Tuesday 13 September 2016

A SIMPLE AND EFFECTIVE TRADING STRATEGY FOR THE BUSY EXECUTIVE, STUDENTS, YOUTH CORPERS (1 WEEK PLAN)

Crypto currency trading requires your time and constant monitoring of price movements. Maximizing profits is a function of ones ability to monitor the price of a coin at specific and regular intervals.

However, not everyone who is interested in crypto trading has the whole time in the world to be monitoring a trade always.

People like the busy executives, students, Youth corpers may not have the time to monitor the price movement of a coin frequently.

So is there a way out for these set of people? Yes.


1 WEEK PLAN WITH A 4 HRS STRICT MONITORING SCHEDULE

Conditions that must be met

  1. 1 bitcoin or more(my recommendations)

  1. the coin to invest must
    1. be among the 1st ten coins in terms of volume.
    2. Have a strong buy support say from 100btc and above.
    3. Be a utility coin
    4. Be traded  in at least 2 exchanges
    5. Must have a wallet outside the exchange you intend using.


WHAT YOU NEED TO HAVE AND MUST KNOW AS A TRADER

  1. 1 bitcoin or more(my recommendations)

  1. basic trading skills which include the following

    1. how to deposit and withdraw your coins
    2. how to place a buy order
    3. how to place a sell order
    4. how to fill a best sell order(buying directly from the order books)
    5. how to fill a best buy order(selling directly from the order books)
    6. how to use the buy/ sell stop limit
    7. understanding the unitary system of a coin


TARGET

The target is to achieve 5% to 50% or more within a week of trade.



If the above conditions are met then we can begin thus.


I will be using 1 bitcoin as a case study. More bitcoins will be preferable if you can afford it.



  1. Start by splitting the bitcoin in 5 fractions of 0.2 btc each.

  1. Determine the interval with which you choose to monitor your trade. I recommend every 4 hrs in a day within the 1 week. (42 times in a week) and you must be disciplined about the interval you eventually choose.

  1.  At this point you select the coin you wish to invest in and then open a trade with 0.2 btc and note the entry price.

  1. place a sell order of 10% premium to your entry price.(eg  if your entry is say 0.0025btc then a 10% sell order will be 0.00275 btc). Check  your trade after 4 hrs. just remember that your target range is 5% - 50% hence be realistic when placing your sell order based on the price actions and volatility you have noticed.

  1. If after 4 hrs your sell order is filled, then you start the process again. However, if it falls below the 10% sell order mark but it is within your target range say 5% - 9% then I recommend you close the trade and start the process again.

  1. If after 4 hrs the price of the coin falls below your entry price by 5% or more. Then buy back with another 0.2btc.

  1. At this point you have spent 0.4 btc, calculate your average buy price and set a 10% sell order and wait another 4 hrs to check.

  1. Assuming there is constant 5% or more fall in price and you have exhausted your reserve bitcoin. As in you have used up all the 1 btc you split. Then it is recommended you edge  your loss by making use of  the stop limit. You can set between 1% to 10% stop limit. This is the % loss you are willing to take in case the coin decides to dip further.

From experience, utility coins usually enjoys favorable volatility, that is why I recommend such coins if you decide to use this strategy. This way you are sure of always coming out with a profit and in the worst case scenario a break even within a short period of time.



Tuesday 6 September 2016

MAIDSAFECOIN FUNDAMENTALS AND TECHNICALS: A GOOD REASON TO INVEST

FUNDAMENTALS

With MaidSafe rebuilding secure decentralised internet with BnkToTheFuture equity fundraising.....

And MaidSafe's funding on BnkToTheFuture coming up on 12th September which would run for 30 days.

Traders and investors may begin consider investing in the coin for a medium to semi long term....

See reasons


http://www.ibtimes.co.uk/maidsafe-rebuilding-secure-decentralised-internet-bnktothefuture-equity-fundraising-1579724



TECHNICALS



Taking a look at the daily charts of maidsafe... We can see that the coin has enjoyed a fair share of the uptrend for the past two months... Except for a retracement on the downside for 2 weeks now...

From the charts the coin seems to be oversold considering the RSI indicator (circled in the image).... This may however indicate exhaustion on the bears side....

With the fundamental news about the coin we may see a bounce off the support line (green line)  to the upside in the days to come...



Courtesy 
NANOKEN

Thursday 1 September 2016

WHY YOU SHOULD INVEST IN CRYPTO CURRENCY

crypto currency is an amazing technology that is revolutionizing the financial system. the technology has a lot of potentials.

Below is a checklist of why i think you should invest in crypto currency.


1. It can be used to send money to anyone in the world with even visting a bank, with little or no cost at all.

2. Trading crypto currency will make you become self employed.

3. It is an investment asset because its value tend to increase over time.

4. you can purchase goods and services with it.

5. it as real case use. it solves real life problem. eg auditing, storage, voting etc.