Welcome to the guide ‘How to trade Bitcoin’. This guide is designed to teach you the basics of online bitcoin trading in a non-boring way. We know you can find a lot of information elsewhere, but let’s face it; most of it is scattered and dry to read. In this guide we will try to make this tutorial as fun as possible so you can learn about trading and have a good time doing it.
Throughout this guide you will learn how you can start with online trading. You will acquire the basic knowledge and skills to understand how trading works and obtain insights about the strategies that will help you to make better and more profitable trades. In this guide will will use Bitcoin as an example, since Bitcoin has gained extreme popularity. Because of the volatility of this asset it offers a lot of opportunity for traders to make successful trades.
This guide is structured in a way that people with limited experience can begin trading safely and apply their newfound knowledge directly. Upon completion of this guide you will have a solid understanding of online trading get the right starter tips and tools so you will be ready to progress to be a real trader. Furthermore, we will also introduce you to the exciting demo-mode. You will be able to make your very first profit on the live market today!
Online trading has gained extreme popularity over the last couple of years due to some of its major features and benefits. Online brokers and their software offer trading platforms that let you trade the markets in an intuitive way. Basically, trading the markets is now available for everyone and can be done from the comfort of your own home or from wherever you are.
The only thing you, in order to start trading, is a broker and its free trading platform, a smartphone or computer and a stable Internet connection. This will allow you to trade in company stocks, commodities and Forex. We will get to that at the end of the guide!
Bitcoin was the first digital currency to be created. It is also the most respected, capitalised and traded cryptocurrency in the world. Bitcoin trading is booming, and a big reason for this is the volatility of this digital currency.
Currency trading allows for maximum yield when it is volatile – lots of ups and downs. And that is precisely the reason global traders enjoy trading Bitcoin. Plenty of profitable opportunities are available when markets are volatile, and Bitcoin ranks highly with traders.
What can you expect from this guide?
Open a trading account
You will be able open your own free trading account and start making your first trades directly online, in the demo mode or in the real-money mode.
Open positions via a trading program
You will be able to open multiple trading positions on your own and will be able to trade with both so-called ‘short’ and ‘long’ positions.
Recognise opportunities in the market
With the gained knowledge you will be able to recognise opportunities in the market, and therefore have a head start in knowing what and when to trade.
Limit and spot personal risks
By using tools and tips you will be able to limit risks while trading online and you will have a better judgment about the risks you have to consider.