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      "author": "tradesanta",
      "body": "It was great to read! Kindly take a look at this article, which be helpful for beginners — https://tradesanta.com/blog/risks-of-automated-trading-and-how-to-manage-them",
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      "author": "tradesanta",
      "body": "It was a great read! We noticed that there is no information about TradeSanta and thought it might be a great reference to give your audience a little more context/detail on the topic — https://tradesanta.com/blog/",
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      "author": "tradesanta",
      "body": "Here you can find opinions of experienced traders and answers to all questions about crypto trading, trading signals, market analysis and forecasts — https://tradesanta.com/blog/",
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      "author": "tradesanta",
      "body": "in the context of automated trading, I prefer TradeSanta, which is a clean and modern-looking service, easy to use, user friendly, and actually works well, even made small profits already. 10/10.\nhttps://tradesanta.com/blog/",
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      "body": "Hi! It was great to read! I noticed that there is no information about TradeSanta — https://tradesanta.com/en. \nI think it might be a great reference to give your audience a little more context/detail on the topic.",
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      "memo": "CONGRATS! You have a 1:1 BLURT AIRDROP of 1.240 BLURT and 0.000000 BLURT POWER waiting for you. Check out https://blurtwallet.com/@tradesanta and https://blurt.blog/ TODAY!",
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      "body": "Hi! How are you? I highly recommend checking out this guide - https://tradesanta.com/blog/crypto-investing-for-dummies",
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      "author": "cheetah",
      "body": "Hi! Did you know that steemit.com is now censoring users and posts based on their opinions?\n All the posts of these users are gone!\nhttps://github.com/steemit/condenser/commit/3394af78127bdd8d037c2d49983b7b9491397296 \n\n Here's a list of some banned users:\n```'roelandp', 'blocktrades', 'anyx', 'ausbitbank', 'gtg', 'themarkymark', 'lukestokes.mhth', 'netuoso', 'innerhive'```\nSee anyone you recognize? There could be more, they also have a remote IP ban list.\n\nWill you be censored next?",
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      "body": "![stopl-loss.png](https://cdn.steemitimages.com/DQmVNSRs58rrRgAd69sq61dxEDYYmDtoc3AYcxJgRdm9wBU/stopl-loss.png)\n\nTrailing *stop-loss* is a risk-management tool that helps you exit the market when you stop making a profit. \n\nWhen setting up this trading feature, you make sure that you will not have to manually exit positions every time the trend turns against you. This type of order is designed to automatically protect your gains while the trade is still open and continues to generate profits.\n\n### How trailing stop-loss works\n\nLet’s take a look at how this works in practise, say, when you go [long](https://tradesanta.com/blog/long-strategy.) \n\nYou know that with this strategy, to reap the reward, you need to sell your assets before their price starts to fall. If you add a 10% trailing stop-loss to a long position, the sell order will get executed when the price falls 10% from its latest peak. But as long as the market goes up, you will not exit it.\n\nCompared to a trailing stop-loss, a regular stop-loss gets triggered only when the price falls by 10% of the initial purchase price no matter how many peaks gave you a chance to earn on them and exit on time.\n\n\n![trailing stop-loss_chart.png](https://cdn.steemitimages.com/DQmNUyZPTjxABNm1dwsUQJcQof5SfT8hx9xo2wdj8Wz2TdD/trailing%20stop-loss_chart.png)\n\nThat is, a trailing stop-loss lets you exit the market with profits, while a regular stop-loss makes you close the position with least losses. \n\n### To sum up\n\nBeing a great risk-management tool, a trailing stop-loss, however, is risky in volatile markets. \n\nStrong coins regularly demonstrate abrupt falls, and a low trailing distance might trigger a liquidation of the asset before its price reaches higher levels.\n\nBefore setting up a trailing distance for each order, you should analyze the volatility and market trends for each asset separately.",
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      "author": "tradesanta",
      "body": "![different_trading_styles.png](https://cdn.steemitimages.com/DQmP1BZhz8mcTc7oLsTJxbok38iyumZ7MZSPwZmgMedqw6i/different_trading_styles.png)\n\nAs you know, it takes a lot of time to constantly monitor changes in the market, that’s why some traders use crypto bots that help them cope with such tasks as placing orders, exiting markets and listening to technical analysis indicators. However, even while using crypto bots, you make a lot of decisions on your own, and one of those decisions is your choice of trading style. \n\nIt’s necessary to learn more about these styles in case you want to turn trading into a smooth part of your daily routine and... quite frankly, personality.\n\n#### Day trading\n\nIf you’re here because of crypto, you should be wondering, does this trading style even make sense because crypto markets operate 24/7? What does it mean to day trade cryptocurrencies?\n\nWell, you’re right, this term originates from traditional exchanges where operating hours equal to business hours.\n\nBut in crypto, we also have day trading due to the same approach. In short, with day trading, you take action during a one day and this one day only. The objective here is to find the most profitable buying or selling opportunities and close no more than one or two deals.