Most brokers limit the leverage offered on cryptocurrency trading due to the high volatility of the assets. As they gain popularity, we'll be covering them in greater details.
How to Trade Bitcoin
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Trading platforms Forex advisors Trading video Forex economic calendar. Currencies exchange rates Currency converter. There are a finite number of bitcoins - 21 million exist and they are predicted to last until The value of the bitcoin is constantly fluctuating and bitcoin technical analysis is required in order to know when to buy and sell this currency.
There are currently several online currency exchanges available where one can exchange dollars, euros and other currencies for bitcoins. Bitcoins are traded primarily through bitcoin brokers and reliable Forex brokers that offer bitcoin trading as one of their assets. Read our bitcoin broker reviews below before deciding which bitcoin broker to use. The first and perhaps the easiest is to find a top bitcoin broker and invest in the digital currency in the same way you would a physical currency — buy low and sell high.
Since bitcoin is an extremely volatile currency you should be able to identify the dips with a bit of studying and bitcoin research. Bitcoin research can be done on both the fundamental and technical levels or both, of course. On the technical level, bitcoin technical trends tend to stretch about a year at a time so it shouldn't be impossible to identify and make your trade accordingly.
On the fundamental level, traders must look at the number of bitcoin traders, the number of wallets being used and the volume of bitcoin trades to determine what they think the currency should be worth — and then trade accordingly.
Though it's certainly possible to make money trading bitcoin in this way, it's definitely more speculative. No matter what strategy you use to trade bitcoin it's important to make sure that you have chosen the best bitcoin broker to invest with.
Don't forget to compare the spreads of different bitcoin brokers to make sure you won't be paying fees that are too high, and the execution time to ensure you'll be getting the price you want.
Most of all we recommend that you make sure to choose a regulated bitcoin broker so that your money will be secure at all times. Your capital is at risk. They decided in to expand by moving away from binary options, and now offer trading in spot Forex and CFDs only. The CFDs on offer cover a wide range, from popular individual international stocks to commodities such as metals, energies and softs, as well as equity indices.
They also offer a good, wide selection of Forex currency pairs. Coinbase is based in San Francisco, California, U. As of May , it had more than 7. FXCM was listed among the fastest growing companies by Inc.
It is regulated and licensed in each of them. Cryptocurrency trading is fairly easy to learn and can be profitable from the first trade.