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What is cryptocurrency trading
Cryptocurrencies such as Bitcoin and Ethereum are decentralised digital currencies on the blockchain.
Some of the things that cryptocurrencies have in common include:
- Decentralisation – The decentralised nature of cryptocurrencies means that no single government body or financial authority has control over them
- Blockchain technology – All cryptocurrencies use a variation of blockchain technology (a kind of public ledger) to score records of each transaction.
- High level of security – Each cryptocurrency transaction is secured through advanced cryptographic techniques that make it almost impossible to counterfeit
Trading cryptocurrencies on our MetaTrader 5 platform means taking a position on a cryptocurrency pair when you expect it to rise or fall in value so you can make a profit when your prediction is correct.
How to trade cryptocurrencies
Trade Bitcoin, Ethereum, and Litecoin pairs without owning them. Our cryptocurrency pairs quote a cryptocurrency such as Bitcoin against a fiat currency, such as the US dollar.
Similar to Forex trading, you must understand when to buy (or “go long”) and when to sell (or “go short”). In Forex trading, you’ll buy a certain currency pair if you think the value of the base currency will rise. The opposite is also true: you will sell a certain currency pair if you think the value of the base currency will fall.
The same concept applies to our cryptocurrency pairs.
Let’s compare the differences between buying and selling, using the BTC/USD as an example:
- You’re buying the BTC and selling the USD
- You expect the BTC to rise in value so you can sell it back for a profit
- Buy = go long
- You’re selling the BTC and buying the USD
- You expect the BTC to fall in value so you can buy it back at a lower price (and make a profit)
- Sell = go short
In a nutshell, when you go long on the BTC/USD with Binary.com, you are not purchasing bitcoin directly. Instead, you’re taking a position that the BTC/USD will rise in value whereby you will make a profit. If you go long on the BTC/USD and its value falls, then you will make a loss.
Cryptocurrency margin policy
Margin allows you to trade on leverage – meaning your existing capital can give you a much higher level of market exposure.
For example, if you wanted to purchase 100 units of a particular asset that’s trading at USD 50 per unit through a traditional broker, it would typically cost you USD 5,000 for this transaction.
However, with leverage you can purchase those 100 units at a fraction of the typical cost – depending on the leverage afforded to you by your broker or trading platform.
How to calculate margin
You can determine the margin for our cryptocurrency pairs by using the formula below:
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For example, if you wanted to buy one volume of the BTC/EUR cryptocurrency pair at a price of USD 4831.400 and at a margin rate of 10%, the margin that you need to purchase one lof of BTC/EUR will be calculated as follows:
What’s a margin call and how is it applied
Equity is the sum of your balance and floating profit and loss (PnL). Margin level is the ratio of equity to margin. When that ratio reaches a specified percentage (usually 100%), your account will be placed under margin call. This does not affect your ability to open new positions; it serves to alert you that your floating PnL is moving lower. However, it is recommended to add funds to your account in order to keep your positions open. Alternatively, you may close losing positions.
What’s a stop out level and how is it applied
If your margin level reaches an even lower level (usually 50%), it will reach the stop out level where it is unable to sustain an open position. This will lead to some, or all your open positions being forcibly closed (also known as “forced liquidation”).
When your account hits the forced liquidation level, your orders and positions are forcibly closed in the following sequence:
- We delete an order with the largest margin reserved
- If your margin level is still under the stop out level, your next order will be deleted. However, orders without margin requirements will not be deleted
- If your margin level is still under the stop out level, we will close an open position with the largest loss
- We will continue to close open positions until your margin level becomes higher than the stop out level
Cryptocurrency contract specifications and commission scheme
|Symbol||Description||Lot size||Minimum volume||Volume step|
|BTC/USD||Bitcoin vs US Dollar||1||0.01||0.01|
|ETH/USD||Ethereum vs US Dollar||1||0.10||0.01|
|LTC/USD||Litecoin vs US Dollar||1||0.10||0.01|
|BCH/USD||Bitcoin Cash vs US Dollar||1||0.01||0.01|
|XRP/USD||Ripple vs US Dollar||1||100||100|
|DSH/USD||Dash vs US Dollar||1||1||1|
|EOS/USD||EOS vs US Dollar||1||1||1|
How to read the contract specifications table
Each time you open a position on a cryptocurrency pair, you can start with a minimum volume as indicated in the table above.
