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Bitcoin is obviously a popular asset to trade, and there are several ways to buy and sell bitcoin. Trading bitcoin through Forex brokers is now possible as long as you find a broker with the service. Fortunately, a number of them do, allowing you to trade bitcoin. Trading bitcoin through Forex brokers has its advantages and disadvantages, some of which include:. Trading bitcoin through Forex brokers eliminates this concern because they will already have trading platforms.

It is even more efficient if you do more than bitcoin tradingbecause then you can do all your trading on one platform. For example, you can trade ctrader brokers that currently support bitcoin while placing Forex trades simultaneously, which is a very efficient way ctrader brokers that currently support bitcoin invest compared to the alternative. When trading bitcoin through Forex brokers, though, you enjoy the same leverage offered when trading the Forex market.

Therefore, you can trade more bitcoins through Forex brokers than through a bitcoin exchange. Certain Forex brokers like Plus even offer bitcoin CFDs, which only track the performance of bitcoin.

As such, these CFDs require an even lesser deposit, allowing traders to trade even more bitcoin and higher leverage to increase their profits even further.

Despite all the advantages of trading bitcoin through Forex brokersthere are ctrader brokers that currently support bitcoin downsides which would make direct trading through an exchange more favorable. The brokers who offer bitcoin trading, or bitcoin CFDs as it may be with Pluswill have to deduct some charges, either as a spread or commission.

In the case of Plus, they impose a spread on all tradable instruments without charging an extra commission. Spreads on Forex pairs, especially the major pairs, are usually very low, but bitcoin and other CFDs will be slightly higher.

There are also other charges such as those for holding trades overnight. All these build up over time making trading bitcoin through Forex brokers costlier, although only by a small margin. There are hundreds of bitcoin exchanges around the world, and their values of bitcoin will be slightly different from one another. With a Forex broker offering bitcoin trading, you would have to accept the exchange they use.

It would strip you of a choice, and you may have to settle for less than favorable quotes. Stay ctrader brokers that currently support bitcoin to date with the financial markets everywhere you go. Trading bitcoin through Forex brokers has its advantages and disadvantages, some of which include: Disadvantages Despite all the advantages of trading bitcoin through Forex brokersthere are also downsides which would make direct trading through ctrader brokers that currently support bitcoin exchange more favorable.

Increased cost of trading The brokers who offer bitcoin trading, or bitcoin CFDs as it may be with Pluswill have to deduct some charges, either as a spread or commission.

Get Started with Plus Today. Comments 1 comment s Click here to cancel reply. Leave a comment Vladislav Ilnitskiy. Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go. Sign up for updates. View ICO See whitepaper. The Bank of Finland issues a report criticizing cryptocurrencies. Wan Analysis - Nice bullish setup. Factom Analysis - Nice opportunity to buy.

Aion Analysis - Another Head and Shoulders pattern. Get the most recent news at your inbox.

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Probably on many cryptos, pain by now starts to be unbearable. That can be actually another bearish factor: Hard to find a way out of it. Today is a bit better but is seems that this is just a dead cat bounce. That was the lowest point of the day. The target for the current wave is the USD blue , which was an important level in October, November and February.

By the way, was the current drop expected? Yes, in our analysis from Monday we wrote:. The aim stays the same USD but first, the price needs to break the lows from the 17th of March, which can be quite challenging. To wrap that up, Bitcoin is still in a negative territory.

Current hammer has rather a small potential to stop that drop and I think that the blue line should be eventually reached. Most recently on Tuesday, when we wrote:. Our view stays the same, the test of the USD seems imminent.

What was imminent, became a reality. Is it a coincidence that the price is on this support and tries a reversal by creating a pin bar? This may also be the influence of the end of the month and quarter or even end of the week, like on the Forex market many market participants close their positions before the weekend. If we will get a bullish reversal candlestick pattern, chances for a reversal will rise. The last time we wrote about NEM, we were on the top of the bullish correction.

That moment was tricky. After such a strong correction, many traders had an illusion of a sustainable bullish reversal. When the NEM was trading around the 0. Get an account with plus and trade all possibles types of CFDs: From the moment, when we wrote those words, XEM was going only lower!

We broke the 0. Current target is the 0. Stay up to date with the financial markets everywhere you go. Bitcoin, Ethereum and NEM. Yes, in our analysis from Monday we wrote: Ethereum reaches the target Eagle has landed.

Most recently on Tuesday, when we wrote: Comments 0 comment s Click here to cancel reply. Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go. Sign up for updates. View ICO See whitepaper. The Bank of Finland issues a report criticizing cryptocurrencies. Wan Analysis - Nice bullish setup. Factom Analysis - Nice opportunity to buy. Aion Analysis - Another Head and Shoulders pattern.

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