Good risk management is the holy grail of trading, and if applied correctly as part of a strong trend, it should theoretically provide a more than proportional return on investment. Traders should definitely focus on the main trading sessions as the main trading centers offer the highest volatility when it comes to Bitcoin. Fortunately, our MetaTrader 4 (MT4) trading platform allows you to trade Bitcoin during the main market sessions, 24or7. It’s also worth mentioning that you should only trade Bitcoin CFDs with a regulated Forex and CFD broker, such as Admiral Markets. With the curated bitcoin choices, you can have the best deals now.
How to sell Bitcoin?
Have you ever wondered if it was possible to speculate on the decline of the cryptocurrency market with only 50 $? It is now possible with Admiral Markets and even easy thanks to MetaTrader 5 Supreme Edition. Two solutions are available to you:
- Either a market order, a simple click on the SELL button on the Mini Terminal is enough to sell the Bitcoin CFD cryptocurrency
- Or a pending order, thanks to the color columns and in particular in this case, the red column, you can very easily place a BTCUSD CFD sell order pending. In this way, you will return to position only if the price of the cryptocurrency reaches the level of the pending order, thus triggering your bearish scenario.
In either case, the Mini terminal of MetaTrader 5 Supreme Edition will calculate the number of lots necessary to open a short position BTCUSD CFD, according to the size desired for your Stop Loss. The appearance and intuitive operation of the Mini Terminal of MetaTrader 5 Supreme Edition makes it possible to sell Bitcoin CFD while respecting the risk that you are ready to take.
Trading Strategies for Bitcoin CFDs
In order to exploit volatility to your advantage, a scalping strategy is the most suitable. The scalping of the BTC or USD pair is done using an excellent Double MACD strategy that we also covered in the Forex 101 article. Due to the volatility and trend, this strategy is suitable for trading BTC or USD on relatively short time units, such as the M5.
So to explain the difference and why you need both, let’s take a look at a piece called Ripple (XRP). As of this writing, August 8, 2019, the price of Bitcoin is relatively stable between $ 10,000 and $ 12,000. These traders will have a very large “bankroll”, which means that they can still make a lot of money even if the percentage gains are small. Don’t allegedly let lost opportunities cloud your profit-taking judgment, and keep in mind that day trading isn’t free. The event marked a period of greater sales momentum, confirming the majority of the bearish mood that currently prevails among investors.
Finally, Bitcoins relatively unregulated landscape makes it easier to start transactions, without requiring lengthy identity verification processes.
This popularity stems from the low barrier to market entry and the possibility of obtaining high returns. Bitpanda uses several types of payment, including bank exchanges, Visa and MasterCard, cash, SOFORT, Skrill and Neteller.
What exactly are Bitcoin and Cryptocurrency trading robots?
Although in some ways Bitcoin does not behave like any other asset, charts can still be used to track and predict the next move by Bitcoin.
Check the records that have been connected to the general ledger. When the S / R lines are tilted, they are called trend lines. Don’t take shortcuts in your trading analysis. History of day trading, these investments are evaluated by third-party companies in terms of security, AAA being the least risky.