Trading Dash on Forex

There are several digital currencies that can be traded not only on specialized exchanges, but also on Forex.

One of them is Dash, which is not just a digital currency, but an entire payment system built on the latest technologies.

There are more than 2,000 companies around the world that accept Dash as a means of payment for goods or services.

This asset has high capitalization and good liquidity, which allows it to be one of the thirty most popular assets in this market segment.

You can trade it both on special exchange platforms and with Forex brokers through trading platforms for trading.

Today we will talk specifically about trading Dash on Forex, since this option is more convenient and makes it possible to trade this cryptocurrency with higher efficiency.

Dash in the metatrader trading platform

Trading Dash is much easier in the metatrader program, which is provided for free by cryptocurrency brokers - http://time-forex.com/kriptovaluty/brokery-kriptovalut

Through the trading platform, you can not only open transactions, but almost completely automate the trading process itself using pending orders using stop loss and take profit .

At the same time, the difference between buying and selling is only 10-20 cents, which allows you to engage in scalping.

The DASHUSD currency pair is used for trading; if it is not in the market overview, then it is added there in a couple of clicks:

At the same time, for the DASHUSD pair at the broker Roboforex , the following trading conditions are observed:

As you can see, 1 lot for this asset is equal to 1 Dash, that is, at the moment it is only $77, the minimum transaction volume is 0.01 lot or $0.77.

This allows you to test the trade without risking large sums. Prospects for Dash

This digital currency has high volatility , which allows it to be used in short-term transactions.

But besides this, now is the best time for long-term buy positions, not so long ago the price of Dash fell 20 times and there is every reason to assume that it will soon begin to rise again:

The earnings prospects are more than impressive, even if the cryptocurrency regains half of its former value.

In order not to expose your positions to excessive risk, it is not recommended to use leverage for long-term transactions.

It is advisable to use this tool for trading on short time frames. And if you still decide to use leverage, do not forget to set a stop loss, since the DASHUSD pair has simply enormous volatility.