\n\nWhile day trading, you need to be patient and keep your emotions under control since the market might move hectically with and against the position multiple times per day, and that is scary to observe. \n\nThat’s why algorithms, or bots, are particularly good with this trading style. They “observe” market fluctuations in cold blood and choose their modus operandi based on indicators not emotions.\n\n#### Scalping\n\nThis strategy is probably one of the most suitable for crypto markets with their volatility levels. \n\nThe main goal behind it is to make a profit at the expense of the slightest price fluctuations, that’s why as a scalper you have to close as many deals as possible. The more deals you close, the more profits you make.\n\nScalpers might want to utilize trading bots as well. Technical indicators help them find the best access points, and take-profit levels can be set to a minimum amount so that the bot closes the deal quickly.\n\nHowever, scalpers need to make sure that their bot supports stop-loss since the strategy implies that the position will be exited within short timeframes.\n\n#### Swing trading\n\nSwing trading is an approach commonly used by novice crypto traders. While using this style, you trade on a higher time frame holding positions for as little as overnight and for as long as several weeks, but usually for between 1 and 7 days. \n\nSwing traders are trying to trade the swing of a chart, hoping to catch a big move. They normally perform technical and fundamental analysis to predict the future behavior of a cryptocurrency’s price. Here, as with day trading, you should have patience to wait for the right moment.\n\nSwing trading can also use trading bots to determine the optimal entry points based on technical indicators. Of course, they will monitor the market around the clock and execute more trades than can be done manually.\n\n#### Position trading\n\nThis strategy is the longest time-frame trading strategy of all the others. Often, positions can be open for several months, according to market trends. Crypto investors use fundamental analysis and long-term charts to understand how the price of a cryptocurrency will change. The position trader is the most patient of all other traders because he does not get depressed with every price fluctuation.\n\nPosition traders may benefit from averaging the cost per dollar. You may take advantage of the price fluctuations and increase the position when the price is going in the opposite direction. Thus, the profit price you’d like to take will decrease and the take-profit percentage will stay the same. You’ll exit the position earlier since the price doesn’t have to reach the initial take profit price.  A trading bot will help you manage the risks and allow you to have a planned entry and exit from the market.\n\n#### To sum up\n\nWe have reviewed different trading styles. Now, to determine the appropriate strategy for you, pay attention to your skills, experience and risk tolerance. Once you have decided on the style, you can use the services of TradeSanta and set up automated trading bots in accordance with your strategy.",
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      "body": "@@ -1,12 +1,149 @@\n+!%5Bhow_to_trade_on_HitBTC.png%5D(https://cdn.steemitimages.com/DQmZrJTbD7Zow8K4wLMEccTH4yaZW9MhTJBk5k8d3Djq8zu/how_to_trade_on_HitBTC.png)%0A%0A\n HitBTC was f\n",
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      "body": "HitBTC was founded in 2013 and is one of the oldest and most proven platforms in the niche.\n\nIf we go to the exchange’s website, we can find several *interesting features* on top of it.\n\n<li>HitBTC Overview</li>\n<li>A discount system that creates high liquidity</li>\n<li>State-of-the-art matching engine</li> \n<li>More than 500 markets</li>\n<li>The most advanced API</li>\n\n#### HitBTC Review\n\nAs of writing, HitBTC is a  top cryptocurrency exchange by the number of markets (790) and the 22nd by adjusted volume. There are 7 available currencies on this platform, such as  BTC, ETH, USDT, DAI, TUSD, EURS and EOS. The advantage of HitBTC is a simple sign-up process, all you need is an email address. To ensure security, you can enable a whitelist of addresses for withdrawal or use two-factor authentication. \n\n#### HitBTC trading fees\n\nWhen talking about trading fees on this platform, you need to keep in mind *trading fee tiers* and a *\"maker-taker\" model*.\n\nThe first is a system where users can get rewards for high volumes while trading. [Here](https://hitbtc.com/fee-tier) you can find the full list of them. \n\nThe second is necessary to increase liquidity on the exchange. The taker is the one who places an order that is the same one that is in the book. And the [market maker](https://tradesanta.com/blog/market-maker-bots-in-crypto) places the orders with prices that are different from the current market price. \n\nIf you have just started trading on HitBTC, the trading fees will be 0.1% for makers and 0.2% for takers.\n\n#### Deposit and withdrawal fees\n\nFortunately, HitBTC allows you to make deposits in any cryptocurrency except for fiat currencies. \n\nThe platform has a commission for a Bitcoin deposit of 0.0006. However, unlike most of the exchanges, withdrawal fees are not based on the volume and adjust automatically with the market.\n\nThat is, if you’d like to try using HitBTC, in order to avoid doing routine work and save a lot of time, you can try TradeSanta bots on top of this platform, choosing the settings according to your strategy.",
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      "author": "tradesanta",
