How to Trade Spot Crypto Currency or Bitcoin
Spot Crypto Currency or Spot indices are same as forex trading or currency trading but you can start trading Bitcoin or Currency in four easy steps, these steps are :
1. Choose Broker:
Here are few good brokers:
- Interactivebroker.com Accept people from all over the world)
- ig.com (Accept US and from all over the world)
- Oanda.com (US and accept people from all over the world)
- Pepperstone.com (Accept people from all over the world)
We recommend you to search for a good broker, there are a lot of brokers that play with new traders money, research before you start trading.
2. Download trading platform:
You can trade on demo platform with virtual money and when you will be expert then open live account with real money.
Download any broker's platform to start trade For Example:
- Download the Pepperstone Client Terminal
- Other client terminals can be found at Pepperstone Downloads
Click File and click Open new Account (it will ask your information and will open new demo account which is free)
3. Understand the trading platform:
- What are pips?
- A pip is a very small measure of change in a currency pair in the forex market. It is the smallest amount a currency quote can change, which is usually $0.0001 USD, or 1/100th of 1%.
- Example1: Using the value 1.30775 in EURUSD
- 1 denotes dollar value
- 30 denotes cents
- 77 denotes pips
- 5 denotes 5/10ths of a pip (negligible and can round the pip value up or down)
- Example2: using XBTC/USD or Bitcoin value 1275.45
- 1275 denotes dollar value
- 45 denotes pips/points
- Example1: Using the value 1.30775 in EURUSD
- A pip is a very small measure of change in a currency pair in the forex market. It is the smallest amount a currency quote can change, which is usually $0.0001 USD, or 1/100th of 1%.
4. Choose Crypto Cureency Forecast signals or best Crypto Cureency Forecasting System:
Choose our signals from Elite Membership to place trades, or you may choose our Master Mind Crypto Currency Trading System to analyze and place your own trades.
5. How to place a trade on the platform:
- Click on Gold, EUR/USD or Any pair you want to trade and click New Order / or Press F9
- New window will be opened place Stoploss and Limits and click Sell or Buy according to the signal you receive from our website
- Stop Loss
- The maximum value you input to stop buying (Used to protect you from big loss)
- Limit or Take Profit
- The minimum value you input to stop selling (where you take profit )
6. Understand the Signal and Use good method to Place Trades:
To better understand signals and use good method to place trade Please read our blog.
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