To learn more, read our Margin Policy that further explains our margin requirements.
Commission and swap scheme
|Symbol||Description||Commission per side trade||Swaps Long (per annum)||Swaps short (per annum)|
|BTC/USD||Bitcoin vs US Dollar||0.50%||-20%||-20%|
|ETH/USD||Ethereum vs US Dollar||0.50%||-20%||-20%|
|LTC/USD||Litecoin vs US Dollar||0.50%||-20%||-20%|
|BCH/USD||Bitcoin Cash vs US Dollar||0.50%||-20%||-20%|
|XRP/USD||Ripple vs US Dollar||0.50%||-20%||-20%|
|DSH/USD||Dash vs US Dollar||0.50%||-20%||-20%|
|EOS/USD||EOS vs US Dollar||0.50%||-20%||-20%|
How to read the commission and swap scheme table
Each time you send us an order, you are charged a commission, which is equal to the asset price multiplied by the percentage seen in the above table.
Partner With Us
In the EU, financial products are offered by Binary Investments (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta, regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156).
Outside the EU, financial products are offered by Binary (SVG) LLC, Hinds Building, Kingstown, St. Vincent and the Grenadines; Binary (V) Ltd, Govant Building, Port Vila, PO Box 1276, Vanuatu, regulated by the Vanuatu Financial Services Commission (view licence); Binary (BVI) Ltd, Kingston Chambers, P.O. Box 173, Road Town, Tortola, British Virgin Islands, regulated by the British Virgin Islands Financial Services Commission (licence no. SIBA/L/18/1114); and Binary (FX) Ltd., Lot No. F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Labuan, Malaysia, regulated by the Labuan Financial Services Authority to carry on a money-broking business (licence no. MB/18/0024).
This website’s services are not made available in certain countries such as the USA, Canada, Hong Kong, Japan, or to persons under age 18.
The products offered via this website include binary options, contracts for difference (“CFDs”) and other complex derivatives. Trading binary options may not be suitable for everyone. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, the products offered on this website may not be suitable for all investors because of the risk of losing all of your invested capital. You should never invest money that you cannot afford to lose, and never trade with borrowed money. Before trading in the complex products offered, please be sure to understand the risks involved and learn about Responsible Trading.
In the EU, financial products are offered by Binary Investments (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta, licensed and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156).
In the Isle of Man and the UK, Synthetic Indices are offered by Binary (IOM) Ltd., First Floor, Millennium House, Victoria Road, Douglas, IM2 4RW, Isle of Man, British Isles; licensed and regulated respectively by (1) the Gambling Supervision Commission in the Isle of Man (current licence issued on 31 August 2020) and by (2) the Gambling Commission in the UK (licence reference no: 39172).
In the rest of the EU, Synthetic Indices are offered by Binary (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta; licensed and regulated by (1) the Malta Gaming Authority in Malta (licence no. MGA/B2C/102/2000 issued on 01 August 2020), for UK clients by (2) the UK Gambling Commission (licence reference no: 39495), and for Irish clients by (3) the Revenue Commissioners in Ireland (Remote Bookmaker’s Licence no. 1010285 issued on 1 July 2020). View complete Regulatory Information.
Binary.com is an award-winning online trading provider that helps its clients to trade on financial markets through binary options and CFDs. Trading binary options and CFDs on Synthetic Indices is classified as a gambling activity. Remember that gambling can be addictive – please play responsibly. Learn more about Responsible Trading. Some products are not available in all countries. This website’s services are not made available in certain countries such as the USA, Canada, Hong Kong, or to persons under age 18.
