{GUIDE}{LEGIT} How I made 5.7% Profit in just 20 hours Trading Cryptocurrency!!

How I made 5.7% Profit in just 20 hours Trading Cryptocurrency!!

The method is built on Trading on Exchanges. I used Bitfinex for this trade.

This is a trade so the market may go against you so make sure to do proper Risk Managment

Let's add some proof first

Balance on 00:27 5th May: 21.87$

Balance on 19:29 5th May: 23.12$

Using simple math:
I profit 1.25$ in 20 hours!
Getting this % of my initial capital = 1.25/21.87 *100 = 5.7% !
If u think about it, you are getting about 6% profit in a SINGLE day! Bank gives u 12% per YEAR!

Ok let's get to the Method:
1) Get Account on Bitfinex:
Go to Bitfinex.com & create a new account

2) Understand the game:
Going Long:
you buy a cryptocurrency on low price & sell it on higher price; the difference between them is your profit.
Going Short:
the opposite of going long

Example:
here is the chart of the trade i am talking about;


3) Trading on Bitfinex:
when you login you get this screen. First you need to deposit crypto so click on Deposit button on the upper right corner:

click to large

click on the method you want to deposit in (Bitcoin, LTC, Ethereum, Bank wire).

I chose Bitcoin so it gives me the wallet address i need to send BTC to:

I use the Exchange feature on the website, so I only send to the Exchange one (you can send between them later).

note the number of confirmations needed to confirm your withdrawal for bitcoin (may take 30 minutes)

4) Doing the trade:

After having money in ur account u r ready to trade!

Go to your home page & click on Exchange:

you choose the pair of currencies you want to trade (BTC/USD, LTC/USD, ETH/USD).

Personally I am on Ethereum now but feel free to choose what you want.

5) Trade interface:

I will keep it simple so I will use the Order Type of "Limit" only; which means perform the trade on the price specified or better.

In this example Note the current price in the red rectangle is 9.3177 $

Buying:

I want to place an order to buy when the price drops to 9.2$, so I put 9.2 in the text box & place the amount of Ethereum I want in the middle textbox "Order Size" & Click the green BUY button.

Now when the price drops to 9.2 or less, the trade will be processed.

Selling:

On the other hand if I have some coins & want to sell them when the price reaches 9.4$, I put 9.4 in the right textbox & place the amount of Ethereum I want in the middle textbox "Order Size" & Click the red SELL button.

Now when the price reaches 9.4 or more, the trade will be processed.

It's that simple

I trade with my mobile using android app called TabTrader. 

You need an API key to give it permissions on what to do with ur Bitfinex account.

To get the API Key go to bitfinex.com/api

Click on "Create New Key" then give the permissions you want for the app.

IMPORTANT: if you give Withdraw permission to the API key, anyone with the API Key can withdraw your money bypassing security measures of Bitfinex (2 factor auth).

Then click "Generate API Key" & you will have the API keys.

Now scan them using TabTrader & u r good to go

(Keep them secret as anyone having them can access the permission u gave them)

Hope u earn good Money.

thanks for reading!!




backlink:
http://hotmethod.blogspot.com/2016/05/guidelegit-how-i-made-57-profit-in-just.html


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