What Is Bitcoin?
Bitcoin is a cryptocurrency, a form of electronic money. Cash, as we know it, is made of paper, bitcoins are clumps of data. Scrapping the bank or governmental middle man that acts as an intermediary for your money, cryptocurrencies enable the transfer of money directly between individuals, utilizing secure blockchain technology.
The blockchain is a secure ledger of transactions. Digital coins can be mined by processing complex mathematical algorithms.
The blockchain network records each transaction, securing the entire process – but crucially – speeding it up. Charges are made per transaction.
Why Day Trade Bitcoin with Tradersforte?
Exciting and Fun – With swings of over 10% in a matter of hours, this volatile market gives you the chance to find traceable action, and a potential profit for a savvy bitcoin day trader. it’s an exciting crypto signal trading company to day trade in.
Potential for Leveraged Trading – Tradersforte bitcoin exchanges offer leveraged trading, which could give you greater exposure to upside and downside price risk than your trading budget may normally allow.
Universal access – You can start day trading bitcoins anywhere in the world, anytime and any day. All you need is an internet connection. And because you are day trading, you don’t need to have a long-term view about whether cryptocurrencies will succeed. You can dive into the cryptocurrency trading company with just a few dollars or pounds.
Low Day Trading Bitcoin Fees and Taxes – Compared to many traditional exchanges, bitcoin focused exchanges offer low fees and minimums.
Go Long or Short – Each day is different, you can be bullish and bearish the same week.
To actually own bitcoin, you need a digital wallet to store your cryptocurrency and Tradersforte offers higher levels of security than most and is backed by large, regulated brokers.
What You’ll Need to Start Trading
Now you understand why to trade and what you’re trading, but here’s a little more detail on the how – it’s a step by step guide for “Trading Bitcoin for Beginners”
How to Trade Bitcoin
Step 1 – Find out the price
One of the first things you’ll need to know is what the price is. To do that you’ll need to head over to an index or broker to see the latest traded value. You can also use orders – open orders or limit orders – to enter the market at the point you want to.