most best ways to buy trade crypto currency with Paypal would be jumping into the money exchanging. You can click through the site here. Be sure that you need to make at least a minimum of 50 dollars worth.
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.??Well, this is all we have ended on with the discussion of some of the critical and top tips as required while choosing crypto coins.??If you are new to crypto then getting hold on to with this piece of article would come about to be much informative for you. Scroll down and get the general information and interesting facts related to it.…