Trading Tips For Automated Crypto System
If you would like to trade with the Automated Crypto System platform, you should absolutely give it a shot. It is for all intents and purposes the best cryptocurrency and Forex trading system out there right now. With that being said, there are some tips and rules that you need to pay close attention to. These Automated Crypto System trading tips will minimize the risk of losing and will maximize your profits.
Tips For Trading With The Automated Crypto System Autotrader
Let’s talk about the 7 biggest and most important trading tips for using the Automated Crypto System autotrader right now.
Pay Attention To The Confidence Rating
Perhaps the best tip that we can give you in regards to trading with the Automated Crypto System app is to always look at the confidence rating. Each Forex pairing comes with a confidence rating, otherwise known as the confidence factor. It is a percent which represents the exact chances of any given position being won. As a rule of thumb, do not place trades with currency pairings that have a confidence factor under 70%. It is just not worth the risk.
Check The Included Economic Calendar
One thing that you always want to do before you start trading on any given day is to check the economic calendar. This is a feature which is included with the Automated Crypto System app. It is vital that you check this on a daily basis. Specifically, you want to look out for 3 Bull News. If there is a national currency currently experiencing 3 Bull News, do not trade with it. Do not trade with that particular currency for 30 minutes before and after the 3 Bull News Release.
Limit The Amount Of Trades Placed At Once
You want to limit the amount of trades you place at once. This goes double if you are a novice trader and do not have much experience. Simply put, keeping track of trades becomes increasing difficult if there are too many open at once. If this is your first time trading with the Automated Crypto System app, we would recommend starting out with 2 or 3 trades. If you are somewhat experienced, you can move up to 5 trades. If you are a pro, have at it and trade as many positions at once as you see fit.
Limit The Amount Of Cash Invested In Each Trade
If you are a beginner at cryptocurrency or Forex trading, make sure that you don’t go overboard. You do not want to invest too much money into each trade. If it is your first time, we would recommend starting with $100 trades.
You can then work your way up to $250 or even $500 trades. Just make sure that you know what you are doing. Now, if you are a professional trader, you can invest more per trade, really as much as you want. Just make sure that you do really know exactly what you are doing if you are going to invest large amounts of cash per trade.
Don’t Forget To Set Stop Loss & Take Profit Levels
A very important tip to keep in mind when trading with the Automated Crypto System autotrader, is to set the proper stop loss and take profit levels. This is very important to keep mind. On one hand, the stop loss level will help you save money in the event that a trade goes wrong and is losing money. For instance, we recommend setting a stop loss level at no more than 70%. This means that if a trade goes wrong, at least you can save 30% of your initial investment without the whole thing going down the drain.
At the same time, you do also want to set a proper take profit level. We would recommend setting it at anywhere between 50% and 100%. In other words, if your trades are winning and making lots of money, after a certain point, the trades will close. It allows you to make a profit and walk away with the money you have made. Do not get greedy here, because things can change fast. The take profit level will allow you to take your money home before the trade could potential go wrong and start losing.
Trading At The Right Time Of Day And Week
Something that you need to keep in mind when trading with Automated Crypto System software is to trade during the right time of day and week. For one, this means that you need to trade during the right time of day, between 9 AM and 7 PM. If you want to make the most money possible, you need to trade during this time.
Keep in mind that this time frame is for the GMT time zone. If you reside outside of the GMT zone, you need to make the appropriate calculations so your trading time coincided with the GMT time. On that same note, make sure that you only trade on weekdays, from Monday to Friday. Currency markets are not open on the weekend, so trading FX on the weekend is useless. Yes, you can still trade cryptocurrencies on the weekend, but it really is not recommended.
Avoid Trading Cryptocurrencies For The Time Being
Yes, the Automated Crypto System app is primarily designed for cryptocurrency trading. However, at this time, with the state which the cryptocurrency market is in, trading it is not the best option right now. Yes, this program does also allow for Forex trading.
At this time, you want to stick with Forex trading. Yes, you can probably still make a profit trading Bitcoin and other such cryptocurrencies. However, right now, the chances of winning trades and making money through Forex trading is much higher.
Tips For Automated Crypto System Trading – Final Thoughts
As you can see, these Automated Crypto System trading tips really are quite simple. If you follow them all, you should be able to win tons of trades and make a healthy profit on a daily basis.