There are two ways to earn Bitcoin - trading

BitCoin Trading Strategy

There are two ways to earn Bitcoin - trading

If there is no crypto currency, someone needs to invent them. In fact, the price changes for Bitcoin are larger than those currency pairs such as the EUR / USD, USD / JPY and other currencies. As the price of Bitcoin changes drastically, it means you can earn more and more profit sooner.

Crypto currency trading with FBS is easy. You can trade with Bitcoin, Light Coin, Ethereum and Dash USD, just like any currency pair uses meta-trading.

To maximize your chance of success, you will need to be an administrator. In this article, we will explain two methods that will help you become a master at the bitcoin trade. Choose one and start earning.

1. Follow the news

BitCoin does not normally follow any economic calendar news. You need to follow the specific news about BitCoin. This type of news has a longer impact than economic news, such as the payroll of the US new farm. For a moment, if you learn that many millions of funds have been invested in bitcoin, focus on buying crypto currency over the next few days. If a big crypto currency is hacked, consider selling bitcoin.

Let's illustrate this idea with examples. Butt Coin Price made a turn-up in early April. Crypto currency advance is due to several reasons. First of all, the Bitcoin complaint was announced through Sharia law. Second, there were reports that well-known investor George Soros was interested in investing in crypto currency. Additionally, traders were looking at World Block China Farm, which is scheduled to take place in Dubai on April 16-17. The positive news is that the crypto currency increased by 30 percent this month.

Then, however, new elements arrived. Microsoft's search engine binge joined the ranks of other Internet giants, and they banned crypto currency aids in July 2018 from their network. The red arrow indicates bit coin sales. There is a negative trend going on so far.

Note that this strategy requires specific websites and blogs, which track events linked to BitCoin. You need to filter out really noisy news that doesn't lead to any trends.

2. Trading from a technical analysis

The technical trading bits can be a great source for coin trading ideas. We do not recommend scalping or, in other words, trading in short time periods. Consider a time frame that surpasses the H1 as it allows for the best out of the market.

BitCoin moves in trends. The best trading strategy is to select a trending trading system for BitCoin. This can be as simple as a moving average based trading or a combo of EMEs.

Here is an example of a bitcoin trading strategy.
Timeframe: H4
Indications: 200, 26 and 12 EMA (Exponential Moving Average)

The strategy creates sales indicators when:

1. The market is trending lower. Price must be below 200 EMA (orange line on the chart).

2. 12 EMA (red line) goes below 26 EMA (blue line).

Take profits when the price goes back or hits a 12-period EMA. Make a stop sign at the upper end. Don't forget to organize the money. Reverse for purchase trade

Tip One: Trade different crypto currencies

To reduce risk and increase profits while trading crypto currency, spread your money among these hundred. Different crypto currency has different purposes. For example, BitCoin and LightCoin directly act as currency. Ethereum is a decent application platform, while Dash is focused on the privacy of its users. All these crypto currencies are very flexible and marketable, and you can trade them on FBS. Picking up crypto currency from different industries shows prudence: If anyone goes to the moon, you will be ready!

The result is simple: spread, follow the news, and use the technical analysis to make a profit on crypto currency!