Make even more profit on crypto trading with trade-mate.io

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Popular beginner mistakes in trading

>>> Let’s analyze the most common mistakes that beginners make in crypto trading

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Popular crypto trading strategies

Trade with the trend

Cryptocurrency is bought during the period when a pronounced uptrend is detected. The most popular strategy is based on intra trend trading: during the price movement up in a “ladder” pattern cryptocurrency is bought during the correction, and then sold at higher levels. Professionals use this approach even in a downtrend.

Scalping

This approach suggests to conduct as many trades as possible during intraday trading. Scalping is great for both beginners and experienced traders. The crypto market is an ideal environment for this strategy due to the high volatility, which allows you to extract more profits in a short period of time.

Algorithmic trading

Automatic trading on the cryptocurrency exchange takes place with the help of bots that operate according to specified algorithms or copy trades of professional traders.

There are a lot of such services for cryptocurrency trading. One such service is trade-mate.io, which allows you to trade cryptocurrencies on the Binance, Poloniex and Bitmex exchanges independently or follow the signals of highly rated traders carefully selected by the platform's team.

Crypto arbitrage

Quite a difficult strategy for beginners. There are two main types of crypto arbitrage:

- Inter-exchange - cryptocurrency is first bought on one exchange at a lower price, and then is transferred to another and sold at a higher price.
- Intra-exchange - pairs are identified in which quotes between cryptocurrencies differ. The tactic usually involves three cryptocurrencies or two cryptocurrencies and a currency (or stablecoin), but there are more complex schemes of intra-exchange arbitrage.

Trading by indicator bundles

This approach is used by more experienced traders, but it can be mastered by beginners. The bottom line is that the trader receives signals at a time when the trading indicators show certain values. As a rule, 3 or more indicators are used. For example, a very popular combination of the indicators is SMA, MACD and RSI.

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Tips for building your crypto portfolio

For a successful result, it is necessary to properly create and look after your crypto portfolio. Here are some tips on how to do this.

Diversify it

Compliance with risk management is a must-have for any crypto investor or trader. The portfolio should be structured in such a way that the potential profit is always correlated with the level of risk. It is important to understand that highly liquid assets will bring less profit, and low liquid assets carry high risks.

Balance your portfolio

First of all, you need to decide what type of investment suits you the most: conservative or more aggressive one. On this basis, your crypto portfolio should be built. The recommended number of cryptocurrencies in the portfolio is up to 15–20. There are three types of portfolio:

- Conservative. At least half of such a portfolio is made of Bitcoin. The rest is up to the top 5 altcoins.
- Moderate. The main part of the portfolio (up to 75%) consists of top altcoins, and the rest — Bitcoin and up to five high-risk altcoins.
- High-risk. In the portfolio of this type, cryptocurrencies are distributed approximately evenly, and the crypto portfolio itself consists of bitcoin, several tops and new low-liquid altcoins, the number of which usually prevails.

The more cryptocurrencies there are in the portfolio, the more efforts need to be made to monitor the market, but the potential profit can increase manifolds. Constantly recheck and re-balance the crypto portfolio, selling coins that have grown in price and buying more promising ones at the moment.

Follow the news and the state of crypto portfolio

Trade-mate.io service, which allows you to constantly monitor the status of crypto portfolio and view statistics on the exchanges Binance, Bitmex, and Poloniex, will help you with that. In addition, the platform provides recommendations for automatic cryptocurrency trading from experienced traders who will tell you when to buy and sell cryptocurrencies.

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Trading VS copy trading: what to choose?

In the digital age, information has become available to a wide audience. Now users can not only easily access training materials on trading, but follow the professionals as well. Let’s try to understand what is preferable to choose when trading cryptocurrencies.

What is copy trading and how does it differ from manual trading?

Copy trading allows you to copy trades of other traders automatically without manual intervention. This eliminates the need to constantly monitor the market and spend all the time monitoring charts.

Pros and cons of independent trading

Manual trading requires a lot of practice and self-control. It is necessary to constantly learn, and test different strategies and picking the most effective ones. With a proper approach, independent trading can be much more profitable than copy trading.

