and now... even LTC trading on plus500

[conspirosphere.tk]

Plus500 is a cfd trading platform. Someone here already milked them good when they introduced BTC/USD trading during the last long bullmarket.
Now:
http://www.plus500.com/Instruments/LTCUSD
imho it sounds bullish for LTC.

...and if it continues we can expect more alts there.  Can't wait for BBQcoins dislodging the USD as the world reserve currency :-)

[GigaCoin]

i remember some ppl here bashing plus500, are they reliable ?

[GigaCoin]

reading up on various forex forums it seems plus500 are involved in many scams i would be careful with them.

[conspirosphere.tk]

maybe, but we coiners trade with the real things anyway.

The interest of that news is that is another proof that the financial hyenas are taking notice and starting to pump cryptocoins more.
Free advertising in short.

[MilliCoin]

Plus500 is a legitimate UK registered company and even registered on the stock exchange themselves.

I'd advise extreme caution for anyone not familiar with Contract for Difference or trading.

You can trade Bitcoin at 1/10 leverage - that means that gains and losses are multiplied 10x. If your thinking "only way is up now for Bitcoin after the slump, I'll make a mint" it likely wont be the case as all it takes is a 5% drop multiplied by 10 = 50% and you hit your maintenance margin and if you don't have any other funds, then your position is closed and all cash disappears!

Although you can apply stop loss, trailing stop to prevent losses - approach with care.

[spndr7]

Plus500 is a legitimate UK registered company and even registered on the stock exchange themselves.

I'd advise extreme caution for anyone not familiar with Contract for Difference or trading.

You can trade Bitcoin at 1/10 leverage - that means that gains and losses are multiplied 10x. If your thinking "only way is up now for Bitcoin after the slump, I'll make a mint" it likely wont be the case as all it takes is a 5% drop multiplied by 10 = 50% and you hit your maintenance margin and if you don't have any other funds, then your position is closed and all cash disappears!

Although you can apply stop loss, trailing stop to prevent losses - approach with care.

Cryptocurrencies have huge daily swings,so any leverage is dangerous.