Trading binary options may not be suitable for everyone, so please ensure that you fully understand the risks involved. Your losses can exceed your initial deposit and you do not own or have any interest in the underlying asset.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Bitcoin Binary Options
The entry of Bitcoin into the world of digital payments has paved a way for other crypto-currencies to emerge as well. And whether you see it or not, the future of Bitcoin is as bright as the sun. Soon enough, Bitcoin will become a commodity and a standard form of money that people can widely use to pay for any of their purchases.
Bitcoiners are taking good care of their bitcoins because they believe that Bitcoin prices will skyrocket soon. For this reason, many Bitcoin owners are now opting to use Binary Options to improve their Bitcoin investments as much as possible.
Bitcoin will without a doubt become a mainstream currency in the near future. Trading binary options today will help you get the most out of your precious Bitcoins tomorrow. If you are not familiar with binary options, read along to know the basics, the drawbacks and more importantly its benefits.
What are binary options?
Binary options is a type of option wherein investments can turn into fixed amounts at a certain time frame or it can turn into nothing at all. Binary options allow traders to predict the volatility of assets whether the prices will rise or fall at a certain period of time. If the binary options prediction is correction, then traders will harvest profit. Otherwise, if the binary option prediction is incorrect, then the investor will incur an investment loss. Another form of the same thing are Bitcoin Prediction Markets – which are not limited to stocks or currencies – you can predict virtually everything.
Binary options basically means that you can either buy an option when the prices are up or when the prices are down for a given time. Binary options trades involve all or nothing bets.
Investors have the chance of possibly maximizing their investments if they make the right options. If their predictions are incorrect then they’ll lose everything they bet on. That is why binary options is also dubbed as all-or-nothing options, digital options and Fixed Return Options.
How does trading in binary options work?
Trading in binary options is pretty simple if you already understand how things work. You need to first select an asset you want to invest in and then make a prediction on whether that asset’s price will go up or down at some point in time.
Once you have decided on how to attack the assets, you then make a deal with the broker you are working with. After selecting the amount you want to risk, the broker will then provide you with projected profit (usually a percentage ranging from 60-90%) if your predictions are correct, otherwise you will lose everything you invested. So binary options trading is much simpler than regular crypto currency trading – but it also has the downside that there is just a option of win or loose your whole “portfolio”.
The best thing about binary options is that everything is initially laid out before you even commit to trades. So you really know what you’re getting yourself into before you invest any amount into an option.
The thing to remember when trading binary options is that there are expiry times that will ultimately work best for you. Depending on your preferences, you can trade for a short period of time or longer. The maturities of options will also vary depending on how long you set the expiry time to – you can set it to 60 seconds, 5 minutes or for hours whichever suits your option commitments. Once the binary options trade is locked in, all you need to do is wait for your options to mature.
Why use Bitcoin for binary options?
Bitcoiners who don’t want the effort to learn profitable trading on the crypto exchange markets, can take advantage of binary options to ease trading Bitcoins and turn their investments into profit. Trading Bitcoins using binary options can be d one through an online platform which makes transactions a lot easier and more convenient. Bitcoiners can trade any amount anonymously whenever and wherever they want to. That’s the best thing about all-Bitcoin binary options platforms – they facilitate anonymous trading activities.
There are different types of investments you can do with binary options.
Call and Put Options
The most common type is the Call and Put option. “Call” investments are when you predict that the price of the asset will rise at a certain time frame. “Put” investments on the other hand are assets that are predicted to fall in prices at certain point in time. Bitcoiners can choose to either place a Call or Put option investment through a binary option platform or brokers that accommodate Bitcoin trades.
One Touch Options
One Touch options on the other hand are high yield options. When trading using the One Touch method, you must be certain that the price of the asset you invested in will touch or even exceed the predicted price while the trade is still live. Otherwise, the amount invested will be lost. The main advantage of using such trading method is that expiry times usually run up to a week so there’s ample time for the prices to reach a touch scenario.
