Trading Tutorial ETHTRADE

Trading Strategies
If you are planning to conduct short-term trade with a view to earnings, we suggest to familiarize
yourself with several trading strategies:

1. Short-term trading strategy "Triangle"
   During the analysis of charts, you probably were noticing that from time to time price fluctuations are
   within certain boundaries - both upper and lower - between so-called support and resistance levels. Most
   often this can be seen in charts that display short-term price movements.
   These boundaries can form various shapes. But we are interested in a specific one - namely triangle.
   It's quite easily to find it. To do this you need to find on the chart the highest and lowest price levels.
   Then draw a line from the lower level up to the end of the chart. Do the same operation for the top
   price level. Thus, if on a chart was found desired shape, lines should be narrowed when moving to its
   right side and form something similar to triangle.
   Once you see that the next swing goes beyond it - it's time to open a position. If the price is knocked up

• it's time to open a Long position.
  If the price moves in the opposite direction and breaks the bottom border down, it's time to open a
  Short position, i.e., to sell asset and buy it again at a lower price.

1. Deposit management strategy
   This strategy is more suitable for beginners who have recently engaged in cryptocurrency trading.
   First, determine what amount of capital in your trading account you will use to trade, and never depart
   from it.
   This strategy is not suitable for those who would like to quickly get a lot of money. But it will let you
   gradually increase income.
   To do this, you have to decide what is the maximum percentage of your trading account will be used in
   everyday trade. For example, if your account balance is $2,000 and you decided that you will not invest
   more than 5% then the maximum amount on any position you open shall not exceed $100.
   Using this strategy ensures that you won't lose a lot of money when conducting any trades and
   sufficient funds will still be in your account to continue trading and compensate for loss when dealing
   with erroneous transactions.
   Despite the fact that you can hardly get more profit from one trade, the month after month your
   turnover will certainly grow.
   3
2. News monitoring strategy
   This strategy is most applicable to crypto market.
   It is necessary to subscribe to all information sources, which post news about cryptocurrency you
   interested in.
   Very often cryptocurrency price begins to rise in minutes after the publication of interesting news.
   In this case you need to quickly orient and place an order.
   It can be regarded as good news:

• Upgrading of wallet version
• Adding cryptocurrency on a new crypto exchange
• Authoritative expert opinion
• Positive article on an authoritative source
• Announcement of changes or improvements of functionality
  It's also necessary to understand that the news can not only be positive - any negative news are usually
  almost immediately pushing the price down.
  Advantage of this strategy is that for its correct use it's necessary to monitor the situation almost 24/7,
  because the crypto market never stops trading in contrast to stock markets.