The main advantage of manual trading is that the trader does not transfer the responsibility to anyone, but takes them solely by himself. Even experienced traders can succumb to emotions and make typical mistakes.

Copy trading allows you to learn from the trades of other market players. The trader does not necessarily have to immediately copy the trades of professionals. He can follow the trades of a professional, analyze his strategies and learn on his mistakes without risking his own funds.

Summary

Copy trading is great for beginners, and as your skills develop, it is better to gradually move to independent trading. If you are new to cryptocurrency exchanges, you can use the Autotrading function, which is provided by the trade-mate.io service. The site has useful guides on its use. The platform works with three major exchanges: Binance, Bitmex, and Poloniex.

Experienced traders can be certified by the trade-mate team and make more money by providing other traders with signals to buy and sell cryptocurrencies.

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The most popular trading indicators

Each trader prefers his own set of trading tools, based on his own skills and strategies. But there are indicators that are used by almost every trader. We present a list of the most popular trading indicators for crypto traders.

SMA
Simple moving average is one of the most common trading indicators, which is displayed by default on the charts. SMA smoothes price fluctuations, providing a more complete and clear picture to determine the direction of the trend.

MACD
MACD is a combination of trend and momentum trading indicators that show the difference between the convergence of two moving averages: fast and slow. This indicator is also used to predict trend line reversals, determine divergence, and to trade during uptrend or downtrend.

RSI
Relative strength index (RSI) refers to pulse oscillators. Based on the name, the indicator determines the strength of the trend and the probability of its change. The stronger the RSI grows, the more bulls prevail over bears, and vice versa.

Bollinger Bands
Bollinger bands reflect the volatility of the cryptocurrency, which allows you to more accurately determine the upper and lower limits of the channel through which the price moves.

Volume
The Volume indicator is another necessary indicator that allows you to determine the truth of the displayed charts. There are cases when there is a “false breakdown” of the price or the price rises while the volumes fall or remain at the same level. Thus, the volume indicator allows you to identify false trends and Pump & Dump schemes.

Trade-mate.io service uses advanced charts TV (Tradingview), which contain a huge number of necessary indicators for trading and works with exchanges Binance, Bitmex and Poloniex. Trade-mate provides a single Cabinet for working with multiple exchanges with statistics and provides features such as Smart Trade, Autotrading and trailing ladder, which can be found on the website of the platform.

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What is crypto arbitrage and is it effective?

Cryptocurrency arbitrage allows you to earn on the difference in the value of assets. This type of trading came from traditional financial markets and has become widely used by crypto traders.

Types of cryptocurrency arbitrage

There are two main types of crypto arbitrage:

- Inter-exchange
- Intra-exchange

The first and most common way is to buy cryptocurrency on one exchange at a lower price and sell it on another at a higher price. There are many factors to consider in this approach: spread, fees, transaction speed, price movement speed, trend direction and so on.

The second method is more complex, but less risky, because all transactions are made on the same exchange, and the work goes faster. A popular scheme is the so-called intra-exchange triangle, based on the difference in the rates of several cryptocurrencies. Two or more cryptocurrencies are involved in the trade. For example, the first bitcoin is bought, then BTC is exchanged for XLM, which is sold for dollars.

Disadvantages of crypto arbitrage

The method is quite difficult for beginners and requires a certain set of skills. It is necessary to carry out complex calculations and take fees into account: both trading and cryptocurrency deposit and withdrawal fees. It is profitable to engage in inter-exchange arbitrage only when the trader has a sufficiently large deposit since the total fee can be up to 200 or more dollars. This increases the risks significantly.

When conducting inter-exchange arbitrage with cryptocurrencies such as BTC or ETH, the rate can change significantly due to fairly slow transactions, which, under high load on the network, can hang for several hours.

How effective is crypto arbitrage

Arbitrage can be effective due to high volatility and rapid changes in the exchange rate of cryptocurrencies. But for the same reason, it can lead to losses as the price can quickly level off or become lower at the time of sale.