Range trading, sometimes called boundary option, is another binary options trading method that feature high returns in all market conditions. Range trading works by betting money with a given price range or boundaries. The investor either select whether the price will hit ‘in’ or ‘out’ of the price boundaries. Investors will profit or lose investment upon maturity depending on whether the price touched or did not touch one of the set boundaries.
10 Minute Options
Another common type of binary options trade is the 10 Minute options. Binary options brokers usually set their default time limit to 10 minutes. With such trading options everything must be extremely calculated – meaning you need to be familiar with the daily price movements in order to get the most out of your investments.
60 Second Options
60 second options are also popular but they offer lower investment returns since the trades are done in a fast paced state.
Long Term Option
Long-term binary options are much more preferred because they offer lesser risks. Traders will also have more time to analyse the movement of the prices with longer binary option commitments.
What are binary options brokers?
Bitcoiners can trade Bitcoins by using binary options brokers to facilitate trading activities. Since Bitcoin is now growing in popularity, many brokers have already added the crypto-currency to their assets.
Before you start trading for Bitcoins though, you need to first know the different types of brokers that can help you deal with all kinds of technical stuff about binary options and Bitcoins as well. Combining binary options and Bitcoins together will give you a headache but with the right binary option broker, things should be a lot easier to understand and follow. Note that not all binary option brokers trade for Bitcoins so it is important to determine which ones accept the crypto-currency and which don’t.
There are basically two kinds of Bitcoin binary options brokers: (Type 1) The ones that use Bitcoin as the sole medium of exchange, and (Type 2) those that use Bitcoin as the underlying asset. Type 1 Bitcoin Binary Option Brokers are those brokers that specifically trade for Bitcoins. If you have Bitcoins, you’ll want to trade using the Type 1 broker so as to maintain your privacy.
What risks are involved in trading binary options?
Like any other type of trading or gambling, binary options has its own pros and cons. Risks are a great part of trading in binary options. If you don’t like taking risks, then you won’t enjoy trading in binary options.
The risks you will encounter when trading in binary options are the following: market risk, fixed profits, high probability for loss, illiquid and unregulated (well, most brokers are). Since the market mightmove in a different direction without any warning, binary options predictions may not exactly go as planned or as analysed. And even if the market do pinpoint exactly to the movement you predicted, the gains are fixed profits – meaning, you get a fixed amount even if the broker makes more from your investment.
The biggest risk when trading binary options is the sparse regulation with such trading system. If you get involve with a broker that run unscrupulous practices, then you immediately incur an investment loss.
To minimize the risk of trading binary options, you need to choose a binary options broker that already has a reputation of providing protection rate and would help limit your losses. Make sure that you really like the broker’s platform and services / features before you work with him or her. This way, you will have the confidence of trading binary options knowing that you can control the risks that comes with it.
Is binary options investing or gambling?
When trading with a binary options broker, the investors are actually trading against that broker. Meaning, when the investors make a profit, the binary options brokers meanwhile loses money. Thus, trading binary options is both an investment and a way of gambling like bitcoin poker or bitcoin sport betting is, too.
Binary options is an investment in a sense that you can be profitable if you choose the right options. Binary options trades involve gambling because you either win big or lose everything.
It doesn’t really matter what binary options actually is – whether it’s profiting through investing or gambling is not the real concern here. What’s the real issue is which trading brokers are legit and which ones are scams.
If online gambling is forbidden or restricted in your country, chances are high that binary options might be illegal too – but its up to you to figure that out in your specific country. But as theres no way to restrict bitcoin transactions, you can of course use a VPN service to get a IP from another country and trade binary options over the VPN connection. Make sure you dont use a USA or UK IP address because these are the countries where most binary option brokers themselves have restrictions for the users. Of course, if you are from the US or UK, you know that already.
Can I trust my broker?
Binary options brokers are not easy to find – reliable binary option brokers for that matter. There are a lot of so-called binary option brokers on the internet today but most of them are actually scam artists. Which is why it is important to scrutinize the binary options brokers before you start trading with them.
There are precautionary measures that investors can do to make sure that they only transact with a credible options broker. First of all, don’t ever trade with a broker that operates in a country that does not have strong regulatory system. Make sure that the broker you engaged with operates within the jurisdictions of a country that acknowledges binary options trades.
