Ripple trading strategy.
The cryptocurrency market is gradually moving from spontaneously organized exchanges towards interbank platforms, otherwise known as forex.
This means not only an increase in trading volumes, but also the use of the latest achievements in the field of trading, as well as the presence of leverage.
The Ripple cryptocurrency itself is very popular, and this gives hope that the spread on the XRPUSD currency pair will not be high.
Until recently, the main strategy of investors in this type of asset was to buy and wait for growth with subsequent sale; now the situation and opportunities have changed a little.
We trade Ripple in the trader's terminal.
- Choosing a broker that allows you to trade Ripple - http://time-forex.com/kriptovaluty/brokery-kriptovalut
- Next, register, download the trading terminal or use the online platform as in the example - http://time-forex.com/sovet/platform-kripto
- Analyzing the graph
- We decide on a strategy for opening transactions.
- We place orders.
- We make a profit.
You will find how to choose a broker and how to work with a professional trading platform using the links given above, so we will dwell in more detail on the strategy itself.
Adding a graph.
In the trader’s trading terminal, using the “Market Watch” window, select the XRPUSD symbol; if such a currency pair is not in the list of symbols, add it - hover over the Market Watch window, press the right key, select symbols, select XRPUSD.
After this, we add a chart window, where we will see the movement of the exchange rate of the XRPUSD currency pair - hover the cursor over the desired currency pair, right-click and select “Chart Window”.
On the chart, select an hourly time frame and adjust the scale so that a period of one week falls into our field of view.
Add the Stochastic indicator and trade using its indicators, read more about trading with Stochastic here - http://time-forex.com/strategy/strategiy-stohastik
This is one of the simplest strategies for a novice trader and is perfect for Ripple. Buy trades are opened when the indicator leaves the lower zone, sell trades are opened when the indicator lines leave the upper zone.
As an alternative to this strategy, you can use pending orders, for example, at the moment the price of Ripple is 48 cents, we place a pending buy order, which will be triggered after the price reaches 50 cents and closes with a profit at 52 cents.
Thus, we will plan to receive 4% profit, and using leverage we will be able to increase this percentage several times.
If you have any questions, you will find answers to them in the section - http://time-forex.com/kriptovaluty