It is more appropriate to use intra-exchange arbitrage. Trade-mate.io service, which allows you to manage assets in a single window, will help you a lot. Currently, three major exchanges can be connected: Binance, Bitmex, and Poloniex. If you decide to use inter-exchange arbitrage, you can track prices and quickly sell on two exchanges at once. For example, open long on Binance and short on Bitmex without withdrawing funds to save time.

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5 key risks of cryptocurrency trading

The cryptocurrency market is speculative, which is why traders and investors face high risks. Let’s break down 5 key risks that crypto traders and investors will have to face.

High volatility

The crypto market is not yet liquid enough, which is why cryptocurrencies are very volatile. Small volumes often lead to collapse when a large number of coins are sold on the exchange. In addition, every Bitcoin fall affects the market as a whole, because it serves as its main indicator.

Market instability

The market is quite young and still poorly formed, as a result of which it is very unstable. Forecasts of expert analysts, that worked well in 2017–2018, now do not.

Legal uncertainty

A positive trend among developed countries in respect of cryptocurrencies should be noted and appreciated. But it takes a lot of time for governments to prepare a legislative framework taking the specifics of the crypto market into account. This constrains the influx of institutional investors and traders, as special requirements are placed on them. US has already prepared platforms for investors that allow trading bitcoin futures, such as Bakkt and CBOE. But this is only the beginning.

Hacker attacks threats

Cryptocurrencies are most attractive to scammers, due to the lack of control from the outside. Even if it is possible to track down the fraudster, it is impossible to block funds on the wallet, and small exchanges are often hacked because of weak protection. Therefore, it is best to use proven and reliable services, such as Binance or Bitmex.

Fraud

Due to their relative anonymity and lack of control, cryptocurrencies are also attractive for scammers. The market is full of fraudulent ICO projects, crypto-services, exchanges and so on. You should choose community-proven services such as trade-mate.io — the platform for automatic cryptocurrency trading. The service provides advanced trading features such as auto trading, Smart Trade and ladder trailing. The system works with three major crypto exchanges: Binance, Bitmex, and Poloniex. Trade-mate.io does not have access to funding withdrawal, but only manages them through the API of exchanges.

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What not to do when trading crypto

Beginners often make mistakes, as a result of which they quickly lose their funds. Let's analyze the most common mistakes that inexperienced traders make when trading cryptocurrencies.

Emotional trading

Crypto trading is a cold calculated process. All actions to buy/sell cryptocurrencies should be carefully analyzed and decisions should be made only on the basis of logic. Novice traders often succumb to the influence of FUD during the fall of the price, because of what as quickly as possible seek to get rid of the cryptocurrency, and FOMO, encouraging to buy an asset when it has already grown sufficiently.

Trading large amounts

To trade, you need to allocate a small part of the deposit - 5-10% and even less 1-2%, if you trade with leverage, which is not recommended for beginners anyway. The amount of funds allocated for the purchase of assets may vary depending on the risks: the higher the risk, the smaller the amount you should trade with accordingly.

Misunderstanding of the cryptocurrency market fundamentals

The crypto market is manipulated by large players due to its low liquidity. Whales use tricks to lure inexperienced players and make money on them. The most common scheme is Pump & Dump. Newcomers see a fast-growing asset and rush to buy it to get an easy profit. After that, the value of assets just falls as quickly, and "hamsters" lose their money.

Wrong risk management

Risk management is based on two key principles that are often neglected or misused by inexperienced crypto traders: averaging and diversification. Trading requires long and painstaking study as well as practice. Beginners tend to average to the last, despite the clear downward trend, and diversify too much, distributing the bulk of the funds among altcoins, which fall more rapidly when bitcoin falls. At the same time, they even forget to set stop losses. Trade-mate.io service offers tools that will help beginners reduce risks and trade more productively on the crypto market thanks to advanced trailing mechanisms. If you do not have enough experience, you can set up an auto trade on the signals of professional traders and bots on the exchanges Binance, Bitmex, and Poloniex.

