Trading Dash on Forex

There are several digital currencies available for trading not only on specialized exchanges but also on Forex.

One of these is Dash, which is not just a digital currency but an entire payment system built on cutting-edge technology.

Over 2,000 companies worldwide accept Dash as a means of payment for goods and services.

This asset has a high market capitalization and good liquidity, making it one of the thirty most popular assets in this market segment.

It can be traded both on specialized exchanges and through Forex brokers' trading platforms.

Today we'll talk specifically about trading Dash on Forex, as this option offers greater convenience and allows for more efficient trading of this cryptocurrency.

Dash on the MetaTrader trading platform

Trading Dash is much easier using the Metatrader program, which is available free of charge from cryptocurrency brokers - http://time-forex.com/kriptovaluty/brokery-kriptovalut

The trading platform allows you to not only open trades but also almost completely automate the trading process using pending orders and stop losses and take profits .

The difference between buying and selling is only 10-20 cents, allowing for scalping.

The DASHUSD currency pair is used for trading; if it's not listed in the market overview, it can be added in a couple of clicks:

The following trading conditions are available
for the DASHUSD pair at the RoboForex

As you can see, 1 lot of this asset is equal to 1 Dash, which is currently only $77. The minimum trade size is 0.01 lots, or $0.77. This allows you to test the waters without risking large sums.

Dash's Outlook:

This digital currency has high volatility , making it suitable for short-term trades.

However, now is the best time for long-term buy positions; the price of Dash recently fell 20-fold, and there's every reason to believe it will soon begin to rise again.

The profit potential is impressive, even if the cryptocurrency regains half its previous value.

To avoid exposing your positions to excessive risk, it's not recommended to use leverage for long-term trades. This tool is best used for trading on shorter timeframes.

And if you do decide to use leverage, be sure to set a stop loss, as the DASHUSD pair is extremely volatile.