The rule of thumb is if the binary options broker has a lot of complaints about him, then he is probably not a good broker to trade with so avoid using his services at all cost. Consider any negative comments as a warning sign indicating that the broker might be a scam artist or simply an incompetent binary options broker.
What better way to determine the credibility of the binary broker than to give his services a test run – that is if the broker is willing to offer you a trial test. See to it that the broker’s platform suits your binary options strategies. Most binary options brokers are registered with reputable companies and they are more transparent with their operations.
Investors may also check out forums to see any discussions about binary options scams. There are a lot of information you can get via forums and chat rooms from people that have Bitcoin binary options experience.
Is there really a best binary option strategy?
Investors can get better investment outputs by using a specific binary options strategy to improve their chances to be profitable. Note that there is really no perfect strategy and success will always depend on the economic stability. These binary options strategies are basically guides to help investors foresee how their investments will turn out.
One binary options strategy involves “Calling” or “Putting” at the best possible time. There is also the strategy of “right timing” to generate profit regardless of how skilled or not the trader is. A strategy that basically focuses on economic statistics can also help traders get better investment returns. Certain tools are also provided by the brokers to give the investors projected positions of their assets and their prices at a given time frame.
The simplest way to improve your chances to be profitable is to tune in to financial news and check out the market figures yourself. Use your technical analytis skills to determine which assets or stocks are making profit and then use such information to make the right binary options investment.
The best strategy to use is the combination of all binary options strategies. Remember that binary options involve risks so using all the possible strategies will surely provide investors with better trade outcomes.
How can I trade anonymously with Bitcoin?
To ensure that there are no money laundering and fraud taking place, registered and licensed binary options brokers need to confirm the identities of all their customers. This is an industry process called the “Know Your Customer” (KYC).
Since most brokers would ask investors / traders to provide a form of identification, those who want to maintain their privacy wouldn’t be able to trade with such brokers unless they compromise their identity.
Which providers allow deposit in Bitcoin?
The best way to avoid identity verification is to make use of binary options brokers that only accept Bitcoin as the mode of payment / deposit process. There are various Bitcoin-only binary options brokers out there which traders can use to start growing their investments.
Some of the all-Bitcoin binary options trading platforms include Trade Rush, AnyOption, Beast Options and Fortune Jack among others. Use these brokers to maintain your anonymity while trading Bitcoins. Here’s a list of brokers that accept Bitcoin deposits and withdrawals.
If you dont have any bitcoins yet, there are several ways of getting them. The easiest way is to buy bitcoins with creditcard at one of these websites.
Are Bitcoin binary options against the law?
So far, Bitcoin gambling is still legal in most countries. There are still no specific laws governing the activities associated with Bitcoin gambling. Brokers that accommodate Bitcoin trades exist because they operate within a jurisdiction where Bitcoin gambling / investing is legal.
As long as a Bitcoin binary options operator has a legit operating licence regardless of where it is based in, investors can be assured that all trading activities are 100% regulated. For Bitcoin platform operators, most of them have licences issued in Costa Rica, Eastern Europe and in Panama City.
For whom is binary options useful for?
Binary options isn’t for everybody. If you don’t like taking risks, then binary options is definitely not for you. Know that the price you’ll get with binary options is either $0 or with a maximum payout of up to 90 percent.
If you would like to invest into something that will give you high return on investments at a short period of time, then consider trading binary options. You don’t need to trade big too, most binary options brokers accept small bets to allow traders to get a feel of how their binary options platforms work.
With binary options, you can multiply your Bitcoins as long as you stick with a strategy that works. Remember, binary options involves prediction, timing, volatility and risk so simply use licenced binary options operators to avoid the hassle of being scammed or tricked by an unlicensed broker.