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What is risk management and how to diversify your crypto portfolio

The basis of successful crypto trading is the ability to correctly allocate assets based on the current market situation. It is necessary to learn how to detect market movement and redistribute funds in the crypto portfolio in time, selling noticeably grown cryptocurrencies, and instead of buying more promising ones for growth.

The first thing to do is to determine the investment horizon. Depending on the period, you can invest in short-term, medium-term and long-term, on the basis of which it is necessary to select assets. For example, Bitcoin or Ethereum is more suitable for medium to long-term investment.

The basic rule of risk management is the balance between risk and profit. These indicators are closely related to each other. With high risks, the potential profit increases. The reverse is also true. Therefore, you need to create your own risk profile. There are three types of portfolios:

- Conservative. Half of the portfolio is made of bitcoin and the remaining half - of top altcoins. The ratio can also be 30/70 or 25/75.
- Moderate. Top altcoins dominate here, then funds are evenly distributed between bitcoin and high-risk altcoins.
- Aggressive. Funds are evenly distributed between bitcoin, top altcoins, and high-risk coins.

The ratio of crypto assets in the portfolio may vary, but you should not allocate too much money for high-risk assets. This is the point of diversification: profit from one asset can cover losses on another. You cannot allocate the bulk of the funds to one asset. But too many cryptocurrencies in the portfolio will complicate the analysis process, especially for beginners. The optimal number of coins in the portfolio is between 10 and 15.

For effective management of crypto portfolio you can use additional tools and services that will help to simplify this process. One such service is Trade-mate.io, which allows you to manage crypto assets on several exchanges in a single window. Crypto investors currently have access to three major exchanges: Binance, BitMEX, and Poloniex. The platform also provides tools to reduce risks in diversification, such as trailing stop loss and take profit, Smart Trade, and panic sell. Also, Trade-mate.io has an auto-trade function, which allows you to copy cryptocurrency portfolios of other investors.

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Sprint or marathon: what timeframes are better to trade on?

A timeframe or trading period is a time period during which market quotes are grouped.

Choosing a trading period is an important part of preparing for trading. Each requires an individual approach. There are several timeframes:

Short:
  *Minute

Medium-term:
  *Hourly

Long:
  *Daily
  *Weekly
  *Monthly
   *Annual

The last two trading periods are rarely used in trading and are more useful for background information.

Which timeframe is better to choose

For intraday trading and scalping, minute timeframes M5, M15 or M30 are most often used, which allow identifying local price movements. But it also uses hourly and daily trading periods to determine the trend. In addition, working with small timeframes requires a lot of trading experience, and beginners can easily lose money if they do not know how to use them competently. Trade-mate.io service provides a Smart Trade function that allows you to configure take profits and stop losses at your discretion and also supports trailing mechanisms.

To identify a more global trend and its reversal, it is more expedient to use daily and weekly trading periods. Novice traders should stick to long-term strategies and then move to narrower timeframes. Trade-mate.io supports Tradingview charts that have all the necessary timeframes. The service provides trading on Binance, Bitmex and Poloniex exchanges in a single account.

Summary

Each trader chooses the most optimal strategy for himself, on the basis of which it is necessary to choose the period for trading. If it is more suitable to trade intraday, the main tool of the trader will be minute timeframes. If the trader prefers a more relaxed strategy to hold the asset for a few days or weeks, then hourly and daily timeframes are the most suitable, respectively.

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Binance added Russian ruble support

Binance is one of the largest crypto-exchanges in the world, which, thanks to innovative approaches, quickly took a leading position in the market. This year, the exchange launched margin trading with leverage and futures trading.

Now the Binance platform has launched a payment gateway that allows you to buy and sell cryptocurrencies for Russian rubles. The minimum purchase amount is only 1,000 rubles.

You can buy cryptocurrency in two ways:

Buy cryptocurrency using Simplex or Koinal wallet, paying for the transaction by Bank transfer via Visa or Mastercard. There is a 2.5% fee. The transfer may take up to 3 days.
You can replenish your Binance account through the AdvCash payment system and buy cryptocurrencies from the exchange's internal account. In this case, the funds arrive within a few minutes.

