Cryptocurrencies on Forex: benefits from trading bitcoin
Forex market is one of the largest markets in the world. It never stops, orders are made 24/7 all over the world. And it would be rather strange if FOREX market didn’t react to the fascinating development of cryptocurrencies. Nowadays, only a few FOREX brokers offer an opportunity to trade bitcoin (luckily, FBS is on this list).
What are the benefits trader can get from this type of currency?
Firstly, you can be sure it’s safe - you don’t need to reveal your banking account or credit card details to deposit or withdraw money.
Secondly, all bitcoin transactions are digitally recorded on public networks with no banks or clearing agencies involved. There are no transaction costs, and it sounds good, doesn’t it? It can help a trader to increase his income. There are lots of other ways to improve your trading strategy, but you need to get some Forex education.
Last but not least, the leverage is high. Brokers usually offer high leverage for bitcoin trade, but you should remember that high margins should be approached with great caution as they also magnify the loss potential.
Always wanted to try trade bitcoin? You are at the right place – FBS offers this amazing opportunity to all types of traders, no matter if you are an advanced trader or just starting to learn about FOREX.