🎁If you're in a hurry, you can sign up for Photon from here
In recent months with the big rise in meme coins many people are looking to find a platform that is easy to use but also fast in being able to buy tokens with low capitalization.
This problem comes to solve it for us Photon solana.
Table of Contents
What is Photon Sol
The Photon Sol is a trading platform to buy and sell Solana tokens with very fast speed . Photon Sol's plan is to make trading as fast and efficient as possible, serving both experienced traders and beginners because it has a very easy menu.
How to register on Photon
To register on the Photon platform you must first install Phantom wallet
After you have made the wallet in Phantom, you should now enter the Photon website and do Connect wallet.
Then it will show you your scouting Address that you have made Connect and you will do Generate.
In the next step it will show you a lot of photon wallet you but also the PRIVATE KEY which is very important to do safe somewhere and you will press Continue.
In the last step, it will show you the address for which you make a solana deposit.
So you will send SOL with solana network or from exchange or some other wallet.
If you don't know how to buy solana I have made a detailed step by step guide for solana market.
How to buy Tokens
To buy a token and be able to do signals on the platform you should put the address of the token you want in the search and click on the first one.
As soon as it puts you on the page you will choose how many solanas you want to invest in the token you can with 0.25, 0.5, 1, 2, 5, 10, SOL but you can also put whatever you want as I have put 0.14 sun and press Quick Buy and in 4 seconds the Token will have been purchased.
The tokens you have purchased will be available to you at my holdings
Now if you have made a profit or you just want to close the trade and sell all the tokens, you will go to the sell category and select 100% to sell all the tokens.
Photon Limit order
However, the platform gives us the possibility to buy with a limit order, that is, we can tell the Bot to buy automatically while we do something else.
To set a Buy limit what we do is go to the Buy category and select Buy Dip.
Then you will put the money in SOL you want to buy the token.
Then you will click on the option that says MC by and you will change it with the By target line
and then it will show you the blue line in the chat you can move it and select the level you want the purchase to be made and you will press it Create Order.
As soon as the candle touches the blue line, an automatic purchase will be made.
Take profit / Stop Loss
take Profit
You have just bought a token and want to do it automatically, i.e. sell with Take Profit or close with a smaller Stop loss.
Let me show you how to do it
you will select the currency you have purchased and go to the category sell and you will choose it Auto sell post take profit and then you will put it By target line, and you will have one disappear green line in the chat that will show you how much profit to close.
You will select Create Order and as soon as the candle touches the green line the trade will close with a profit of 30,38%.
Stop Loss
Now if you have bought a token and you don't want to risk and lose more than -32% for example, you will go to the category sell you will select Auto Sell post stop loss, you will select it By target line, 100% to Sell amount to sell all tokens and you will press Create Order
Photon solana Fees
According to official webpage The fees for the Photon exchange in SOL are 1% of the original Token used for each buy and sell transaction.
Example ( Purchase transaction ): You would like to spend 5 SOL to buy 100$ PHOTON Tokens. The 1% fee will be calculated as follows:
5 x 0,01 (1%) = 0,05 SOL So after subtracting 0,05 SOL (1% fee), 4,95 SOL will be used to purchase $PHOTON tokens.
Example ( Sale transaction ): Submit sell order for 100 tokens @ 0,01 SOL per Token, fee is calculated as 1% of 1 SOL (0,01) Final price = 0,01 SOL/token and user gets back 1 SOL Photon Fee = 0,01 .1/1 SOL = XNUMX%
Referral Photon
Photon also has the option to invite other Traders and earn a discount on Fees and you will get a small percentage of the Fees that the trader you have written will make
LIABILITY DISCLAIMER:Cryptocurrency trading Forex is VERY risky. Make sure you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your money
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