With the help of these wallets, you can withdraw rubles. Deposit and withdrawal using AdvCash is carried out without a fee. But that's not all. Now Binance supports other fiat currencies. You can also buy Bitcoin and altcoins for:

-USD
-EUR
-CNY
-TRY
-UAH
-KZT
-NGN
-INR

 Trade-mate.io service provides automated trading on the Binance crypto exchange, as well as on Bitmex and Poloniex through the API. Traders can use trading signals provided by professionals, telegram channels or bots. For manual trading, the service provides an advanced Smart Trade function that supports trailing stop-loss and take-profit, due to which it is possible to maximize profit and reduce risks when trading cryptocurrencies.

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5 things a novice crypto trader has to understand

Today we will talk about what beginners need to know in order not to lose all the money on the crypto market and trade profitably.

Risks

Cryptocurrency trading is associated with high risks, which are higher than even in the currency and stock markets. Therefore, the first thing a novice crypto trader needs to do is to create a risk profile and choose a trading strategy in accordance with it. Determine which profile is closest to you: more conservative or more aggressive one. The conservative profile is more suitable for investors who prefer to play long. A more aggressive profile is suitable for short-term traders, but the risks and potential profits are higher.

Strategy

The Internet is flooded with off-the-scale number of "miracle strategies". But it is important to understand that there are no strategies that work always. In some situations, the strategy is effective, in others it is not. It is necessary to constantly learn and develop your own trading strategies for the crypto market.

Exchanges

It is necessary to choose a platform for trading, which will be convenient to work with. Crypto-exchange should have a sufficiently high liquidity. For beginners, the most suitable exchange are Binance and Poloniex. Another exchange to pay attention to is BitMEX. This platform allows you to trade with leverage up to X100, which significantly increases both the profits and the risks, so you have to have experience to use it.

Trade-Mate.io service will also be of great help for beginners - it is an automated platform for crypto trading, which works with all three cryptocurrency exchanges mentioned above and provides access to orders in a single Cabinet. The service allows you to copy trades of experienced traders, and to maximize profits and reduce risks, there are trailing mechanisms that automatically rearrange take profits and stop losses.

Take profits and stop losses

No one knows for sure where the market will go. Therefore, it is always necessary to set goals based on the current situation. Stop losses allow you to prevent large losses in the event of an unexpected fal.

Self-discipline

It is necessary for a trader, because emotions can prompt to make wrong decisions, because of which you can lose money. It is necessary to learn to abstract from the situation and analyze the crypto market objectively.

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Top 5 indicators for crypto trading

The number of trading indicators exceeds reasonable limits, and most of them  either work poorly or are completely useless. Many indicators have a very specific purpose, which are understood only by professional traders. Beginners need to start working with a small number of indicators that are easy to learn and they should use them thoroughly. Here are 5 best indicators for novice crypto traders.

Moving averages or MA

There are quite a lot of types of moving averages on the crypto market. There are non-standard MA developed by experienced traders to solve highly specialized trading tasks. The most popular moving averages are SMA or simple MA. SMAS are needed to smooth out price fluctuations, which helps you to determine where the price is moving at the moment .

RSI

The Relative Strength Index trading indicator belongs to the category of oscillators that display how badly cryptocurrency is overbought or oversold. RSI displays values from 0 to 100. Levels 40 and 80 show that the cryptocurrency is too oversold and overbought respectively. RSI also allows you to detect divergence.

MACD

This indicator shows the convergence and divergence of moving averages. MACD combines the properties of both an oscillator and a trend indicator. MACD also allows you to identify divergence and determine the point of trend change. It works best in a pair with SMA. For example, when moving averages cross the zero level during the decline, it means that the asset should be sold.

Momentum

The Momentum indicator is one of pulse oscillators. It shows how often the price changes and with what force. Using the indicator, you can predict the further direction of the trend.

Stochastic

Stochastic indicator allows you to determine the moment when the price movement will change its direction. With stochastic you can find a suitable point to open or close a position.

