How to trade bitcoin
In this article, we present 2 strategies that will help you gain an edge in trading Bitcoin. The strategies take into account its high volatility. Choose the one that suits you the most and start earning! You will need to follow specific news about Bitcoin. Such news seems to have a more long-lasting impact than some economic news like US nonfarm payrolls. For instance, if you learn that a large fund invested hundreds of millions in Bitcoins, consider buying the cryptocurrency during the next few days.
If a big cryptocurrency exchange was hacked, consider selling Bitcoin.
Bitcoin price made a turn up at the beginning of April. Firstly, Bitcoin was announced compliant with Sharia law. Secondly, there were reports that famous investor George Soros was interested in trading cryptocurrencies.
TRADE THE BTC PRICE SWINGS LIKE A PRO USING OUR AI-DRIVEN AUTO-TRADING MACHINE
In addition, traders were looking forward to World Blockchain Forum which was to take place in Dubai on April Then, however, new factors came into play. Microsoft-owned search engine Bing joined the ranks of other internet giants in banning crypto-related ads from its network by July Moreover, cryptocurrencies came under criticism by European financial authorities. The negative trend has been continuing up to date. Notice that this strategy requires following special websites and blogs which track Bitcoin-related events. Technical analysis can also be a great source of Bitcoin trade ideas.
Better focus on timeframes exceeding H1 as they will allow you to get the biggest best of this market. Bitcoin tends to move in trends.
The most promising strategy is to choose a trend-trading system for Bitcoin. It can be as simple as trading on the basis of a moving average or a combo of MAs. Take profit when price moves back and touches the period EMA. Place a Stop Loss above the swing high. Do the opposite for a BUY trade.
How does Bitcoin Era work?
To minimize your risk and maximize your profit while trading cryptocurrencies, diversify your capital among several of them. Different cryptocurrencies have different purposes. For example, Bitcoin and Litecoin act directly as currencies. Ethereum represents a decentralized application platform, while DASH is focused on the privacy of its users. These all are cryptocurrencies with high liquidity and market capitalization, and you can trade them with FBS. Here are other benefits of trading bitcoin derivatives with us:. Buying bitcoin through an exchange is mainly for those who use a buy-and-hold bitcoin strategy.
As well as trading bitcoin derivatives or buying coins directly from an exchange, you can trade Crypto 10 Index that gives you exposure to 10 major cryptocurrencies like Bitcoin in one single trade. This index speculates on these Cryptocurrencies and closely tracks or mirrors the underlying market price of them. Trading financial derivatives makes it possible to go both long or short, depending on the current market sentiment.
Stops and limits are crucial risk management tools — and you have several to choose from when you trade with us:. These tools are all available to select via the deal ticket on our trading platform.
TRADE BITCOIN VOLATILITY LIKE A PRO THROUGH BITCOIN ERA
Indicators can also help you monitor current market conditions like volatility levels or market sentiment. You can close your position whenever you like to take a profit, or to cut a loss that has reached a level that makes you uncomfortable. Your profits will be paid directly into your trading account, while your losses will be deducted from your account balance. You certainly can profit from bitcoin trading, and your ability to achieve a profit will depend on the depth of your market analysis, your market knowledge and the underlying market conditions.
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These will enable you to go long and speculate on the price rising, as well as short and speculate on the price falling. The accuracy of your prediction and the size of the market movement will determine your profit or loss. Trading bitcoin can be risky due to volatility in the market. These include in-platform stops and limits, and the educational resources available on IG Academy — so you can take control of your trading. We are licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority, so any capital in your account is held separately to our company funds — which means that even if we go bust, your money is protected.
Although cryptocurrency is a 24 hour a day, seven day a week market, some hours will see increased volatility and liquidity. For example, 12pm UK time can see some increased volatility as both the UK and US markets are getting into their stride for the day. Our market hours for bitcoin are from 8am Saturday until 10pm Friday UK time. Compare features. The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate.
Bitcoin System ™ - Official Website |
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority. The information on this site is not directed at residents of the United States and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
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IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority and is registered in Bermuda under No. Inbox Community Academy Help. Log in Create live account. Related search: Market Data. Market Data Type of market. Markets to trade Cryptocurrencies Bitcoin How to trade bitcoin Bitcoin cash vs bitcoin Bitcoin halving.
How to trade bitcoin Bitcoin is a popular and highly volatile cryptocurrency.