Cryptocurrency Trading and Binary Options
Cryptocurrencies have rapidly crashed, not only in the course of a person’s life but in the sphere of the financial market and investment activities. In spite of the initial skepticism regarding cryptocurrencies and Blockchain, these innovative currencies have become one of the most attractive investment opportunities to quickly turn a profit. However, many private investors don’t allow themselves to invest in this resource, first and foremost, due to the high cost of cryptocurrency. Due to this, we recommend that you consider specific trading alternatives, which enable you to earn a good profit off investments in cryptocurrencies. In particular, we will outline the simple methods for dealing with cryptocurrency rates and acquainted you, in detail, with the principle for trading cryptocurrency binary options.
How can you profit off of cryptocurrencies?
Before you begin trading on the binary market, we suggest investigating the types of approaches accessible to the average private investor speculating on cryptocurrency market? This not only enables you to select the most suitable and attractive trading method for investing, but it also allows you to gather information on the profitability of different methods for investment in the cryptocurrency market. Let’s begin with the most legal, regulated services:
At the end of 2020, American financial regulars decided to release futures and options contracts on the main trading platforms, the CME and the CBOE. However, these financial market speculatory tools are accessible only to a limited number of large system investors. Private cryptocurrency traders are enthusiastic about this fact, which is evidenced by the price of the leading cryptocurrencies. For working with this selection of trading tools, you need access to a large capital and citizenship in either an EU member state or the USA. Private investors rarely consider these resources as primary tools of investment for this very reason.
Digital wallets and exchanges are a more accessible option for investing in cryptocurrencies for private investors. Here, everything runs on the basic principle of currency trading, buy low, sell high. The investor’s profit is the difference between the asset price when bought versus the price when sold. Although the relatively simple function of the approach’s algorithm to trading, today, not all investors can take advantage of these resources. The issue is, that the activity of cryptocurrency traders lead to a dramatic increase in rate growth of electronic currencies. For example, Bitcoin hit a high of $20,000 per coin in 2020. Only a limited number of traders can afford the means necessary to invest in a cryptocurrency asset. The matter only becomes more disenchanting for the average online trader, after taking a closer look at the risks involved.
In addition to this, trades placed on the exchanges are accompanied with extremely high associated costs, such as commissions placing trades, exchange spreads, and withdrawal charges. In sum, this figure can reach up to 12% of the total investment capital. That kind of loss is a hard one to take, no?
This classic tool enables trading cryptocurrency assets online, which is undoubtedly attractive to online investors. Nonetheless, even though conducting operations on Forex is simple and relatively accessible, this approach has its own drawbacks for investors. The problem is, that here a longer holding period is necessary to earn a profit. Contracts, based on profitability figures, are dependent on the level of asset price change. In addition to that, on Forex more complicated approaching for market analysis are necessary.
As you see, today, the basic selection available of cryptocurrency investment tools is reasonably wide. We, in turn, would like to go into more detail regarding the most effective and profitable tool, binary options, which enable you to profit off a low-risk, high process liquidity, and financially accessible cryptocurrency trading regime.
How do you trade cryptocurrency binary options?
Let’s begin imminently with an explanation of binary options and how to trade them on the market, which enables you to grasp the basic essence of the trading process when using this tool.
So, binary options are a form of exchange contract, in which classical regimes for earning profit on the financial market don’t apply. With these contracts, there is no direct purchase of an asset, instead, there is a time-limited rate position on the direction of price movement held on an asset. To put it simply, the market participant doesn’t close a purchase or sale of the base asset, but uses its price rate for future directional price fluctuation:
The main task is for the trader to close the trade during the right specific market movement, in the correct binary options movement time frame.
It is worth noting this financial tool’s high level of profitability, 85% is the average (the data on tool’s liquidity was taken from the broker Binomo), which can reach as high as 90%.
If it is the right forecast for the rate, the market participant can make up to 90% returns, however, if the market is forecasted in the wrong movement direction, they can lose 100% of the total rate. With that kind of trading speed, the trader themselves regulates based on the selected duration of the binary option (expiration), which can fluctuate in a range of 60 seconds to 24 hours.
How do you trade effectively with binary options?
