Use your BTC and USDT for further trading

Do you have Bitcoin (BTC) or Tether (USDT) that you don’t know what to do?

Do you want to use them to trade Forex, Precious Metals, Stocks, Commodities, Stock Indices and Cryptocurrency pairs?

Today, there are many Crypto exchanges and brokers that accept Bitcoin (BTC) and Tether (USDT) deposits.

And with many of these brokers/exchanges, you can trade various financial markets such as Forex, Precious Metals, Stocks, Commodities, Stock Indices and Cryptocurrency pairs, as mentioned above.

Owning Cryptocurrency assets in your wallets is also a moderate and common investment method.

And for investors who seek higher returns, margin trading by using their own Crypto assets, can be a preferable option.

There are many new and innovative services, brokers and exchanges that you may be missing out.

Stay informed with Cryptoarmy.io where you can follow the latest market trends and important events.

For the Forex, CFD and Crypto brokers/exchanges that accept Bitcoin (BTC) deposits, go to the page below.

Deposit Bitcoin to Start trading

For the Forex, CFD and Crypto brokers/exchanges that accept Tether (USDT) deposits, go to the page below.

Deposit USDT (Tether) to Start trading

7 Tips for You to Start Trading Cryptocurrencies

Bitcoin (BTC) has gained popularity as a means of protecting assets in uncertain economic conditions, and its presence has recently increased as a valuable asset.

Other cryptocurrencies (crypto assets) such as Ethereum (ETH) and Ripple (XRP) are widely used for international transactions, blockchain business use, and security.

Apart from the market price, investors check the “unique” brand value of cryptocurrencies (cryptographic assets) when making transaction decisions.

This brand value also includes decentralized networks, encrypted code, and overall technology.

Speculation on the future of these technologies is reflected in the market capitalization of the market, which amounted to 336 billion yen as of September 2020.

However, cryptocurrencies (cryptocurrencies) are very unstable assets, and therefore certain knowledge and careful strategic plans are required to trade cryptocurrencies (cryptocurrencies).

Now, we would like to introduce some advice for beginners who are about to start cryptocurrency (cryptocurrency) trading.

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2. Do research to choose cryptocurrencies

First, let’s understand the factors that influence the price of virtual currency (cryptographic assets) and the cryptographic technology that is the basis of virtual currency (cryptographic assets).

Beginners are advised to start with well-known coins such as Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP), which are relatively easy to cash in and can be applied to real-life cases.

Demand and prices will rise as major companies and industries adopt cryptocurrencies (cryptocurrencies).

Be aware that the latest market information and breaking news can affect price trends.

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2. Understand the basic concept of trading

It is important to familiarize yourself with concepts such as leverage, spreads, position sizes and swap rates before you start trading.

Familiarity with these concepts will allow you to make informed decisions and develop your trading strategies accordingly.

The exchange should be the exchange that offers the minimum spread and the maximum leverage, and the trading method should be the virtual currency (cryptographic assets) FX (contract for difference).

These factors make a difference between transaction costs and long-term returns.

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3. Ignore FOMO (Fear of Miss Out)

An abbreviation for FOMO (Fear Of Missing Out), which means “anxiety about missing out.”

FOMO (Fear of Miss Out) is a major factor in driving cryptocurrency (cryptocurrency) transactions.

It is an undeniable fact that cryptocurrencies (cryptocurrencies) are based on valuable technologies that have a high potential for the future of financial systems.

However, the market is often controlled by “whales” who move around in the cryptocurrency (cryptocurrency) space with a large number of cryptocurrencies they hold and make waves everywhere.

These whales are a small group of large investors who sometimes control most of the cryptocurrency (cryptocurrency), influence its price, and sometimes even overvalue the currency.

Don’t invest emotionally.

Before you start trading, do some in-depth research and technical analysis to uncover future price trends.

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4. Control your leverage

In cryptocurrency (crypto assets) Forex, you can increase the potential profit by leverage trading, but when the market moves in an unfavorable direction, the loss also increases by leverage.

Before starting a transaction, it is important to think carefully about the risk characteristics and return characteristics.

This will allow you to determine the maximum line of loss you can afford to lose based on your long-term investment goals.

With these preparations in advance, you will be able to determine leverage, position size, choice of currency pair, and strategy.

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5. Risk management in all aspects of trading

There are two types of risks that should be managed when trading virtual currencies (cryptocurrencies).

First, there is the risk of uncertainty.

Cryptocurrency (crypto assets) prices are especially volatile, so you have to protect your position against downside risks.

Ordering methods such as loss cuts and profit-taking can prevent the loss of original assets and prevent you from continuing to lose positions.

Second, there is the risk of hacking and theft on the exchange.

Cryptocurrencies (cryptographic assets) are digital assets that are stored in wallets on your computer, and these wallets are often hacked or stolen.

Past theft damage was caused by the fact that the private key that manages the trading authority held by the exchange was stored on a server with an Internet connection.

Therefore, asset management of virtual currency (cryptographic assets) is required to be performed on an offline server.

Make sure your computer is sanitized and safe with anti-virus software, compatible with your wallet, and stored in your multi-signature wallet.

Don’t forget to set up two-step verification when backing up your code to secure offline space.

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6. Make a clear strategic plan for your transaction

Well-developed strategies do not involve emotions in decision making.

As the basis of your trading strategy, you need to have a good understanding of your trading style and potential losses and profits, and then build on realistic investment goals.

To create a trading strategy, you need to consider these factors.

・ Which virtual currency (cryptographic asset) pair to choose
・ Investment/withdrawal strategy
・ Technical analysis tools and signals
・ Loss cut and profit-taking level

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7. Don’t Underestimate the Role of High-Performance Trading Platforms

Choose a stable and feature-rich platform to gain a wealth of trading experience.

Platforms like MetaTrader 5 (MT5) have comprehensive technical analysis capabilities, order and risk management, and market research options.

There is no doubt that traders interested in backtesting automated trading and trading strategies will be fascinated by the rich features of this platform.

Support from well-established exchanges is invaluable when trading volatile digital assets.

The market is unpredictable and therefore an exchange platform offering a wide variety of portfolios is essential for long-term profit-seeking traders.

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