      "body": "![Day Trading.png](https://cdn.steemitimages.com/DQmUdfsYbwkbeE8Bx232iSSE7sTgyJX8NZH3N1KCGgTvose/Day%20Trading.png)\n\n\nIf you’re familiar with traditional trading, the term “day trading” is also something you’re aware of. There is a chance that you’ve even heard some legends about earning pots of gold while day trading cryptocurrencies in 2017. But are those legends built on shaky foundations or not?\n\nLet’s see. \n\n#### One term for non-identical things\n\nIn the conventional markets the term “day trading” makes sense since there are “opens” and “closes” to each trading day, and some traders focus on the daily time-horizon. Yet, in the crypto market operating 24/7, day trading means two slightly different things. \n\nFirst, it might refer to the continual activity of making profits on a regular basis and, secondly, a process that is distinct from long-term trades. \n\n#### Similarities and differences\n\nWhile talking about traditional trading, we often use such a metric as fundamental analysis whereas in crypto, this is not always applicable. As Peter Kotov, analyst and trader at Gulf Coast Crypto, explained to TradeSanta, it’s more difficult to forecast supply and demand of any particular cryptocurrency as the fundamentals are not as clear as they are with traditional markets.\n\nBut both in crypto and traditional markets, day trading heavily relies on volatility that allows market players to get a net profit in a short period of time.\n\n#### Day trading is NOT the same as scalping\n\n\nPeople are tempted to mistake scalping for day trading because with both styles, trades take place within one day.\n\nScalping is the style when you open and close multiple positions over a very short period of time. Scalpers profit from the slightest price change and must be able to keep their emotions under control due to the complexity of this trading style.\n\nThis strategy gives access to a large number of small trading opportunities, and they’re less exposed to risk since the value of each trade is really small.\n\nThis approach contrasts with the one of day traders’ who open one or two positions a day and bet on larger amounts of money.\n\n#### Day trading is NOT the same as swing trading\n\nThe swing trading is a trading style that is based on trades made within a couple of days or weeks. Since their positions are opened longer than those of day traders or scalpers, they often go with both fundamental and technical analysis. \n\nTraders periodically enter and exit the market based on their capabilities and market opportunities. \n\nSwing traders, compared to day traders, almost always clearly adhere to their trading plan to close positions, that is why, this trading style is a good fit for automation.\n\n#### The risks of day trading with crypto\n\nAll trading is risky, day trading including, so take some steps to prevent possible losses.\n\nWhen investing in cryptocurrency, everyone should be aware that the risk of hacking the exchange is very high, so try and choose the most reputable trading venue in the niche with the least number of hacks. \n\nResearch the team behind the project you’re about to invest into and use as many technical analysis tools as possible.\n\nThere are certain economic indicators out there to help you with the process. Those indicators are just harder to spot, but you can consider a leading indicator, for instance, an inverted yield curve, as opposed to a lagging indicator like MACD.\n\nIf you want to see more information about different trading styles, check out [TradeSanta’s Blog](https://tradesanta.com/en)",
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      "body": "![stop-loss.jpeg](https://cdn.steemitimages.com/DQmVSNJPVUBni7FaTzG64SnecZYjZmzMnrsLCXTwDmxC7rc/stop-loss.jpeg)\n\nAs you know, various scenarios might unfold in the crypto market, so it is sometimes difficult to avoid losses. Yet, the stop-loss feature can at least reduce the amount of your loss.\n\n#### So, what is “stop-loss”? \n\n*Stop-loss* is a trading tool that was developed to limit the maximum loss of a trade by automatically liquidating assets as soon as the market price reaches a set value. \n\nSeveral types of stop-loss orders can be used in different scenarios depending on the situation in the crypto market.\n\nWhen is stop-loss used?\n\nBy contrast to a limit order that profits from current trends, a stop-loss order is used to limit potential losses to no more than a trader can take on.\n\nTo effectively use a stop-loss, the trader still needs to predict how the market will behave and adjust stop-loss according to these forecasts. As soon as the trader knows how the market will behave, they must choose a value and a type of stop-loss order that they want to use. \n\n##### Stop-loss types\n*Full*\n\nWhen triggered, a full-stop loss liquidates all the position. It is very helpful when the market is expected to be stable but, then, suddenly, prices shift.\n\n*Partial*\n\nWhen triggered, this kind of stop-loss eliminates a specified proportion of the digital assets. This is useful when the market is highly volatile. And in this case, stop-loss ensures that the trader still has some assets left on their account. \n\n*Trailing stop-loss*\n\nHere, the trader configures the trailing distance, which is the difference between the current asset price and the stop-loss value. If the value of the cryptocurrency increases, then the trailing stop-loss value will also grow with it. If the price falls, the trailing stop-loss order will not act on it until the set minimum value is reached.\n\n##### Risks\n\nIf the market is volatile, the trader may lose out on a price surge beyond the stop-loss value. \n\nThere is also a risk of loss if the stop-loss value is too low, so the price drop does not reach it, and then goes back to a steady trend after the fall. \n\nTrailing stop-loss is a potential liability in the strong uptrends. A partial stop-loss is less useful in a stable market than when trading with very volatile new coins.\n\nTo conclude, almost all risks arise from a wrong choice of the type and the value of the stop-loss order, so try and conduct correct market analysis.\n\n##### Newbie tactic?\n\nWhen professionals use stop-losses, it turns into a priceless tool that saves both time and money. Using it without understanding the purpose of it might cause damage. However, novice traders can benefit as much from this while adhering to the strategies that they understand well and managing their assets intelligently.",
