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 emergence of new coins is strictly programmed and limited, while the principle of non-renewable resources operates, which only become more expensive over time, confirmed by the rise in prices for energy resources and gold. It is clear that this cannot be done without sharp price increases.

That is, assessing the real situation, we can assume that the Bitcoin rate will only increase 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.

Unlike real trading, Forex has a number of advantages - lower commission for transactions, speed of transactions, the ability to use technical analysis , and the unlimited advantages of the trader's trading terminal.

It is the trader’s terminal that allows you to conduct a technical analysis of the rate and open transactions at the best price; you can also place pending orders for Bitcoin, planning in advance the profitability of transactions.

Working with the program does not require special knowledge; the interface is as clear and intuitive as possible. When trading, the CFD mode is used, which does not provide for the delivery of sold or purchased currency.

You will find all the information about how bitcoins are traded on the exchange in the section - http://time-forex.com/kriptovaluty ; there is also information on other cryptocurrencies available for exchange trading.

Trading Bitcoins is relatively simple; the cryptocurrency rate is easy to study and predict.

It should be noted that Bitcoin is not the only crypto currency that can be traded on Forex; brokers are gradually expanding the arsenal of available assets. In addition, other trading conditions are subject to change - the spread is reduced, the available leverage is increased and the minimum transaction size is reduced.

Brokers that allow you to use Bitcoin and other cryptocurrencies in trading can be recommended - Amarkets , Alpari , Roboforex .