Trade-Mate.io service for automatic cryptocurrency trading  integrated charts known resource TradingView, which allows you to work with a large number of trading indicators on Binance, Bitmex and Poloniex exchanges and contains a large number of settings.

It is important to understand that together several indicators work much more effectively than individually. Experiment more and develop strategies by combining several trading indicators.

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Cryptocurrency capitalization - let's talk the nuances

Market capitalization is a key indicator of any asset state. Despite its importance, not everyone understands what it is. Let's explain what cryptocurrency market capitalization of is and why it is useful.

What is cryptocurrency market capitalization

Capitalization is a financial indicator that reflects the total market value of all coins in circulation at the moment. This indicator is formed from the fact at what price people are willing to buy a particular digital asset, resulting in the current market supply. To determine the capitalization, it is necessary to multiply the cost of one cryptocurrency by the number of coins in circulation - circulating supply.

What does capitalization indicate

Capitalization indicates liquidity of the market. Cryptocurrencies with a capitalization of more than $1 billion are considered highly liquid, thus, more reliable. The higher the liquidity, the harder it is to bring down the rate. But this is the main drawback of the crypto market - there are only a few liquid crypto exchanges. Such exchanges do not have single liquidity providers. There are only a few crypto-exchanges with high liquidity. The most popular of them are Binance and Bitmex. The less liquid Poloniex exchange is also popular among traders.

For convenient work with these exchanges, a service for automatic cryptocurrency trading has been specially developed - Trade-Mate.io. The service provides features such as Smart Trade with advanced trailing mechanisms, auto trading with the ability to copy trades. Trade-Mate.io allows you to manage all orders on several trading platforms at once.

If the capitalization of fiat currencies or shares is difficult to establish, since a full accounting of all assets in circulation is maintained, capitalization of cryptocurrencies is much more difficult. The crypto market is decentralized, which means that it is almost impossible to reliably determine total amount of capitalization. For example, the total number of Bitcoin coins mined is 18.55 million. But this figure does not represent circulating supply - it does not take into account assets that are simply stored in wallets or have been lost. According to some reports, at least 10% of all bitcoins have been lost.

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How to trade Bitcoin?

Bitcoin is the most popular digital currency with high potential for trading due to its volatility. So, that's what you need to do to trade bitcoin on the exchange.

Register on the crypto currency exchange

The first step is to choose a reliable trading platform. The most popular ones are Binance and BitMEx. Binance exchange offers a wide range of altcoins traded in pairs with bitcoin and is considered one of the most reliable platforms. BitMEX contains a small number of pairs but allows you to trade with leverage up to X100.

Replenish your Deposit

Once you have chosen a cryptocurrency exchange, you need to replenish your trading account. To do this, you first need to buy bitcoin. This can be done in either of the following ways:

 -Through the exchangers. The cryptocurrency will immediately go to the exchange account or to the internal account of the exchanger, after which it can be withdrawn to the exchange.

 -On the exchange itself. Recently, Binance added support for dollars, euros, rubles and hryvnias, which allows you to make a Deposit and buy cryptocurrency directly on the exchange.

How to trade Bitcoin

Let's move on to the process of trade itself. There are many trading strategies that require a lot of experience in trading. The task of trading is to make money on the difference in the rate.

The easiest and most popular way based on the principle of “buy and hold". You just need to buy the cryptocurrency, placing an order on the rollback and wait for the rate to rise, then sell.

It is convenient to track the dynamics of the portfolio via Trade-mate.io service. The personal account displays the full statistics, where you can see how the trading account state has changed on the exchange. You can connect several exchanges and trade in a single cabinet through the API: Binance, BitMEX and Poloniex.

In trading, it is important to set stop losses to minimize losses. Trade-mate.io supports Smart Trade, which allows you to automatically move the levels of take profit and stop loss as the price rises to maximize profits.

Trade-mate.io knowledge database will allow a beginner to quickly get used to trading and will teach you how to set tasks correctly.

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Bitcoin Cash trading secrets

Bitcoin Cash is a Bitcoin hard fork created to solve scalability problems. Bitcoin Cash is created to replace the original Bitcoin and to take its place of honor. The new hard fork increased the block size to 8 MB, which made transactions faster.

