How eToro revolutionized trading Bitcoin
Trading Bitcoin can be highly profitable if done correctly. Bitcoin is one of the fastest and most volatile markets in the world. This article will give you all the tools necessary to have the knowledge to invest in Bitcoin using the number one copy and social trading platform eToro. eToro is a global social investment marketplace for people to trade currencies, commodities, stocks, and indices online. Allowing you to execute trades yourself (just like with any other broker), and the option to interact, learn, and copy successful traders.
What is a Bitcoin
To some people, Bitcoin is the future of payment and exchange. The same way you buy something using $1 dollar, why not buy something using 1 Bitcoin. Though Bitcoin is much more than a coin, it also uses blockchain technology to secure and oversee transactions between accounts. Similar to when you use your credit card at a store the transfer from your bank to the merchant must be secured and verified at every step. Bitcoin cuts out the middleman; thus international transactions become much cheaper, which is great because it is one of the few currencies accepted internationally. The blockchain is run by a network of computers around the world and is not owned or controlled by anyone. It is also the first currency accepted around the world with no government regulation. No regulation leads to more freedom, but also creates a plethora of risks. Investing in this lucrative asset is seen by media, traditional banks, and investors as unsafe and borderline gambling. However, eToro has given our users the option to trade Bitcoin safely and simply. We are here to help you understand eToro and Bitcoin Trading through our intuitive and comprehensive guides.
Obstacles in Trading Bitcoin
Knowing the risks of eToro Bitcoin Trading is crucial to understanding how to be risk averse and profitable. eToro Bitcoin Trading comes with obstacles that conventional investments don’t have. The most prominent barrier being an unregulated and extremely volatile market, open 24 hours every day. The combination leads to unpredictability and unprecedented plausibility of losing money at any moment. It’s not rare for the price of Bitcoin to surge or fall 10 percent or more in one day. Unless you are an expert in trading Bitcoin, the barriers to entry often frighten ordinary investors away. Also, finding a secure and reliable platform can be just as challenging as trading itself. Multiple platforms have been proven to be either a scam or deceitful in their operations. When you Trade Bitcoin on eToro, these issues become obsolete and investing becomes safe and straightforward.
eToro Revolutionizes Trading Bitcoin
eToro is the most popular social trading and copy trading platform for investments like stocks, forex, funds, and now Bitcoin. You can start trading bitcoin just like you would any other stock or fund. Trading Bitcoin has been made simple using a Contract for Difference system (CFD), which allows you to invest in an asset without owning it. To protect your investment around the clock a stop loss and take profit parameter is offered. Thus, allowing you to decide how much you are willing to lose or gain before automatically selling. If you don’t have the time or knowledge to trade on your own, that is fine. The best part is you can copy the exact moves of expert bitcoin traders like @Bigfish a Bitcoin Banker and developer. Diversify by investing in a Crypto Fund which has a combination of all significant cryptocurrencies in one fund. eToro offers an excellent service, and we’re here to teach you and guide you towards your goal!
Start for Free Now
If you want to experience the platform without risk and for free open a Demo Account. A Demo Account allows you to invest with $100,000 of paper money with no minimum deposit or fee. You also get to be a part of largest network of investors in the world.
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Currency trading with leverage implies an important risk for the investor and there is always the possibility of losses. These instruments carry a high risk if they are not managed properly and a profit can quickly become loss as a result of price changes. Due to the risk factor inherent to this type of trade, only funds intended for risk investments should be used. If you do not have extra capital you may be willing to lose, you should not trade in the forex market. It has never been proven that there is any system or portfolio of systems that is completely safe and no one can insure future profits or losses. Before you start trading in the forex market you should think carefully about your goals as an investor, your level as an investor and your risk aversion to determine if this is the type of investment you want to make. If you are in doubt you should seek advice from a professional financial advisor to advise you about the investment.
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