Skip to main content

Infographic: How to chose trading coin-pairs for Gunbot

Here are 5 steps for choosing trading coin-pairs.

1.) TOP VOLUME TRADED COIN-PAIRS FIRST
The traded coin-pairs selected for trading must first have activity and a large traded volume at your exchange.

2.) UP-TREND COIN-PAIRS
Save time and capital by only going for coin-pairs that are in an Up-Trend / Bullish market.
Otherwise, prepare with Risk-Management strategies like a Stop-Loss or a DCA strategy to eliminate part of the losses from a Down-Trend market.

3.) CHECK THE COINS HISTORY AND REPUTATION
Do some research before trading a specific coin. Due diligence is important, with a lot of exit-scams lurking around.

4.) "CHART" THE COIN-PAIR WITH TRADGINVIEW.COM
Get down to Technical Analysis! Use a Price Charting tool like TradingView to plot, estimate, back-test and optimize your trading strategy before starting trading.

5.) LOOK-OUT FOR PUMPS-AND-DUMPS
Regularly check your trading coin-pairs for out-off place market movements, like high spikes in price in very short periods of times. Avoid losses by not trading pump-and-dump coin-pairs.

 




 

how to chose trading coin-pairs for Gunbot

 




Infographic "How to chose trading coin-pairs for Gunbot" on Pinterest
https://www.pinterest.com/pin/697283954790409882/

Infographic "How to chose trading coin-pairs for Gunbot" in PDF format
https://www.docdroid.net/xUR1W9I/how-to-chose-trading-coin-pairs-thecryptobotcom2.pdf




 

Comments

Popular posts from this blog

Bitcoin to Overtake $20K in 2020? | Spencer Bogart & Jacob Canfield

Spencer Bogart and Jacob Canfield discuss the effects of the Bitcoin Halving, Blockchain Capital’s bold predictions for 2020 and more.

Get your Cointelegraph merch here:
Use this code for your 30% discount in our store: HODLERSDIGEST30

#Cointelegraph #Bitcoin #CryptoMarkets

Subscribe to Cointelegraph:

Follow COINTELEGRAPH:
Website:
Telegram:
Facebook:
Twitter:

Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.

Credits for the content above go to the creator:

source





Our favorite sponsor: TheCryptoBot.com

Are you trading crypto currency?
Gunbot is the ultimate Automated Trading Bot.
Take advantage of the most comprehensive trading tool on the market!


Gunbot and bitRage to be integrated with +130 Exchange Markets

The Gunbot community has always requested more exchange markets integrations, from the top markets to smaller ones.

Today we bring Gunbot and bitRage owners great news: Gunbot is getting integrated with +136 Exchange Markets and even more are coming soon!

Thanks to the CryptoCurrency eXchange Trading Library both Gunbot and bitRage will be equipped with the 136 integrated cryptocurrency exchanges.
CCXT states: "The CCXT library is used to connect and trade with cryptocurrency exchanges and payment processing services worldwide. It provides quick access to market data for storage, analysis, visualization, indicator development, algorithmic trading, strategy backtesting, bot programming, and related software engineering."



Certified Cryptocurrency Exchanges



       logo
id
name
ver
doc
certified





binance
Binance
*
API




bitfinex
Bitfinex
1
API




bittrex
Bittrex
1.1
API




coss
COSS
1
API




kraken
Kraken
0
API




kucoin
KuCoin
2
API




poloniex
Poloniex
*
API




theocean
The Ocean
1
API




upbit
Upbit
1
API








Supported Cryptocurrency Exchange Market…

Ethereum CRUSHING Bitcoin in Defi - Still Better Money

Ethereum crushing Bitcoin when it comes to decentralized finance, Bitcoin may be better money but won't be the center of defi.
👀 BLOCKFI EARN 5.1% COMPOUND INTEREST ON BITCOIN ►►
💡 LEARN MORE -

👨‍🎓 CRYPTOCURRENCY EXPLAINED BEGINNER COURSE ►►

🤑 $112 FREE CRYPTO - LONG & SHORT BITCOIN ON PHEMEX ►►
(please note margin trading is high risk and is only for experienced traders)

🔥 LONG AND SHORT BITCOIN ON BYBIT - UP TO $90 FREE BITCOIN BONUS ►►
(please note margin trading is high risk and is only for experienced traders)
💡 BYBIT TUTORIAL

💰 GET 20% OF TRADING FEES BACK ON BINANCE ►►

🐙 BUY BITCOIN ON KRAKEN ►►

🦘 BUY BITCOIN IN AUSTRALIA & NZ ►►

⚔️ TAKE YOUR SECURITY SERIOUSLY - GET A HARDWARE WALLET
LEDGER NANO ►►
💡 LEDGER TUTORIAL -

🔐 EXODUS - BEST SOFTWARE WALLET - PERFECT FOR BEGINNERS ►►


💥 CASH BACK CRYPTO DEBIT CARD - $50 FREE CRYPTO with 50 MCO STAKE ►►
This is the code cryptolark
💡 LEARN MORE -

💸 AUTOMATE YOUR TRADING 3COMMAS - 10% OFF + FREE TRIAL ►►

💡 3COMM…