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      "author": "xx0xx",
      "body": "https://i.imgur.com/CBqCEo5.png<br><br>HIVE (THE NON-COMMUNIST, NON-CENSORED, JUSTIN SUN EXCLUDING SOCIAL BLOCKCHAIN) IS ALIVE, COME JOIN US!!!<br><br>https://peakd.com <--- Log in with your Steem account today!!",
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      "author": "tradesanta",
      "body": "![How to trade XRP.png](https://cdn.steemitimages.com/DQmdCKTKHYY7GivDqUjJBWBjWNt84TXcmavepQga6MDpRfE/How%20to%20trade%20XRP.png)\n\nToday, in this article, we will talk about the changes in the price of XRP  that have been occurring for years. Moreover, we will try to find the pros and cons of buying and selling XRP as well as discuss trading platforms for this asset. \n\nSo, let’s start.\n\n### Overview\n\nRipple is a payment system that is based on a private, centralized and authorized blockchain with its Ripple token. \n\nBeing one of the oldest payment crypto networks, it was created in 2004 when a programmer Ryan Fugger decided to develop a decentralized system that would enable individuals and communities to have their own money. However, in 2012 Ryan Fugger passed the reins to Jeddah McCaleb, who later left Ripple and a year later established Stellar (XLM).\n\nIn 2012 the Ripple distributed ledger was released and showed a record low of $0.002802 USD in July 2014. The record-high price was observed in January. 4, 2018, when the price of assets rose to $ 3.84.\n\nThese days, Ripple belongs to the Ripple Labs company. In March 2018 a Ripple-powered mobile app was established by Japanese Bank Consortium.\n\nLater, a mobile app built on the Ripple distributed ledger was launched by Banking Group Santander to enable the customers transfer money abroad. \n\nNow, Ripple is very tempting to investors because of such structures as Interbank, MoneyGram, American Express that participate in the network. So, at the moment it is in the list of top three projects with the highest trading volume on the crypto market.\n\n### Pros and cons of trading Ripple (XRP)\n#### Pros\n\n*Volatility* \n\nAccording to the company’s financial report, XRP’s volatility over the Q3 2019 was 3.6%. This indicator is lower than that of other top digital assets, as BTC’s volatility of daily returns through Q3 was 3.9% and ETH’s was 4.3%.\n\n*Listed on 140 cryptocurrency exchanges*\n\nCurrently, the coin is listed on many trading platforms; for instance, it tops CEX.io, which is a platform that enables investors to purchase cryptocurrency directly.\n\nThis implies that the barrier to entry is reduced.\n\n#### Cons\n\n*The company has control over the financial condition of XRP*\n\nThis is the quote from the report cited above.  “In fact, in the middle of the third quarter, we decided to completely suspend software sales and focus our OTC sales on several strategic partners that create XRP utility and liquidity in regions that are strategically important to our growing global business, including EMEA and Asia.”\n \nThe overall XRP sales in the third quarter of 2019 were $66.24 million compared to $251.51 million in the previous quarter.\n\n*XRP’s legal status*\n\nMany cryptocurrencies claim that their asset is not a security, so Ripple is also making efforts to throw this case out of the US district court. In September 2019, Bradley Comstock was elected lead plaintiff to prove that the company purchased a supposedly unregistered security to retail investors.\n\nIf the court determines that the asset is a security, then all other ranges of market regulation can be applied to the assets of traders.\n\n#### Ripple (XRP) trading platforms\n\nIf you want to trade Ripple (XRP), then, first, you need to choose the exchange presented on the company's website and purchase the asset either for another cryptocurrency or for fiat money.\nYou can trade Ripple (XRP) on UPbit, Huobi, Bittrix and other popular crypto platforms, where you will need to create an account, pass verification and deposit your funds.\n\n#### Ripple (XRP) margin trading\n\nIn general, there is a whole range of options to trade XRP on margin. You can trade XRP with leverage on top of Binance, Kraken, Delta, Polonius, and BitMEX.\n\nMargin pairs on Binance are XRP/BTC, XRP/USDT, ARP/ETH, and your leverage depends on your balance as well as your level, which is automatically determined by the exchange. \n\nWith Kraken, these pairs are XRP/BTC, XRP/USD, XRP/EURO, and you can leverage up to 5X. \n\nBesides, you can visit Huobi Global and trade XRP for US dollars with the 5x leverage.  \n\nIn short, the leverage may differ with each new exchange.\n\n#### To sum up\nOver the years, the price of the XRP token has shifted significantly from an all-time low of $0.002802 USD to a high of $3.84 USD. The asset has advantages such as low volatility and the ability to trade it on various exchanges, which decreases the entry barrier for traders.\n\nHowever, Ripple Labs monitors the coin and can influence its price. Also, it is unclear how to register an asset on your tax form due to some regulatory issues.\n\nBeing one of the most famous cryptocurrencies on the market, Ripple (XRP) is available for trading on top of the most famous platforms such as Bittrex, Huobi and many others.\n\nA suitable margin trading feature for professional traders can also be used with Ripple (XRP). If you are serious about this, go with Binance, Kraken or BitMEX.",
