There are two basic strategies when you want to trade Ether:

a. Buy and hold – Because of high volatility, many traders, according to latest Ethereum price prediction, are accepting this approach.. You can buy Ether from any exchange and store it in the wallet.

b. Active trading – Active trading with cryptocurrencies is tough as not all crypto exchanges offer the ability to set stop losses similar to Forex brokers.

However, there are few exchanges like Poloniex which allow you to set limit orders. If your exchange doesn’t allow you to set stop losses, you should set up alerts so that you can always be aware of the market movements and can trade manually. You need to search for the ETHUSD currency pair in the search box and add it to your watchlist. Once done, the chart will come up. Then right-click on the chart where you want to add an alert.