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Profit Trade Review for Bitcoin Trading

Profit Trade offers low trading costs trading for cryptocurrencies, Forex, indices,, stocks and commodities

the trading conditions are very competitive But only on the higher-tier account types. Lower trading accounts have a bit lesser conditions but still in the top of the market

Profit Trade Trading Platforms

The trading platforms supported by the operator cover a Web-trader, a Mobile trader ( proprietary trading platform).

these platforms are for the beginner till the very advanced traders in and thus caters to traders of all levels.

The main advantage of the web-trader is of course that one does not have to download and installed the platform and that it can be accessed at the click of a button.

other than that this platform is somewhat simple in format and does remind one of a binary trading platform. still, the trading platform is fully functional and does what it supposed to do, the design is very intuitive and easy to start with.

profit Trade Trading platform

Its charting capabilities are simply superb. It covers a massive range of time frames, chart types and technical indicators. this platform gives the perception of is what’s called a fully customization trading environment.

With many technical indicators that come pre-installed with the downloadable platform, traders are free to install their own, acquired from 3rd party creators.

traders can automate the trading process to a degree where their direct intervention is barely required. They simply execute strategies defined by traders, in a manner defined by traders, without outside intervention.

The Profit Trade Trading platform also supports multiple order types, such as market orders, trailing stops and Stop limits.

Profit Trade Deposits & Withdrawals Options

Profit Trade has only the most used and basic means for funding ones account at this moment.

These methods include credit/debit cards, bank wire transfer.

As for the time required for a withdrawal, it takes around 3 to 5 business days for the entire withdrawal process to be completed.

 

What to Know Before You Trade Bitcoin

Before you dive headfirst into bitcoin trading, there are some last points we need to touch on. As mentioned, it’s easy to get started with bitcoin but not as easy to become a master of the art.

1. Research Your Chosen Trading Strategy

There is more to each of the four trading strategies than we’ve covered in this guide. Make sure that you do proper research before you commit to any of them.

Fortunately, there are many resources online, including e-books, e-courses and videos that will teach you how to trade bitcoin.

Just remember that none of the strategies, regardless of how popular they are, come without risk.

2. Create A Bitcoin Trading Plan

Once you know which strategy you want to pursue, you should create a trading plan. Just like any other business venture, it’s important to have your criteria for success and failure in place.

Without a plan, you could become the victim of your own greed for more or fear of losing. The plan should include realistic goals for how much you hope to make and a risk profile that includes how much you’re willing to invest or lose.

3. Make Sure You Mitigate Any Risks

We’ve mentioned risk a few times now, and there’s a good reason for that.

All trade, whether it’s stock trading or bitcoin trading, involves a certain element of risk. One of the main risk factors in bitcoin trading is the volatility of the bitcoin price.

One of the ways you can mitigate risk is to put limit-close and stop-loss orders in place. That way, you can secure any profits or limit any losses before the market gets out of hand.

4. Find A Safe and Reliable Bitcoin Broker or exchange

You should carefully consider your options when it comes to bitcoin exchanges. Not all exchanges are equally fast and safe to use, so we recommend you do your research. there are a few good ones like Atomexchange or in this case Profit Trade

 

Similar Brokers are:

etoro ~ FPmarkets ~ profit Trade ~ Galore pro ~ LegacyFX ~ UBCFX

Have another experience, we would love to hear about it 

 

 

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  • Trading Platform(s)
  • Trading Experience
  • Trading Conditions
  • Commissions and Spreads
  • Assets for Trading Offered
  • Account Options
  • Initial Deposit
  • Regulation & Compliance
  • Safety and Reliability
  • Deposits and Withdrawals
  • Customer Service

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