XcelToken Plus Trading Strategy Parameters to Keep in Mind


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. This article aims to make the new traders understand the parameters that a simple trading strategy must contain.


The Ticker name of XcelToken Plus is XLAB
A simple trading strategy contains the following’s parameters:
·        Risk: how much loss are you going to grip on the trade.
·        Price: the price at which the trade is going to be implemented.
·        Quantity: the sum of wealth which will be put in the trade.
·        Entry trade: based on the stratagem it will perform a buy or sell action at an already defined price.
·        Exit trade: based on the trade outcome, the strategy decides if it wants to exit that position.
To start building your own strategy it is vital to choose the marketplace you want to trade in. Then, you don’t have to start from zero, you can use a public one based on diverse groupings as trend-following. There are adequate strategies out there. It’s very imperative to enhance the strategy to be reliably profitable on new, unseen data.
XcelToken is adopted into usage on XcelTrip- an online travel reservation platform where you can check-in at over 800,000 hotels and book tickets with over 400 airlines, XcelPay- a merchant POS and digital payment wallet through which you can now recharge your phones with 900 different carrier services and in 160 countries, with cryptocurrency.
Log into one of the 14 Exchanges and start implementing these parameters in your trading strategy with XcelToken Plus (XLAB) now.

Comments

Post a Comment

Popular posts from this blog

Understanding Liquidity

Image
The concept of  liquidity   has many facades to it. One way to define liquidity is “the ability of an asset to be converted into cash readily on demand”. An additional way of viewing at it is when any asset can be bought or sold at its fair price. Liquidity thus means that there aren’t discounts or bonuses devoted to it during buy or sell and it’s easy to enter and exit the asset. It is believed as more of an item is accepted and sold, the chances of charging premiums or giving discounts lower and such an asset usually trades around ‘what it is worth’. The forex market is often defined as a liquid market with an average turnover of more than $5 trillion daily as of April 2016 according to the Bank for International Settlements (BIS) while real estate is a classic example of an illiquid asset. Property as an asset is less liquid, requiring huge investments into physical form, monotonous procedures and smaller market.  Liquidity is significant for any tradable  asset , wh
Read more

5 Places to Visit in Reykjavík

Image
The capital of Iceland is a young, culturally happening city, as well as a launch pad for natural wonders that people dream of seeing their whole lives. Like any cool spot Reykjavík is also constantly reinventing itself, as you can see at the Grandi Area by the Old Harbour. Here fish packing factories have been turned into sharply designed visitor attractions, while creative murals coat the walls and cutting-edge Nordic restaurants have opened. The waterfront was chosen for the cultural venue, Harpa, a monument for 21st-century Reykjavík with a mesmerising facade by Ólafur Elíasson. You could stay in Reykjavík’s cosy embrace or stride out to visit the volcanic marvels in the Golden Circle and see whales in the Faxa Bay in summer. Hallgrímskirkja: Both a parish church and Iceland’s national sanctuary, Hallgrímskirkja is an ever-present feature of Reykjavík’s skyline. Conceived in the early-1940s by Guðjón Samúelsson, the church was 41 years in the making and was finally con
Read more

Weekly News Overview: Cryptocurrency

Image
Email Extortion Scam Targets Googles AdSense A new extortion scam targeting website owners serving banner ads through Google’s AdSense program has begun circulating the Internet. The malevolent scheme demands Bitcoin (BTC) in exchange for preventing an attack, which would purportedly lead to the users’ AdSense account suspension. The email-based extortion scheme was reported by security news and investigation blog KrebsOnSecurity, on Feb. 17. The blog post detailed that some site owners received a message as their site had been spotted by the malicious program as one seeking revenue from publishing an ad. Coinbase Pitches Crypto As A Solution For Racial Discrimination To mark Black History Month, Coinbase has launched an advertising campaign with the pitch that cryptocurrencies can help tackle racial injustice in the financial sector. As part of the campaign, the exchange published a blog post on Feb. 13 with the results of a survey it conducted in
Read more