BTCUSD is the ticker symbol for Bitcoin. BTCUSD is a Cryptocurrency CFD. Bitcoin is a digital or virtual currency created in 2009 that uses peer-to-peer technology to facilitate instant payments.
The standard contract size for BTCUSD is 1 with 0.1 lot minimum tradeable.
The minimum trade size for BTCUSD is 0.1
CFD trading is extremely risky. Trading any leveraged product carries significant risk as you have the ability to open positions that are far larger than your account balance.
We offer competitive leverage rates which are determined by the Afterprime entity you register with. Read more here
One Cryptocurrency point is normally = to 1 unit of base currency. For instance, one Cryptocurrency point of BTCUSD is = to 1 USD.
The cryptocurrency market is well-known for its volatility. Prices can swing wildly up and down, making it a challenging (but potentially rewarding) place to trade.
One of the best ways to trade in volatile markets is to use limit orders. A limit order is an order to buy or sell a security at a specific price or better. For example, let's say you want to buy BTCUSD at $10,000 per coin. You could place a limit buy order at $10,000 and if the price falls to that level, your order will be filled. Alternatively, you could place a limit sell order at $11,000 and if the price rises to that level, your order will be filled.
Another strategy that can be effective in volatile markets is to trade with the trend. You can identify the trend by looking at the price action on a longer time frame chart (e.g., 4 hour, daily, weekly). If the price is making higher highs and higher lows, then the market is in an uptrend. Alternatively, if the price is making lower lows and lower highs, then the market is in a downtrend. Once you've identified the trend, you can look for trading opportunities in the same direction on a shorter time frame chart (e.g., 1 hour, 30 minute).
When trading in volatile markets, it's important to manage your risk carefully. When placing trades, make sure to use stop-loss orders so that you can limit your losses if the market moves against you. It's also a good idea to only risk a small percentage of your account on each trade (e.g., 2-3%) so that one losing trade doesn't derail your entire account balance.
Volatile markets like the cryptocurrency market can be challenging to trade in but there are strategies that can help you succeed. In this blog post, we've shared three BTCUSD trading strategies that you can use when prices are swinging up and down: use limit orders to your advantage, trade with the trend, and manage your risk carefully. By following these tips, you'll increase your chances of success when trading cryptocurrencies.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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