Trading Bitcoins on the exchange

The young electronic currency, or as it is also called electronic gold, Bitcoin made a lot of noise after a record growth in its value and even more after its fall.

In fact, it can be classified as a certain type of security, since the monetary unit is not a currency in the classical sense of the word, and has no real backing with material values.

Its price is regulated by supply and demand according to purely market laws, and bitcoin trading takes place only online.

But the very approach to creating a payment system using Bitcoins has aroused great interest, since the system operates on a principle similar to the Internet, there is no main center and no one controls the implementation of monetary transactions.

In essence, it turns out that when you buy Bitcoins, you purchase shares of this payment system and become a co-owner; in addition, you can use a speculative trading option.

The release of new coins is strictly programmed and limited, based on the principle of non-renewable resources, which only increase in value over time, as evidenced by the rise in energy and gold prices. Naturally, sharp price fluctuations are inevitable here, too.

That is, assessing the real situation, we can assume that the Bitcoin rate will only rise after the current decline, which is an excellent incentive for long-term investments.

Bitcoin and Forex Trading Rules

You can trade cryptocurrency both in real life, buying and selling it at exchange offices, and on the forex exchange.

Compared to real trading, forex trading offers a number of advantages: lower commissions for transactions, fast execution, the ability to use technical analysis , and the unlimited benefits of a trader's trading terminal.

The trader's terminal allows you to conduct technical analysis of the exchange rate and open trades at the most favorable prices. You can also place pending orders on Bitcoin, planning the profitability of your trades in advance. Using the program requires no special knowledge; the interface is extremely clear and intuitive.

Trading is carried out using CFDs, which does not require delivery of the currency sold or purchased.

You can find all the information about Bitcoin trading on the exchange at http://time-forex.com/kriptovaluty . It also contains information on other cryptocurrencies available for exchange trading.

Bitcoin trading is relatively simple, and its price is easy to study and predict. It's worth noting that Bitcoin isn't the only cryptocurrency available for trading on Forex; brokers are gradually expanding their range of available assets.

Other trading conditions are also changing, including decreasing spreads, increasing available leverage, and lowering the minimum trade size.

Recommended brokers that allow trading with Bitcoin and other cryptocurrencies include Amarkets , Alpari , and Roboforex .