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      "body": "![short strategy.png](https://cdn.steemitimages.com/DQmQGCD4VM8braYVqWAQ5QL6mpk66zAWhBvoWsdpUtYoeQn/short%20strategy.png)\n\n“Going short” is a technique used when an investor sells an asset in an anticipation to buy it later. Thus, as any other profit in crypto, the profit from going short benefits from a price decrease, normally, after a long bull run. \n\n#### Ways to go short\n###### Margin trading\n\nThis involves the trader borrowing an asset in anticipation of a price drop, selling it at a higher price, and then buying back once the price has decreased. To borrow an asset, traders can use a crypto exchange that connects them with a lender or directly borrow assets, usually with interest rates. Thus, the trader is limited only by the borrowing limits set by a specific exchange. \n\nThis is the most famous shorting method due to the ability to trade with more assets than you have. However, it has its shortcomings such as commissions and interest rates that reduce the trader’s profit. \n\n###### Futures\n\nFutures are considered to be contracts that require a trader to purchase an asset at a particular price on a particular day. But in crypto, the sale of futures doesn’t involve direct ownership of the coin. \n\nShorting crypto futures (or, selling them) means to bet on a price decrease on a predetermined date, at a pre-established price, and requires a contract between two parties.\n\nSome futures exchanges enable you to directly deal with the amount of profit or loss prices in fiat money. This is a method that is still gaining popularity, but it is not as advanced as others. \n\n###### Contract for Difference (CFD)\n\n[CFDs](https://tradesanta.com/blog/what-are-cfds) are derivatives that enable investors to speculate on the value of underlying assets without having to own that asset. Due to the volatility in crypto markets, CFDs are considered to be the best and least risky way to trade digital assets. CFDs perform closer to fiat money since they are not cryptocurrencies in themselves. This indicates that the trader does not need to bother about the liquidity of an asset (such as Bitcoin) since a CFDs measure price differences of an asset.\n\n###### Direct Short Selling\n\nIn contrast to the methods mentioned above, Direct Short Selling requires ownership and actual sale of the coin. The trader will aim to sell at a high price, purchase at low, and work from there based off of market fluctuations. \n\nThis strategy requires an initial purchase of the asset. It is important that if the transaction does not work, it will result in the loss of the actual asset. \n\nThe process of direct shorting is a little easier in [automated trading](https://tradesanta.com/en) because it enables you to deal with higher values, but this still amounts to slower profits and a considerable risk factor. \n\nIn addition to the fall in the price of the coin, it must also subsequently rebound, otherwise, the trader is left with a low-price asset, and the short-circuit profit is cancelled out by the loss of the asset's value.\n\n#### Risks and benefits of going short\n\nIf a trader decides to bet against an asset, it can bring him a good profit, especially if he expects the price to fall at the end of a long uptrend. If we analyze charts and predict that the price will still fall, that will bring more opportunities for short investments.\n\nHowever, being on the losing side of shorting, except it is done directly, hasn’t got any limitations on the potential loss to which a person is exposed. As the price of the borrowed asset may rise, and the trader is restricted by time limits to return the asset, he will probably have to buy the asset at a higher price than forecasted.\n\nDue to the above-mentioned market volatility, it may happen that the final loss will damage the entire portfolio.\n\n#### What to do?\n\nIf a trader still decides to short crypto assets, he has to take several things into account. The most important of them is money management. For instance, if you choose margin trading it is easy to bet with borrowed assets, but you need to consider a possibility of unexpected and potentially large losses. The trader must have installed limits to guarantee that any damage caused by shorting is covered by the entire portfolio.\n\nAnother very important thing is the choice of asset. It may be attractive to work with numerous assets at a time, but the fact that many coins trace each other's behaviour in the cryptocurrency market needs to be taken into account. This makes it potentially unsafe to short various coins that you expect to be in the same trend.\n\nThe last important thing here is that the trader should be careful in following the market. If the traders using the short strategy opt for buying back, the price surge that will follow can land the slower traders in an extremely unfavorable position.",
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      "author": "tradesanta",
