who to trade in binanceBinance is one of the most popular cryptocurrency exchanges globally, with a user base greater than 300 million users worldwide.
The exchange has over 4500 staff and is based on technology similar to Ethereum. But there’s an innovative way to access the market in the form of its crypto-only trading strategies.
A few options for your search are:1) Crypto Index Strategy: This strategy uses index data from various crypto markets: Litecoin, Bitcoin, ETH, Ripple etc.
To start trading you need to have enough money in BTC. Once that's done then all other details will be taken care by index providers and the platform itself.
After registration the fund manager will launch the portfolio, so to say, and you'll trade only with your own funds. As there is no requirement to have at least 2 ETH in your wallet. After completion the dashboard will show that a portfolio is up, but it is not ready to be traded immediately. The option is available during the test period, when you can see if your portfolio is good to buy or sell. Then simply enter ETH into the order book for trades; as they make changes the percentage in which each token is going to go down or up. In case you've got more than one ETH your total will rise significantly. However, this does not mean your account should have less or maximum of ETH. If you want to receive profits it is advisable to increase the number of ETH within the account.2)
Buy & Hold Strategy: This strategy allows buying and holding different altcoins and/or tokens in the same balance. For example you’ll have 10 ETH in your wallet and another 10 ETH on BNB; you’ll still want to keep them both in your wallet for long term use.
If something happens later, you know what to do, even though the process is technical. As soon as your tokens are in their position, you can invest them in either one of these coins to become liquid again. You can choose between Litecoin, Bitcoin (BTC), Ripple, ETH/USD and Zcash.
The biggest advantage is the ease of use. All the information about the asset (price, volume, team and many others) will be shown during the purchase.3) Technical Analysis: These are technical tools used for analyzing crypto markets.
Since the beginning of 2018, they are quite powerful, but they are also known to be extremely volatile. They take the opportunity from multiple factors in the environment and give us just a small window of understanding. Therefore we can only predict price movements with a high degree of certainty.Once they get up to the point where they make a big difference you can withdraw your crypto from the current value. But sometimes it makes sense to add some new assets to the list. That means making a list with a higher probability of being sold. We also recommend keeping an eye on the last minute trades. During the trading phase and the confirmation period you can see how much profit was made. Remember those investments are on your side of the table; you're not risking anything.4) Pairs Strategy: When using pairs strategy, two assets will behave differently. Let’s say you’re trying to trade USD and EUR (they should have opposite movement). Each day both currencies make a positive gain, then you won’t see them again until Monday. Now imagine having pair that shows both BTC and BNB, or ETH and TRX (TRX should also have the highest volume). It would definitely happen as soon as everyone sees them together. Of course both can go down, however they can go further than that and become difficult to trade. For such situations, the main thing here should be keeping your eyes open. You need to understand the basics before investing. With this approach, prices can change easily over a short time frame, thus giving traders a lot of freedom.5) Indices Strategy: This doesn’t mean you can buy the entire basket of cryptocurrencies; instead you need to pick out ones that are expected to become a profitable asset. Some options are Litecoin (LTC), ETH (ETH), BTC (BTC) and Zcash (ZEC). As soon as you see relevant indicators the following information is also put in front of your eyes. For example, BNB has an important influence on ERC20 tokens, whereas LTC has a huge influence on RBCs. So you might expect the price on ETH to drop while you buy the LTC with BTC. Not even sure it would happen to ETH, but it will most likely happen on that pair.As a rule of thumb, you should always try to keep at least 1% in ETH, 1–2% on BTC and 5% in LTC. Although, you need to have a certain level of confidence with this strategy. First off, it should only affect you if your portfolio goes well. Thus it might not be worth it in the long run. In addition, to be successful you need to look for projects that have already been launched. Also, avoid taking large risks for any time frame. As an indicator strategy you need to stick with smaller and shorter windows. Most importantly, don't forget to consider your security and personal preferences.So, next steps would be buying ETH, BTC, LTC and ZEC in your BNB wallet and trading them until success can be found. I won't lie, but this isn't always clear in this field. Sometimes it seems like you need a bit of luck to find it. Don't be afraid. Just keep at it!
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