Altcoin market is booming and is heading to touch all time high again in January. This is the best time to invest in altcoins and start trading. In this article, we will cover important aspects of trading & how to trade.
Buying Altcoins:
- Buy Bitcoins from Bitcoin Exchanges – CoinBase, Kraken, LocalBitcoins and Zebpay
Sign up for an account with Binance
2.Transfer your Bitcoins from Bitcoin Exchange to Binance . Copy Binance Deposit address and Put at withdraw Bitcoin option on Bitcoin Exchange.
You can open account with Binance with the following link
https://www.binance.com
Diversify your portfolio
Let’s assume you transfer 1 BTC to Binance . Your wallet balance is 1 BTC. Now we need to diversify your portfolio.
Buy ETH with 0.1 BTC, Buy LTC with 0.1 BTC & Reserve 0.1 BTC – these are your long term investment
Now it’s time to buy altcoins for short term investments- Buy 10 Altcoins with 0.5 BTC; put 0.05 BTC in each altcoin. Our channel will tell you which altcoins are best for short term investment
Reserve 0.1 BTC for Day Trade. Follow the signals from our channel and trade efficiently by using Stop Loss.
In our signals, we provide buy zone and three targets sell zone. Always buy under buy zone and sell 50% of coins at first Sell zone, 30% at the second sell zone and 20% at third sell zone.
Watch this video to learn: How to setup stop loss in Binance
Reserve 0.1 BTC to participate in ICOs. We will help you to identify one.
Download Blockfolio app to manage your trade from your phone; you just need to connect Binance API.
Don’t forget to actiavte 2FA on your Binance account, Use authy for that. Learn how to activate 2FA on Binance
Golden Strategies for Day Trading –
- Always setup stop loss when you trade to be on safe side.
- Setup alert when the price touches First sell zone.
- Sell 50% of them at the 1st zone, rest 50% at 2nd and 3rd sell zone.
Create Binance Account Binance