Automated Crypto System Trading Tips
The Automated Crypto System program is at this time the world’s best cryptocurrency and FX trading application. Making money with it is really quite simple and straightforward. Now, there are some rules and tips that you need to follow in order to maximize your chances of making a profit. Let’s go over the most important Automated Crypto System trading tips right now. We are here to help you make money and be a successful trader.
Automated Crypto System Trading Tips
Yes, the Automated Crypto System app is undoubtedly one of the most advanced trading platforms in the world. It can be used for cryptocurrency and Forex trading, plus the signals provided are highly accurate. With that being said, if you want to increase your chances of making a healthy profit, there are some tips and rules that you need to stick to. Let’s go over the 7 most important Automated Crypto System trading tips right now.
Always Check The Economic Calendar
Perhaps one of the most important tips that we can give you for trading with the Automated Crypto System app is to always pay attention to the economic calendar. There is a tab within the platform labeled “economic calendar”.
Always click on it before you begin trading for the day. What you are looking for here is 3 Bull News. The bottom line is that you don’t want to trade with any national fiat currencies that are currently experiencing 3 Bull News. This rule is applicable for 30 minutes before and after the news release, so always pay attention to this.
Take Advantage Of The Confidence Rating
There is a new feature which was recently added to the Automated Crypto System autotrader. This new feature is the confidence rating and it is for Forex pairings. This rating displays to you a set percentage. This percentage represents the chances of any given FX trade being a winner. For instance, one pairing might display a 75% confidence rating, and another an 85% confidence rating.
Obviously, you will want to trade with the pairing with the higher rating. A good rule of thumb here is to never placed trades with pairings with a confidence rating below 70%. The higher this rating is, the better the chances of the trade being won. Therefore, the chances of making a profit are higher as well.
Trade During The Right Times
This is really a rule that applies to all trading programs out there, whether for FX, cryptocurrencies, or any other asset type. You want to trade at the time of day when the market is the most active and volatile. In this case, this means trading between the hours of 9 AM and 7 PM.
This is for the GMT time zone. If you do not live in the GMT time zone, you need to make the appropriate calculations so your trading time corresponds with it. Also, only trade during the week, not on the weekend. The chances of making profits on Saturday and Sunday are fairly minimal.
Don’t Place Too Many Trades At Once
Another rule that you should definitely follow when trading with Automated Crypto System software, is to not place too many trades at once. Now, this does somewhat depend on your own trading skill level.
If you are a beginner FX or cryptocurrency trader, you should not place more than 5 trades at any given time. Simply put, it becomes really hard to manage all of your trades if there are too many open at once. When it comes to trading, it is all about the quality of your positions, not the quantity.
Limiting Your Investment Per Trade
This rule is related to the previous one. Simply out, you don’t want to invest too much money into a single trade. Now, if you are a seasoned trading veteran, you can invest as much as you want. If you feel confident in your positions, and you have done all of the necessary research, go for it.
However, if you are a novice trader, you definitely do not want to invest too much money into any trade, no matter what. If you research and analysis skills are not top notch, it will decrease your chances of making a profit. When it comes down to it, you are better off investing less money per trade and playing it safe.
Set Your Stop Loss & Take Profit Levels
Another important thing to keep in mind is that you always want to set appropriate stop loss and take profit levels. The main thing to remember here is that you do not want to get too greedy. The stop loss level, depending on how safe you want to play it, should be set between 50% and 75%.
So, if a trade happens to go south, you can at least recuperate a certain percentage of your original investment. This also applies in the opposite direction. If a trade is making you money, don’t get way too greedy. If your profit level exceeds 50% or 75% at the most, you might want to close the trade. The take profit level is definitely a nifty tool to put to use. It will allow you to walk away with a certain amount of profits, before a trade could potentially trade direction and start losing money.
Try To Stick With Forex For The Time Being
With the state of the cryptocurrency market right now, you might want to stick to Forex trading. Sure, Bitcoin and other cryptocurrency trades still have decent profit potential. However, the profit potential of trading Forex pairings at this time is much better.
Automated Crypto System Trading Tips – Conclusion
When all is said and done, these are by far the most important Automated Crypto System trading tips to follow. If you follow them, and you practice for a while, making a profit should be pretty easy. If you have not yet used this cryptocurrency and Forex trading platform, we would absolutely recommend giving it a spin.
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