General Trading Strategies For XcelToken!


XcelToken Plus is an ERC20 token on the Ethereum Blockchain Platform that is fashioned to build, involve and foster a large crypto-community within the hospitality, retail and gaming sectors. XcelLab is delighted to announce that XcelToken Plus will now be available for trading on 14 Exchange Platforms.


One of the best ways to method the trading world is with an open mind, just like anything new that you want to learn. Get your loofa ready and absorb the following general trading strategies listed below:

Long/Short – These are basic verbiages that are being used in the trading world. When a trader is in a “Long” trade this means that they have bought something and are eager that the price will go up to make a profit. On the other hand, when a trader is doing “Short” trades this means that the trader sells what they have in hand.

Pairs Trade – Taking the idea of long/short trading and making a profit on whether the price goes up or down. This obvious strategy was not realized until the 80’s by people that love numbers.

Swing Trading Strategy – Swing trading is somewhere in the middle of Day Trading and Trend Trading. This is because Day Trading is holding an asset from a couple of seconds to a few hours but never more than a day. Trend Trading, on the other hand, is when the trader looks for a longer timetable and keeps the asset amid weeks to months. Swing day traders hold an asset for a pair of days up to a few weeks.

Scalping – A trading style (not selling tickets for a higher price) that is the most active one to date. This is because a trader that follows scalping takes advantage of smaller gains but on a larger scale. Multiple entries and exits will pile up and make a hefty sum.

Day Trading – As stated earlier day trading is the buying/selling of assets within the same day.

Trading on the News – Transaction on the news simply or generally means trading in times where something “happens” like a terrorist attack or normal tragedy that forces the asset to plummet.

Use these general trading strategies on any of the 14 platforms that XcelToken Plus is listed on and make the most of your tokens.

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