      "body": "![How to trade Litecoin (LTC).png](https://cdn.steemitimages.com/DQmURAtnegZfqBeM2tFvNqZTDzukm7b95XBcrLwxDkx4seB/How%20to%20trade%20Litecoin%20(LTC).png)\n\n\nLitecoin (LTC) is a popular cryptocurrency widely used in almost all the crypto exchanges because it is not hard to trade and pretty simple to store.  So, let’s look deeply at this coin and find out why you should invest in it.\n\n#### Origins\n\nLitecoin is considered to be one of the veteran cryptocurrencies that originates from Bitcoin which Charlie Lee, a developer with MIT experience, has forked to create a lighter version of Bitcoin.\n\nNowadays, Litecoin is not only an independent cryptocurrency but also one of the most progressive projects in the niche with the Lightning Network and SegWit implemented. Unlike Bitcoin, block generation on the Litecoin blockchain takes 2.5 mins. It is four times faster than Bitcoin’s. A total of 84 million LTC can be minted on top of Litecoin, which is four times more than Bitcoin’s. The next halving event will happen around 2023 once a new portion of 840,000 blocks is mined. As for Bitcoin, the highly-anticipated halving will take place this year. In short, Litecoin removes some Bitcoin’s drawbacks. \n\n#### Litecoin overview of highs and lows over the years\n\nWhen Litecoin was introduced, its value was about $0.10. In November 2013, the price soared to $48 and remained stable until mid-2014. The reason for this was the rising popularity of Bitcoin. In 2017 when all cryptocurrencies began to grow rapidly in price and popularity, the value of Litecoin reached the maximum of $360. Since that time, the market has been watching a constant drop. \n\n#### Pros and cons of trading Litecoin (LTC)\n\n*Pros*\n\n-Charlie Lee sold all his Litecoins to eliminate any conflict of interest.\n-LTC is a simple asset to store in bulk</li> \n-LTC is a mature coin that will hardly disappear from the market\n\n*Cons*\n\n-Volatility can be a major drawback of investing in Litecoin, if there is no guarantee of future fluctuations.\n\n#### Litecoin (LTC) exchanges\n###### Binance \nBinance is a famous exchange with more than 430 pairs traded on top of it. It also has an app where you can do all the same as on the site. \n###### Coinbase\nThe most popular exchange for traders with two main ventures: a professional trading platform and a user-facing retail broker. It also has a mobile app. \n\nDue to the fact that Litecoin is still very famous, it is not a surprise that you can trade it not only on an exchange but from your smartphone as well. \n\n#### Conclusion \n\nTo sum up, Litecoin is a good choice to invest in an asset. The major disadvantage is volatility like with other cryptocurrencies. But nothing ventured, nothing gained. Just give Litecoin a try! \n\nIf you are interested in more articles like that, check out [TradeSanta’s Blog.](https://tradesanta.com/blog/)",
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      "body": "![choosing_crypto.png](https://cdn.steemitimages.com/DQmfULjm386pKkrY2ZGHqSRAtz7VDmWT7pHWh1j4F6C1oFj/choosing_crypto.png)\nThe first question that comes to your mind when you start trading is what cryptocurrency to trade. So, how can you choose a pair without making any mistakes? In this article, we'll look into this in detail.\n\n#### What is a crypto pair?\n\nFirst of all, let’s see what a crypto pair is. Each pair is made of 2 currencies, for instance, ETHBTC, where ETH is called the base currency and BTC is the quote currency. \n\nThe quote currency, BTC, is what you're ready to sell to obtain the base currency, ETH. \n\nSo what pair should you trade?\n\n#### Perform technical analysis\n\nTechnical analysis is another thing that helps you define which crypto to trade. There are lots of technical indicators you can learn about.\n\nThese are some of them: Relative Strength Index (RSI), Parabolic Stop and Reverse (SAR) and Average Directional Index (ADX) and many more.\n\n#### Define the trends\n\nBefore going for your first trade, do what professional traders do: try to identify the trends that move the market.\n\nWhich cryptocurrencies are going up and which are plummeting? If the coin’s price is increasing at the moment, will it continue to do so or it will drop right after? \n\nFor that, you will need to learn reading [trend indicators](https://tradesanta.com/blog/trend-indicators-and-how-to-use-them), such as SMA or MACD. \n\n#### Check the trading volume\n\nTo choose the right coin, you can also look at the volume of a cryptocurrency traded. If the volume of the chosen coin is low, you will have to wait for long to complete your orders. \n\nHence, it is better to select pairs with adequate trading volumes. You can apply volume indicators to determine how the volume varies along with the price over time.\n\n#### Check the volatility\n\nIt is very important to monitor volatility as the spikes in prices give you more opportunities to make a profit. However, do not forget that high volatility can also indicate high risks. \n\nThe most popular volatility indicator is considered to be Bollinger Bands. It is made up of a moving average and two lines up and down that form the band. The volatility is low when the band is narrow, and it is high when the band is wide. \n\n#### Read the cryptocurrency news\n\nEvery day something happens and this has got a great impact on assets' prices.  Follow the news about regulatory decisions or actions related to the legal status of cryptocurrencies, track forks, announcements from issuers of coins and news from the largest crypto holders (also known as whales).\n\nThis news really affects the crypto market, so reading it can help you understand when the value of a particular cryptocurrency will increase or vice versa.\n\n\n#### To sum up\n\nHopefully, now you know how to choose a cryptocurrency pair to trade. Perform the so-called technical analysis on the coin. Define the trends, make sure the trading volume is big enough, check the volatility levels and don't forget to read the news!\n\nIf you are interested in more articles like that, check out [TradeSanta’s Blog.](https://tradesanta.com/blog/)",
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  "block": 42098421,
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      "author": "tradesanta",