But at the same time this caused another problem - the risk of centralization by large miners increased. But such an outcome is unlikely, since the "conqueror" of the network is unlikely to immediately sell all the coins, and the rate will fall very quickly, which makes the enterprise extremely unprofitable for companies that have spent a fortune on equipment.

How to trade Bitcoin Cash

For trading, it is most rational to use advanced Tradingview charts, which are supported by the Trade-mate.io service. With this platform you can trade BCH in a convenient cabinet on three popular exchanges at once: Binance, BitMEX and Poloniex.

Right in the Cabinet, you can configure trading indicators at your discretion.

Strategies

Given the speed of price change and high volatility of BCH, it is hard to use classic indicators such as SMA or MACD. This is due to a large delay in the delivery of buy/sell signals.

But you can see that a simple and popular Bollinger Band indicator works perfectly. Provided that the candle is closed outside the boundaries of the channel, the position opens in the direction of the breakdown.

It is recommended to use a trailing mechanisms Trade-mate.io supported in Smart Trade option. This will increase the transaction profitabilityas the rate of BCH increases, and will protect the trader from an unexpected fall in the rate.

A little bit of inside

Did you know that the largest manufacturer of mining equipment Bitmain sells ASIC miners for Bitcoin Cash? This information can be used for trading. Keep an eye on the new releases by the manufacturer - usually the rate of BCH begins to grow afterwards. The Bitcoin Cash market has significantly less liquidity than Bitcoin, so during major events, the “younger brother” of bitcoin is growing more actively, on which you can make good money.

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How to trade Ethereum

Ethereum is the second largest cryptocurrency by capitalization after Bitcoin, founded in 2014 by Vitalik Buterin. The work of the ether is based on smart contracts technology, which was first implemented in this cryptocurrency. Smart contracts allow to conclude transactions between users without intermediaries, and the program code controls the fulfillment of the obligations of both parties.

Where you can trade Ethereum

Ethereum is traded on all cryptocurrency exchanges, as it is the main altcoin. The most popular trading platforms are Binance and BitMEX. To store ether, you need to have a wallet, such as MyEtherWallet. If you plan to trade, there is no need to buy cryptocurrency through exchangers, but you can buy it on the exchange directly - Binance added support for ruble and currency pairs, including ETH/RUB.

How to trade

The Ethereum price chart is represented by the Trading View resource, which is integrated into the Trade-mate.io service. In your account you can connect three exchanges Binance, BitMEX and Poloniex. In addition to advanced Tradingview charts service provides smart trade functionality with trailing stops and autotrade, allowing you to copy trades of other traders and trading bots.

The Ethereum volatility allows you to use any classic strategies inherited from Forex. If the foreign exchange market has long acquired immunity to technical analysis, the crypto market allows you to make a profit due to the immaturity of the industry. The most popular trading indicators are Bollinger Bands, Fibonacci Levels, RSI and others. A detailed description is easy to find on the Internet, but do not forget about the main rule - set up stop losses, because any cryptocurrency can collapse by 20% or more in a few hours. Trade-mate.io will help to extract the maximum profit, because smart trade allows you to automatically rearrange the stop loss as long as the price rises.

Little trick

Special attention is focused on Ether because of its popularity, so the coin is quite sensitive to news. Even rumors can lead to strong growth or collapse of this cryptocurrency. For example, fake information about the death of the founder of the project at the end of June led to a strong price collapse.

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Secrets of trading Litecoin

Litecoin was developed in 2011 by former Google employee Charlie Lee and is called "The Bitcoin younger brother" and "digital silver". And for a good reason. Its work is based on the Bitcoin architecture. The name Litecoin is symbolic - the size of the blockchain is significantly smaller due to more compact blocks, and the blocks themselves are formed faster than in the main cryptocurrency.

How to trade Litecoin

Litecoin trading does not have any complicated mechanisms, and technical analysis is good not only for intraday trading, but also for trading over longer distances. Beginners will greatly benefit from Trade-mate.io automatic trading service, providing features such as:

-Smart trade, where trailing ladder is available, i.e. take-profit and stop-loss are automatically rearranged as the price changes

-Autotrade. You can subscribe to other traders and channels with signals and copy trades.

