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Bitcoin Trading | Automated Cryptocurrency Trading Software

Bitcoin Trading

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Why is it profitable to trade crypto currency?

But first let's see why the trade in the etherium or bitcoin is beneficial? Trade in crypto money on the exchange has several undeniable advantages in comparison with the usual trading:

Bitcoin is a global currency.

It is not tied to any state, and therefore it can be considered in some measure independent. Of course, it is influenced by events that occur in the world. For example, if in some country the local currency depreciates, then you can be sure that bitcoin will change its course a little. Crises have a strong impact on the cost of BTC. The owners of large accounts paid attention precisely to bitcoin because this currency can not be controlled. Bitcoins can be traded 7 days a week and 24 hours a day. For him, there are no official exchanges that are tied to time or have a weekend or public holidays. There is also no official course and official price. All this creates just perfect conditions for arbitrage. Bitcoin is high volatility. Price over the past few months has changed at an astonishing rate. High volatility also creates excellent conditions for trading. What are the main principles of trading on the exchange crypto-currency? If you have already met with trading, then, most likely, these fundamentals already know. All that is required of you in order to make a profit is to buy cheaper and sell more. Of course, there is a whole set of tools, tactics and strategies for determining when it is better to buy and sell currency.

Basic Concepts Bitcoin Trade

  • The main components of any exchange trading crypto currency look like this: current rate charts;
  • orders for purchase and sale;
  • history of transactions; trading volume.

According to the graphs, the tendency of the value of the currency is determined: a decline or a rise. Graphs can be different in appearance. For example, some display changes at 5-minute intervals, and some changes occur once a day.

Orders are requests by users to purchase or sell currencies. According to the history of transactions, you can track which transactions were conducted on the exchange recently and with what tools. By the volume of trade, it is possible to judge how much of the crypto currency has passed from one source to another in a certain period of time. That is, demand is made clear. Popular Exchange Crypto-Currency Exchange All exchanges for trading crypto-currencies are divided into 2 types: Exchange, where bitcoin and other forks can be changed to world currencies and exchanges, where bitcoin is changed only to other crypto-currencies. Forks are digital money, which are derived from bitcoin. More about the best and most popular among the Russian traders exchanges in 2017 read here:

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