Get access to higher volatility and profit potential by trading Bitcoin and other cryptocurrencies with CM Trading

The huge leaps in the price of Bitcoin and other cryptocurrencies are driving trading volume and high volatility in the markets. This translates to more profitable opportunities for traders.

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Get access to higher volatility and profit potential by trading Bitcoin and other cryptocurrencies with CM Trading

Bitcoin may be the most established and mature cryptocurrency, but it’s still an inherently volatile asset, heavily affected by market sentiment. The BTC/USD pair provides long-term bouts of heightened volatility where prices fluctuate by a huge margin in either direction.

In fact, Bitcoin prices have skyrocketed recently, recording a 40% jump since the beginning of the year. Traders who position themselves in the market ahead of these movements may yield substantial returns through Bitcoin trading.

 

How to trade Bitcoin

A relatively easy way to take advantage of uptrends in cryptocurrency is by directly buying some coins and selling them when an acceptable return has been realized.

However, this method is quite limited in terms of profit potential since prices can often decline for long periods of time. If you own some Bitcoin for example and its price starts to drop, you will eventually start thinking about selling it in hopes, at least, making back some of your initial investment.

Thankfully, there is an another, much more favorable way to profit from the movements in crypto prices, and this method also allows you to make a profit even when prices are dropping among other valuable benefits. 

Bitcoin Trading

This method involves trading CFDs (Contracts for Difference). A CFD effectively allows you to speculate on the price of the underlying asset and you can either buy or sell a CFD according to where you think the market is heading.

Therefore, instead of buying actual Bitcoin, or any other cryptocurrency, CFD trading enables you to profit from the price movement without the hassles and security concerns.

Trading Bitcoin CFDs may take some time to master, but it’s relatively straightforward. You open the trading platform, watch the price chart to identify a good price to enter the market and finally open a buy or sell position. You can close the position any time you wish, or set up your exits automatically through the platform to protect your investment from rapid price movements as well.   

CFDs are a regulated financial derivative and while the market is quite volatile and price movements can impart both profits and losses, the strict regulation of these financial products guarantees that your investment is always safe.

 

The benefits of Bitcoin trading

Trading Bitcoin CFDs allows for great flexibility in terms of initial investment due to the fact that CM Trading provides 5:1 leverage on all cryptocurrency pairs.

This favorable leverage ratio allows you to control 5 times larger positions than your current investment affords and therefore, higher profit potential.

Leverage is incredibly useful in trading cryptos because of the high volatility and sustained market trends. However, it’s important to remember that trading in larger positions with leverage also increases your exposure to risk.

As already mentioned, another great benefit of trading Bitcoin through CFDs is the ability to leverage falling prices to realize profits. If the price is on the decline, you can open a sell position and as long as the rate keeps dropping, you will be making a profit.

CM Trading also offers a diverse range of financial assets so clients can trade popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Ripple, but other major commodities, stocks, indices and currency pairs.

 

How to get started

While buying and selling Bitcoin or other assets through the trading platform isn’t particularly difficult, trading with consistent results is one of the hardest skills to master.

CM Trading provides all clients with access to the most favorable trading conditions along with personal training and educational resources such webinars and eBooks with the most successful trading strategies available.

Each client is assigned to a personal trading specialist who can provide help them identify potential market opportunities, calculate their potential risk and meet their profit targets.

Beginner traders can also take advantage of the CM Trading demo accounts where clients may learn how to use the trading platform and practice their trading strategy completely risk-free by using virtual money.

You can practice and learn for free without investing any real money for as long as you like and only transition to a live account when you are confident that your strategy performs optimally.

 

Register here to start trading Bitcoin today!

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