-"Panic sell" button that allows you to sell all cryptocurrencies at once.

Sign up for Trade-mate.io to evaluate all the benefits of the service. In your personal account, you can track detailed statistics of your cryptocurrency portfolio and trade on several exchanges at the same time. Trade-mate.io works with three major exchanges: Binance, BitMEX and Poloniex.

Trading secrets

It is best for Litecointrading to use classic indicators, especially trend ones. Th cryptocurrency is quite volatile, which allows you to make a profit in a growing market. This strategy is based on buying on pullbacks and selling high. To improve the effectiveness of the strategy, it is recommended to use several indicators to get a more detailed picture of the state of the market.

You can determine the necessary levels with the help of standard SMA and RSI indicators, which work perfectly together. It is also important to define the boundaries of the upward channel in order to more accurately determine levels where the price rebounds. The only strategy that does not work well when trading cryptocurrency is scalping - large spreads kill it.

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How to trade Monero

Monero was created in 2014 as a Bytecoin fork. The main emphasis was on the privacy and security of user data. Even today, Monero is considered one of the most anonymous cryptocurrencies.

How to trade Monero

Monero is one of most sensitive to news events coins. The more significant are events, the stronger the price will react after publication. Digital currencies capitalization  is significantly smaller compared to traditional financial markets, which is why there is a lot of price volatility. There is also a strong correlation between the rates of Monero and Bitcoin.

To analyze the price behavior, Tradingview charts are the best, providing all the necessary tools for trading cryptocurrencies. In fact, any of these indicators is quite effective on its own, but if you combine them, you can get better results.

Monero is traded on many crypto exchanges, among which Binance and Poloniex are particularly popular, combining high liquidity and a large number of trading pairs. Trade-mate.io service is developed for convenience, providing a variety of tools to facilitate trading: smart trade with trailing mechanisms, autotrade and Tradingview charts. Users can trade on several exchanges at once. Recently, the service connected the BitMEX exchange, and now trading with leverage up to X25 is available.

As you can see on the chart, the rate of Monero can vary from $52 to $57 within one day. Such price volatility allows trading on hourly and even minute timeframes. Another remarkable feature of the coin is the almost complete absence of flat. During the trend period, Monero has a small volatility, but as the movement equalizes, the volatility begins to grow, which allows you to extract large profits on fast trades.

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How to trade Ripple

Ripple cryptocurrency was developed in 2012 by Ripple Labs and is a decentralized protocol based on a consensus registry. The main advantage over other cryptocurrencies is low cost of transactions, low fees and high bandwidth. Another feature - coins paid as a fee are burned, so that the volume of Ripple is gradually reduced.

Trading strategies

The exchange rate of Ripple correlates with the rate of other cryptocurrencies  weakly, in particular with the rate of Bitcoin, which significantly affects the dynamics of altcoins price. Ripple is suitable for long-term investment, because it is based on an idea that can be used in the financial environment. You just need to choose a good time to buy.

Trend indicators such as MACD, Bollinger Bands, and RSI can handle this task. These trading indicators can be found on the Tradingview charts, which are integrated into the Trade-mate.io service, providing tools for automatic cryptocurrency trading. In your personal cabinet you can trade Ripple on three trading platforms at once: Binance, BitMEX and Poloniex. In addition to autotrade, the service provides smart trade and panic sell functions for instant sale of cryptocurrencies on all exchanges at once. Smart trade allows you to set up trailing stops to increase profit when trading.

In short-term trading, popular technical indicators and TA figures work well. Due to the low correlation with other cryptocurrencies, Ripple can be used as an asset hedging tool. The figure shows that the “Double bottom” figure worked well.

Lifehack

Ripple system protocol is widely used in the banking sector, so it is used for cross-border payments and currency exchange. National banks are integrating the protocol to ensure payment security. Regular news about a partnership with another large bank may provoke a rise in the Ripple rate.