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Bitcoin Trading

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Bitcoin Trading: The Ultimate Guide

This is a comprehensive guide to Bitcoin trading

In this guide, you will learn about this popular trading instrument, including:

  • What is the price of Bitcoin today
  • What is Bitcoin trading
  • Why should you Trade Bitcoin
  • What moves Bitcoin price
  • How to Trade Bitcoin
  • How to choose Bitcoin trading platform
  • Lots more

So if you want to benefit from Bitcoin trading, this guide is for you.

Let’s jump right into it.

Bitcoin Price| Bitcoin/THB

Buy and Sell Bitcoin Fast and Secure

If you want to get rid of the complicated crypto wallet headache, you can make yourself relaxed by trading Bitcoin CFDs.

All you need is register a free account from Mitrade and access buy or sell Cryptocurrency CFDs easy, secure and straightforward.

  • Buy Bitcoin
  • Sell Bitcoin

What Is Bitcoin Trading?

Bitcoin trading means speculating on the movement of the price of Bitcoin.

A trader can use a Contract for Difference (CFD) broker or buy and sell the real coins through a credible exchange.

In both cases, the aim is to gain potential profit from the price differences.

  • Trading Bitcoin via a CFD Broker

    When trading Bitcoin through a CFD broker, the coin is traded as a derivative. This means that rather than own real coins. The potential profits come from the value (price) volatility.

    To do this, you just need an account with a credible CFD broker then you can buy (go long) if you think the value of Bitcoin will increase, or you can sell (go short) if you think the value will fall.

    CFD trading carries some advantages such as trading on leverage where the trader only needs to deposit a raction of the required trading amount and the broker provides the rest. In this way, the trader can go long/short with more coins and make bigger potential profits.

    Trading on leverage multiplies both profits and losses.

  • Trading Bitcoin via an Exchange

    Trading Bitcoins via an exchange involves the buying and selling of the real coins.

    You need to create an account on the exchange, decide the amount of coins you need, pay the full value of their worth, then store the cryptocurrency in a wallet until you are ready to sell them.

    Exchange trading requires the trader to study the entire process before it can make sense to them.

    Some exchanges might have expensive maintenance costs and a limit on how much you can transact.

Why Should You Trade Bitcoin?

Bitcoin CFD Trading Platforms vs. Bitcoin Exchanges: Which is Right for You?

  • Bitcoin CFD Trading Platforms
  • Bitcoin Exchange
  • Profits when Bitcoin prices rise (long)
  • Profits when Bitcoin prices fall (short)
  • Margin trading
  • Volatility trading (without owning the asset or holding an exchange account)
  • Take-profit and stop-losses function with risk management tools
  • No exchange fees
  • No digital wallet required
  • Less security risk of hacking or crypto theft
  • No trading commissions
  • Regulated trading platforms

If you are looking for a trustworthy and regulated trading platform, without involving the complicated crypto wallet, seeking opportunities from the price ups and downs, don’t hesitate to trade with a CFD broker.

Instant access to Bitcoin trading, anytime and anywhere.


What Moves Bitcoin Price

Bitcoin moves as per the availability of supply and demand. When there is too much demand, their prices increase, and if the supply increases, their prices decrease.

The advantage of Bitcoin is that they are decentralized, they are not affected by political and economic factors like fiat currencies.

Overall, here are some factors that might influence the movement of Bitcoin:

How to Trade Bitcoin

Bitcoin, the first cryptocurrency in the world, and the king of all cryptos, has become a tough contender even amongst the biggest fiat currencies such as the USD, GBP, JPY and Euro.

However, even as it seeks to win this crown, it provides a lot of volatility on the way for traders to take advantage of. Here are three simple steps to get started trading Bitcoin:

  • 1.Choose your Bitcoin trading platform

    Get started by knowing which approach to use in trading Bitcoin. If you prefer owning real coins, then you can only trade via an exchange.

    Similarly, if you prefer the potential profits by predicting the price movement and also taking advantage of the other features outlined in the table above, then CFD trading through a broker like Mitrade is the way to go.

  • 2.Build a suitable Bitcoin trading strategy

    A suitable trading strategy will help you to make more profits trading Bitcoins.

    Before you head on to Bitcoin trading, it’s very important to understand some mostly applied strategies for better trading.

    Again, your goals in Step 1 determine the trading strategy for you.

