Cryptocurrency Trading Strategy: The Balanced Portfolio Strategy
XcelToken Plus is an ERC20 token on the Ethereum Blockchain Platform that is created to build, engage and foster a large crypto-community within the hospitality, retail and gaming sectors. XcelToken Plus is now available on Coingeo a cryptocurrency trading platform, where you can use the below cryptocurrency trading strategy:
If you need balance in your life this may be the best cryptocurrency trading strategy for you. A balanced portfolio strategy comprises of buying numerous cryptocurrencies, for the same volume across the marketplace.
Say you invest in-
You have a budget of $900. You’d invest $300 into each coin allocating your asset evenly. This way you’re distributing the risk across the board.
This is a good way to test dissimilar coins, when you’re uncertain of which ones will do well for you or not. You’ll rapidly find out which currencies have the best shot in succeeding. From there you may want to only invest in one or two coins that have given you the lion’s share of profit.
The only disadvantage to this approach is that, for example, one of the coins produces a 10% gain while the other two lose 5%, you would be stuck with no profit, however this is rarely the case. Of course, this would work in inverse the opposite could happen as well, so again, you’re fundamentally scattering out your risk across several coins with this approach.
Tip: Make sure each coin you invest in are utilize diverse utilities. For example: one privacy coin, one security coin, one equity coin, etc.
Use the unbalanced portfolio strategy a good cryptocurrency trading strategy while trading with XcelToken Plus on CoinGeo a secure crypto-trading platform.
