You can trade yourself by trading Bitcoin Futures or invest in a Bitcoin Mutual Fund or have a Fully Managed Bitcoin Account. Whichever trading strategies you determine to use, our experienced brokers will guide you if necessary. Bitcoin trading is the future of Forex Trading. The profitability in Bitcoin trading is enormously high and only climbing higher. There are two ways to make profits with Bitcoins: buy and sell Bitcoins or use them as an investment contraption. If you invest enough to buy and sell Bitcoins in a serious way, you can make a high stable profit. However, if you are the type of investor who wants to make a serious amount of profit then one of the available Bitcoin trading strategies that we suggest is for you.
The company is based in London, UK, where financial trust meets technological innovation, putting us in the middle of a very popular financial hub. Our team has a diverse background in investment banking, and engineering. We all share a love for Bitcoin. The United Kingdom offers favorable regulation and a successful financial technology industry. London is a fresh and upcoming future Bitcoin hub.
Why Trade Bitcoin?
Before we demonstrate you how to trade Bitcoin, it’s significant to understand why Bitcoin trading is both titillating and unique.
Bitcoin isn’t fiat currency, meaning its price isn’t directly related to the economy or policies of any single country. Across its history, Bitcoin’s price has reacted to a broad range of events, from China’s devaluation of the Yuan to Greek capital controls. General economic uncertainty and fright has driven some of Bitcoin’s past price increases. Some claim, for example, that Cyprus’s capital controls brought attention to Bitcoin and caused the price to rise during the two thousand thirteen bubble.
Unlike stock markets, there are no official Bitcoin exchanges. Instead, there are hundreds of exchanges around the world that operate 24/7. Because there is no official Bitcoin exchange, there is also no official Bitcoin price. This can create arbitrage opportunities, but most of the time exchanges stay within the same general price range. Bitcoin is known for its rapid and frequent price movements. Looking at this daily chart from the Coin-Bank BPI, it’s effortless to spot numerous days with swings of 5% or more.
Bitcoin trading is arousing because of Bitcoin’s price movements, global nature, and 24/7 trading. It’s significant, however, to understand the many risks that come with trading Bitcoin.
You can embark day trading on any bitcoin exchange that has adequate liquidity. Smaller exchanges will have lower volumes, and therefore a larger ‘spread’ been bid (buy price) and ask (sell price). That means the price must stir further before you are in profit, and trades may take longer to execute. Therefore, sign up with a large exchange where you can be sure that liquidity and speed of trading will be suitable. And, as ever, make sure the exchange is reputable. It makes no sense to make thousands of dollars (or bitcoins) day trading, only to have them vanish when the exchange is hacked or goes bankrupt through mismanagement. Bitstamp is a good place to embark. It is the world’s largest bitcoin exchange and has an excellent reputation. Bitstamp is an exchange, rather than a Bitcoin trading platform.
You can buy and sell bitcoins quickly and lightly, and begin to learn about the way the market tends to react. You can place orders in real time (buying and selling at the ‘spot’ price) and set limit orders, which execute when the price reaches a certain level. However, Bitstamp is not designed for advanced day trading. Other exchanges and platforms have more advanced contraptions that permit you to use more sophisticated trading technologies and amplify your gains – and your losses. Use them with caution!
leverage and brief
There are two technologies commonly used by day traders to increase their profits from market movements. Leverage, or margin trading, means borrowing money on a short-term basis to speculate on the price of bitcoin. The loan is paid back when you exit the position.
Is a way of profiting from downward movements in price. Usually you would need to buy bitcoins to profit, selling them at a higher price and pocketing the difference. If you want to profit from the price falling, you must own bitcoins in the very first place. You sell them and buy back at a lower price. This is the simplest way of shorting, but it only works if you have bitcoins in your account.
With true brief selling, you effectively borrow bitcoins, sell them, and buy them back at a lower price before returning them to the lender – keeping the difference in price. This is carried out in various ways (you may or may not actually be borrowing bitcoins from the exchange or another user), but the effect is the same. You can also leverage your brief sells in the same way that you would leverage a long position.
There are many instruments to help you profit, and minimize your losses. Two you should learn about are limit orders (which execute a trade at a certain price, whether you are there or not) and stop-losses, which can be used to lock in profits when the price switches direction after moving in your favor. You will also learn to read the market by keeping track of different indicators. Technical analysis is an utterly elaborate discipline, but you can embark to understand the underlying trends and coerces that form the market by learning about volumes, moving averages of different kinds, and different patterns that emerge in the charts.
Crypto-Trading are influenced products. Crypto-Trading associated with foreign exchange, common assets and other underlying variables, involves a high level of risk and a possibility of loss of some or all of your investment. As such, Crypto-Trading is not suitable for just anyone. It would not be wise to invest money that you cannot afford to lose. Before trading, be aware of the risks associated with Crypto-Trading, and consult with an independent individual and/or a licensed financial advisor. By no means shall we have any liability and/or responsibility to any person or entity for (a) any loss or harm in entire or part caused by, resulting from, or relating to any transactions associated with Crypto-Trading or (b) any direct, indirect, significant or serendipitous damages whatsoever. Trading with Coin-Banks by following, imitating or reproducing the trades of other traders implicates a high level of risk, regardless of them the top-performing traders. The risk that you may be imitating or reproducing may result in trading decisions of possibly unpracticed/unscrupulous traders. The overall risk associated in Crypto-Trading or traders whose ambition or intention, or precedence may differ from yours. Previous spectacle from a Coin-Banks representative or existing client is not a reliable prediction of his future spectacle. Content/information on Coin-Banks Bitcoin trading platform is inaugurated by members of its own network and does not contain advice or recommendations on behalf of Coin-Banks – Your Bitcoin Investment Network.
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