With this base knowledge on trading with binary options unraveled, let’s move on to the practical application. So, what can you understand from the binary options trading algorithm in action is, that this tool has a specific mathematical negative expectation profit indicator. The difference between profit and loss when trading with binary options is an average of 15% for cryptocurrency assets, with this specific indicator it can be upwards of 88%!! Therefore, excess losing positions can lead to a loss in investment. In order to change this situation and indicator statistic, it’s vital to adopt a trading strategy for forecasting. These systems have the ability to compute statistics, which produce profitable positions up to 90% of the time. It is worth noting that no strategy produces results 100% of the time!
So, trading strategies for the binary options market have varied formats and approaches. The majority of them are structured based on economic and legal regulations on market activity. However, this strategy format is not suited for inexperienced traders, because highly specialized knowledge is necessary for them, as well as for trading cryptocurrencies. The reason for this is quite simple, electronic currencies are a decentralized tool without a central issuing body. Therefore, the resource price, in this case, doesn’t subscribe to basic economic laws, instead, it’s built on simple indicators, made up of the total means invested in the asset, the popularity among traders. To put it simply, cryptocurrencies are only worth what investors are prepared to pay at any given moment!
The solution for investors out of this problem is indicator strategies, which analyze the market and produce forecasts applicable to automatic market indicator recognition programs. These systems evaluate current cryptocurrency technical indicators and provide vital trading information for opening positions on the market.
The list of indicators, available on the market, includes several hundred, therefore using them isn’t difficult. Frequently, professional traders use simple mono indicator strategies or combination systems with a short list of analysis tools. For example, the oscillator lines of the simple MACD indicate the trend movement direction growth, enabling you to achieve very accurate cryptocurrency trading indicators:
The trading statistics for this simple strategy have indicators that produce successful results 85-90% of the time. Therefore, even a small loss won’t influence the market participant’s final trading result.
The classic resistance/support trading strategy is a great example for trading cryptocurrencies. This regime more accurately reflects the mood of investors on the market for electronic currencies, that enables you to open short-term rate contracts on more attractive terms. In this case, we recommend using a trading regime in the price fluctuation channel. For that, it is enough to set up the trend levels, which become the borders of the cryptocurrency price fluctuation channel. The rate formation signals, in this case, form the moment price rebounds from the border of the channel to the opposite level:
Taking into account the peculiarities of cryptocurrency asset exchange rate formation, that approach to market analysis and forecast generation is more effective for earning a minimum and stable profit.
You can become acquainted with a wider selection of effective trading systems on the our site at the EDUCATION section
Of course, trading systems can produce results, however, without specific knowledge of the trading process, an understanding of finance, and the electronic currency market, it will be reasonably difficult to grasp the intricacies of binary trading and achieve successful, and more importantly stable, results. For that reason, it’s vital to find time to expand both your practical and theoretical skills. The educational process can pass quickly with your broker’s professional educational materials, which are available with open access.
Once you’ve gained a complete understanding of all technical and theoretical principles for working with binary options, you can maximize the profitability, result stability, and effective trading operations of the main trading market indicators.
While analyzing binary trends, it is worth noting, that trading with this tool not only differs thanks to its simple technical process but also its accessibility to private traders. To use this tool, you need a minimal $10 capital, and the cost per contract is only $1. Despite the small size of the investment required, involved in the process, it’s worth considering the fairly strong profit indicators, all thanks to the profitability of short-term contracts, up to 90%, and also the regulated market position expiration period. Therefore, the dynamic capital growth is now a bit higher in comparison with classic speculative methods for the financial market.
As you see, today, binary options are the most accessible and easy method for making a profit on the market of cryptocurrencies. Here, investors receive attractive financial terms for trading, an accurate indicator of the procedural effectiveness, a very simple regime for earning profit, and also a relatively low capital risk indicator. In situations when the market is overbought, binary trading is one of the main approaches to working with cryptocurrencies as an investing resource.
вЂњGeneral Risk Warning: Binary options trading carry a high level of risk and can result in the loss of all your funds.вЂќ
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