Is Bitcoin trading similar to Forex and Stock tradings?

Capitalizing on the incredible rally in blockchain asset prices, FX brokers increasingly offer Bitcoin as CFDs.

Bitcoin traders look to make profit by speculating on which way bitcoin’s price will go, it is just like taking positions in FX, stocks and commodities.

Bitcoin has caught the eye of global investors who have witnessed a rapid rise in the price of the digital currency.

The allure of bitcoin lies also in its volatility which makes it appealing to short term and Algo Forex traders.

While daily movements in Forex rarely exceed 1% in any currency pair, Bitcoin’s daily movement is usually around 4%.

Posted by Maria Sanchez

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Maria is an expert of financial markets, bringing all the information from English to Spanish for a better understanding of the online traders. She is also a day trader with experience in developing trading strategies that generate profit while minimizing risk and working under high pressured environment. While being a portfolio manager by herself, she focuses on marketing and consultancy of financial and Insurance products.