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March 22, 2018, 10:25:23 AM |
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Knowing Where To Trade
Opening a trading position on Bitcoin can be performed in two ways. You can trade the currency on one of Bitcoin’s online exchanges, or you can trade Bitcoin derivatives in the form of a contract for difference (CFD) via an electronic, commission-free trading platform. There are a few major advantages to CFD trading on Bitcoin:
Affordable and simple: Lower commissions and intuitive trading platforms.
The power of leverage (typically 1:10): To buy 1 Bitcoin worth more than $1,000, you only need $150 in your trading account.
24/5 availability: Around-the-clock trading opportunities.
Short trading: Ability to ‘Sell’ the asset even when you’re not holding it. This, in the hope that its price will go down.
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