You hear about it on the news. You see it all over the internet. Bitcoin. Its rise to fame has impressed financial experts and traders around the globe, but how did this elusive cryptocurrency suddenly become a household name? Check out this infographic to see the history of bitcoin explained.
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With values eclipsing $15,000 apiece, Bitcoin has seized the attention of the financial community and transformed many skeptics into enthusiastic participants. The surrounding buzz has given rise to deep cash markets and exceptional volatility — two characteristics especially attractive to traders and investors. In order to satisfy public demand for all things Bitcoin, the CME Group, Cboe, and Nasdaq decided to launch standardized Bitcoin derivatives.
The ascension of Bitcoin into the financial mainstream has brought a new asset class known as cryptocurrencies into the spotlight. Functioning as exclusively digital forms of money, cryptocurrencies facilitate both commerce and trade through the implementation of advanced blockchain technology. This versatility fosters differing views pertaining to their classification as either commodities or currencies.
Large groups of traders have capitalized upon the boom in bitcoin trading in the spot, CFD, and futures markets. In an environment that is best described as “turbulent,” discipline and dedication are two indispensable prerequisites for success. Here are five tips for turning the inherent volatility of Bitcoin trading in your favor.
The rise of bitcoin has drawn the interest of individuals from around the globe. Along with being a viable mode of exchange, Bitcoin has become a favorite target of traders and investors worldwide.There are three primary methods of Bitcoin trading. Each offers a unique degree of consumer safety.
Don’t trade with a blindfold, trade with a plan! Managing risk equals having a plan, and there are 3 important points to keep in mind before entering a trade. Develop a plan, Stick to your plan, and Adjust your plan if the trade is profitable.
Learn how to use and interpret the Moving Average Ribbon indicator!
Learn how to calculate and interpret the True Strength Index indicator!
Buying on support and/or selling against resistance are not new concepts. Chances are you have traded on both of these ideas. But what about the times when you were wrong? What happens to the price action after you were stopped out? Was there a trading opportunity missed?
The Commitment of Traders (COT) Report is conducted by the Commodity Futures Trading Commission (CFTC) detailing the open interest in each futures and options on commodities markets containing 20 or more traders holding position sizes large enough to meet the CFTC’s reporting level.