This thread is an effort to take you through new world of digital currency trading.
As you must be familiar by now what is Bitcoin all about. Bitcoin is a digital currency that can be transacted through a peer-to-peer network without the need of a central authority. The technology is widely known as "crypto technology."
Crypto technology has the potential to transfer the way in which how financial system works currently. In few years time, there are all possibilities that digital currency transaction would form the primary source of money transaction and we might say bye-bye to paper currencies.
I can go on and on about the technology, but I would like to focus this thread on the opportunity that Bitcoin provides for the FOREX traders.
People who are familiar with equities and FOREX, will agree to the fact that the volatility in equity market is unmatched and so as the leveraged in FX market. Bitcoin currently provides the rare combination of experiencing the volatility of equity market combined with the leverage of FX market.
Bitcoin is traded 24 x 7 globally and the volatility ranges from 5 to 10% easily on many occasions. Currently the leverage provided by the broker ranges from 3 times to 10 times. Since the market is fully functional on Saturdays and Sundays, the working professionals also can give a try on weekend Bitcoin trading.
Few companies which are currently providing leveraged trading are
Atriol UK Limited
OKCoin
Bitfinex
FXopen
Many forex brokers are in the making of releasing a Bitcoin trading product.
I would like to invite all FOREX traders to start a healthy discussion on leveraged Bitcoin trading so that new traders can get more information about the digital world which we are entering in to.
As you must be familiar by now what is Bitcoin all about. Bitcoin is a digital currency that can be transacted through a peer-to-peer network without the need of a central authority. The technology is widely known as "crypto technology."
Crypto technology has the potential to transfer the way in which how financial system works currently. In few years time, there are all possibilities that digital currency transaction would form the primary source of money transaction and we might say bye-bye to paper currencies.
I can go on and on about the technology, but I would like to focus this thread on the opportunity that Bitcoin provides for the FOREX traders.
People who are familiar with equities and FOREX, will agree to the fact that the volatility in equity market is unmatched and so as the leveraged in FX market. Bitcoin currently provides the rare combination of experiencing the volatility of equity market combined with the leverage of FX market.
Bitcoin is traded 24 x 7 globally and the volatility ranges from 5 to 10% easily on many occasions. Currently the leverage provided by the broker ranges from 3 times to 10 times. Since the market is fully functional on Saturdays and Sundays, the working professionals also can give a try on weekend Bitcoin trading.
Few companies which are currently providing leveraged trading are
Atriol UK Limited
OKCoin
Bitfinex
FXopen
Many forex brokers are in the making of releasing a Bitcoin trading product.
I would like to invite all FOREX traders to start a healthy discussion on leveraged Bitcoin trading so that new traders can get more information about the digital world which we are entering in to.
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