    • If you want to store your money, or hold onto it until it grows in value, then you can find the right time to buy the coins and keep them in a wallet.
    • If you want to speculate on prices such as trading CFDs, you’d better choose a trading strategy that works for you, for example: day trading and Scalping work great for short-term traders while swing trading and position trading are more preferred by medium to long-term traders.
  • 3.Test your investing strategy

    With a satisfactory investing strategy and a reliable trading platform, it is time to put your strategy to the test.

    Luckily, most CFD brokers provide traders with demo accounts where they can practice using virtual funds. It is recommended that one should test their strategy for at least 3 months before using a live account. This is enough time to know whether the strategy will be profitable or not.

    If the strategy proves to be profitable in the long term, you can proceed to deposit in a real account and start trading on Bitcoin.

  • 4.Place your first trade

    Once the testing proves successful, you can proceed to start buying and selling real Bitcoins using your preferred method. You need to deposit money to start real trading.

    While at it, make sure to exercise proper risk management especially when using leverage since this feature multiplies both the profits and losses.

Ready to Explore Huge Opportunities of Investing in Bitcoin?

Started Trading Now

Important Tips to Consider Before Buying/Selling Bitcoins

Trading cryptocurrencies is significantly different when compared to trading traditional markets like Forex and Stocks.

One of the reasons for this could be the massive volatility portrayed by these crypto asset classes.

Therefore, it is crucial to be careful while trading cryptos, and we believe the below tips would help you in successfully trading them and avoid the most common mistakes.

  • Risk Management Is the Key

    It is essential to know that protecting your capital is more important than making profits. Therefore, as a crypto trader, your focus must be on the former than the latter.

    Make sure you use tools that mitigate risks like placing accurate stop-loss and take-profit orders.
    If you are a novice crypto trader, we suggest not to use leverage in the very beginning. Because leverage will magnify your profits and losses.

    When you have accumulated a certain amount of trading experience, you can use leverage to seek more opportunities in a highly volatile market such as cryptocurrency.

  • Diversify Crypto Portfolio

    It is important to diversify your crypto portfolio to avoid risks. For instance, if your interest is to buy or sell Bitcoin, make sure to have smaller investments in other significant altcoins like ETH or XRP.

    This will not only help you in mitigating the risks but also act as a potential hedging strategy.

  • Control Your Emotions

    Never let your emotions control your trading activities. Negative emotions like Fear and Greed can divert you from sticking to your plan and believing in your own strategy.

    So, it is vital to gain control over those emotions to trade cryptos successfully.

  • Stick to One Strategy That Works for You

    Always believe in your trading strategy. It is crucial not to keep changing that strategy after a few failed trades.

    Doing that will only make things worse as you won’t be sure of what to do when the market starts to act differently while using your new strategy.

    But that won’t be the case when you stick to a single proven system because you will be well aware of the repercussions.

  • Get to Know Your Crypto Trading Platform

    Many Bitcoin exchanges charge hidden fees which you will only get to know after placing your first trade.

    So make sure to do extensive research on the exchange before signing up with them.

    This will also help you in getting to know well about your exchange and the services they offer.

How to Choose the Leading Bitcoin
Trading Platform

  • Reliable: Mitrade is regulated by reputable authorities, trusted by thousands of users
  • Less initial capital is required: Attractive leverage, trade with less initial capital
  • Increased liquidity: Seize every chance of trading at any chosen price with Mitrade
  • Long and Short trades: Take opportunities whether prices are rising or falling
  • Stress-free account opening: Forget about the headache of crypto wallets, opening an account from Mitrade and start trading in minutes
  • Control Your Risk: Add any stop loss or limit trade by the free risk management tools on Mitrade
  • Competitive trading cost: enjoy no commissions, low overnight fees, and transparent spreads on Mitrade
  • Dedicated customer support: Fast and responsive customer 24 hours a day, Monday to Friday

Over 270,000 registered clients have chosen Mitrade as their broker


Start Trading Bitcoin in 3 Simple Steps



Complete your account application


Deposit Funds

Deposit funds quickly in a variety of ways


Start Trading

Buying and selling Bitcoin and explore a world of trading opportunities


More Reasons to Trade Bitcoin with Mitrade

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Now It's Your Turn

I hope you’ve enjoyed everything about Bitcoin trading.
Now, I’d like to over to you:

  • What’s your favorite Bitcoin trading platform?
  • Are you planning to trade Bitcoin at Mitrade?
  • Do you have some great strategies that work great investing in Bitcoin?

Feel free to share with us.