      "body": "![choosing_crypto.png](https://cdn.steemitimages.com/DQmfULjm386pKkrY2ZGHqSRAtz7VDmWT7pHWh1j4F6C1oFj/choosing_crypto.png)\nThe first question that comes to your mind when you start trading is what cryptocurrency to trade. So, how can you choose a pair without making any mistakes? In this article, we'll look into this in detail.\n\n#### What is a crypto pair?\n\nFirst of all, let’s see what a crypto pair is. Each pair is made of 2 currencies, for instance, ETHBTC, where ETH is called the base currency and BTC is the quote currency. \n\nThe quote currency, BTC, is what you're ready to sell to obtain the base currency, ETH. \n\nSo what pair should you trade?\n\n#### Perform technical analysis\n\nTechnical analysis is another thing that helps you define which crypto to trade. There are lots of technical indicators you can learn about.\n\nThese are some of them: Relative Strength Index (RSI), Parabolic Stop and Reverse (SAR) and Average Directional Index (ADX) and many more.\n\n#### Define the trends\n\nBefore going for your first trade, do what professional traders do: try to identify the trends that move the market.\n\nWhich cryptocurrencies are going up and which are plummeting? If the coin’s price is increasing at the moment, will it continue to do so or it will drop right after? \n\nFor that, you will need to learn reading [trend indicators](https://tradesanta.com/blog/trend-indicators-and-how-to-use-them), such as SMA or MACD. \n\n#### Check the trading volume\n\nTo choose the right coin, you can also look at the volume of a cryptocurrency traded. If the volume of the chosen coin is low, you will have to wait for long to complete your orders. \n\nHence, it is better to select pairs with adequate trading volumes. You can apply volume indicators to determine how the volume varies along with the price over time.\n\n#### Check the volatility\n\nIt is very important to monitor volatility as the spikes in prices give you more opportunities to make a profit. However, do not forget that high volatility can also indicate high risks. \n\nThe most popular volatility indicator is considered to be Bollinger Bands. It is made up of a moving average and two lines up and down that form the band. The volatility is low when the band is narrow, and it is high when the band is wide. \n\n#### Read the cryptocurrency news\n\nEvery day something happens and this has got a great impact on assets' prices.  Follow the news about regulatory decisions or actions related to the legal status of cryptocurrencies, track forks, announcements from issuers of coins and news from the largest crypto holders (also known as whales).\n\nThis news really affects the crypto market, so reading it can help you understand when the value of a particular cryptocurrency will increase or vice versa.\n\n\n#### To sum up\n\nHopefully, now you know how to choose a cryptocurrency pair to trade. Perform the so-called technical analysis on the coin. Define the trends, make sure the trading volume is big enough, check the volatility levels and don't forget to read the news!\n\nIf you are interested in more articles like that, check out [TradeSanta’s Blog.](https://tradesanta.com/blog/)",
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      "author": "tradesanta",
      "body": "@@ -260,16 +260,17 @@\n es?%0A%0A###\n+#\n  Study t\n",
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      "author": "tradesanta",
      "body": "@@ -1,12 +1,87 @@\n+https://tradesanta.com/blog/wp-content/uploads/2019/10/Common-Mistakes.png%0A\n There are ma\n",
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      "body": "There are many [rules](https://tradesanta.com/blog/7-crypto-trading-rules-for-beginners) for beginners who start trading crypto, but they still make mistakes. So, what are these mistakes?\n\n### Study the internal nature of the project\n\nIf interested in the product's investment potential, don't forget to gather information about its tech characteristics. Try to find out why this coin is so valuable and how it differs to other projects. Remember, there are lots of them out there, so don’t focus only on one. Start learning about coins in general because they are very different, and each of them might incorporate specific characteristics.\n\nTry to investigate if the  the project you are going to invest in actually has got a long-term impact. Probably, it has got more of a short-term potential. You should know how to draw the line between those.\n\n#### Running on indicators you don’t understand\n\nThere is a common problem beginners face while learning about trading cryptocurrencies. They don’t know what some [indicators](https://tradesanta.com/blog/trend-indicators-and-how-to-use-them) signify and, thus, make mistakes relying on what their gut tells them. But they will start cutting the costs if they create a trading plan adapted to numerous indicators they learn to interpret correctly.\n\n#### Getting profit from each transaction\n\nNovice traders remember how in 2017 people suddenly became rich and they are waiting for the same opportunity to arise these days. Of course, we can hope for something like this, but no one can guarantee that it will happen. That is why you perhaps should try to apply long and short strategies instead of tracking fast wins. You don’t have to win all the time with the [ratio](https://tradesanta.com/blog/cutting-losses-in-crypto-trading) put in place. \n\n#### Essential takeaways\n\nCrypto trading generously grants you opportunities to make manifold mistakes. A small piece of advice: don’t forget about less obvious but crucial lessons. Implement technical analysis with cryptocurrencies, learn new trading indicators and be patient while waiting for a chance to take profit. \n\nInterested? Read more in [TradeSanta’s blog](https://tradesanta.com/blog/).",
