Published on June 12th, 2013 | by iOSappStats0
Day Trading the BitCoin is now Possible !
Anyone can Buy and Sell Bitcoins… but did you ever wonder how to properly trade in Bitcoins the way you trade in Stocks and Futures? Going long and short or leveraging your investments with margin the way Day-traders do?
Since a few days ago theres already at least one Broker that allows you to trade Bitcoins the way you trade in stocks, in the form of CFDs, you can buy or sell short on margin, that means that you can win with the rise and fall of the digital currency !
Trading on margin enables you to leverage your trades, in this case you can start a trade with just 25% of the face value of BitCoin, but then the maintenance margin is just 10%, so theoretically you can be 10 times leveraged, not sure if thats recommended though… A simple 10% move on your way can get you 100% profit the same way that going 10% against you could mean you’re wiped-out, and by the way, take a look how volatile the BitCoin is these days:
The broker in question is Plus500, regulated by the FSA and specialised in micro trades since anyone can open an account with just 100 bucks, they even get you 25$ free with no deposit required:
So, if you’re in for the BitCoin trading frenzy the best move could be taking their 25$ No-Deposit Bonus before they change their mind and test the water risk-free… You can test their trading platform (PC, MAC, iOS and Android) and maybe if you’re lucky you can make a few bucks while trying 😉
If you’re already a BitCoin expert, you can benefit of their 30% deposit Bonus, up to 7000$ depending on how much is your first deposit.
Also, check this interesting BitCoin 101 Infographic:
Tell us what you think, and if you find a good trading strategy let us know !