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      "body": "![Mirror Trading.png](https://cdn.steemitimages.com/DQmT4fmoEBb1QG4aL8MCiWS3nuQmMbMWym7xwuGnaSPpA6u/Mirror%20Trading.png)\n\nAs you can judge by the name of this trading type, **mirror trading** is a strategy you borrow from another trader, thus, *“mirror”* them.\n\nJust like other methods and strategies, the crypto niche has adopted mirror trading from the traditional markets. You should keep in mind, however, that some aspects make this strategy work somewhat differently in crypto than in the long-established equity markets. \n\n#### Cons of mirror trading with crypto\n\n<li>Because the cryptocurrency market is very volatile, mirror trading strategies you follow might very often become outdated. Compared to crypto, in traditional trading, fluctuations are much less significant normally. </li>\n\n<li>Also, they become ineffective as a large number of people start using them. This means that the strategy gets devalued, which leads to losses on your side. By contrast, modern equity markets are functioning on the premise that multiple algorithms compete with each other. </li>\n<br>\nBasically, mirror trading is very often used by novice traders who are yet striving to develop their strategy. While assessing all the risks and benefits of the strategy suggested by the other person they have a chance to learn safely… and earn!\n\n#### Pros of mirroring experienced crypto traders\n\n<li>After you have chosen the mirror trading strategy, you have to only monitor its effectiveness and decide if it’s profitable. That looks pretty similar to traditional markets.</li>\n\n<li>Also, you don’t have to worry about emotions getting in the way of decision-making, which is also true for trading stocks and fiat currencies. </li>\n\nThat being said, while copying other traders’ strategies, you only have to monitor your profits from time to time and stay calm. Except, sometimes swift changes in the market situation might require your undivided attention.\n\nIn this situation, a trader who mirrors other traders might want to choose a new strategy that fits into the new market conditions and that will bring them profit.\n\n#### To conclude \n\nMirror trading came to the crypto markets from the traditional segment. Since crypto is a bit of a \"different world”, it will work differently in the crypto niche rather than in well-established markets. \n\n**Cons** of mirroring crypto traders include outdated strategies and crowds that can make them obsolete. \n\n**Pros** cover trading devoid of emotion and a lot of spared time. \n\nIf you want to give mirror trading a try, it’s a great chance to learn safely… and earn! On the other hand, you should be always prepared to switch to a new strategy once the market situation changes. \n\nRead more in [TradeSanta’s blog!](https://blog.tradesanta.com/?_ga=2.107089540.704338210.1584349107-1309952255.1584087595)",
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      "body": "**Dollar-cost averaging (DCA)** is an investment strategy that involves investing a fixed amount of money regularly no matter what is occurring in the financial markets.\n\nFurther, you will see how it works. \n\n## How to apply DCA in traditional trading\n\nUsually while implementing DCA, investors *divide the total amount of funds they invest* in the purchase of the target asset, to reduce the impact of volatility on the overall investment.\n\nBut why can't we immediately invest a lump sum of money?\n\nThe thing is that when the share’s value soars, your money will buy fewer shares per dollar invested. When the share price drops, your money will get you more shares.\n\nHave a look at the example.\n\nImagine you invest $1000 in the Tesla stock monthly for four months in a row. In January, the price of the shares plunges to $500 each, therefore you buy two Teslas; in February, March and April the stock costs $250, so you buy four. In total, you acquire 14 stocks at $285 each. Thus, if you had spent all the money in January, you would have bought only 8 shares for $500 each.\n\n## Automation of the DCA strategy with crypto bots\n\nIf you are familiar with TradeSanta bots, you might be aware of short and long bots that use averaging as a mechanism to enhance your profits and minimise your losses. \n\nFor instance, you buy one Bitcoin worth $10K and set the take-profit target at 20% to gain profit from the deal. However, the price is starting to decline to $9K, then $8K and eventually to $6K. \n\nAt this point, you’re probably wandering around your room nervously trying to see whether your order will be ever completed. Alas, the answer is “no” because the value didn’t reach $12K.\n\nNevertheless, with the DCA bot, you will still get a profit. You just use three extra orders to average the take-profit target and then distribute the investment over a longer period. Thus, when the price sinks to $9K, the bot will place the buy order. After adding two prices, $10K and $9K, we’ll invest $19K, meaning our 20% take-profit target will make $3800. Once the first extra order is executed, the trading bot will try to sell two of your Bitcoins for $11400 each. In other words, ($19K + $3800) divided by two will make $11400. \n\nBut what should you do if no one wants to buy the coins because their price continues to fall below $8K?\nWhen the coin’s value hits $8K, you buy one more BTC and have $27K spent in total. Again, your 20% take-profit target will be recalculated, reaching $5400. So the DCA bot will attempt to sell three of your coins for $10800 each. ( $27K + $5400) divided by 3 will return $10800.\n\nThis example clearly illustrates the benefits of dollar-cost averaging, especially during periods of volatile share prices. Instead of buying three Bitcoins for $10K each, you have bought three for the average price of $9K and made a profit.\n\n## Conclusion\n\nIn the long run, DCA is a highly strategic way to invest that is also used to automate your trading processes. However, do not forget that crypto bots can only implement your knowledge and experience. Unfortunately, they cannot bring your revenues without your effort and understanding of your trading strategy. To set up a DCA bot login to your TradeSanta dashboard.",
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