How To Trade Bitcoin In Minutes Like A Pro For Extraordinary Profits And Convince Your Friends You’re A Crypto Genius
When you search the Internet for “How to trade Bitcoin” you usually get some very basic information.
I’ll take care of that right here:
- Open an account with a broker or exchange
- Verify your identity
- Fund your account
- Buy and Sell Bitcoin
While that is technically what you’ll need to do, this level of information is not very helpful.
Therefore, I’m going to go over how to trade Bitcoin in more detail. There are various options for trading Bitcoin, so I’ll lay out a few choices and share with you my favorite way to trade Bitcoin.
Later you can use the Table Of Contents to go back to the specific section you are interested in exploring in more detail. But for now, just read everything through once to educate yourself on how to trade Bitcoin.
What Is Bitcoin Trading
Bitcoin trading is when you speculate about whether the price of Bitcoin will rise or fall and buy or sell Bitcoin accordingly. Do this correctly and you profit.
Here is profitable trading in a nutshell:
Buy Low and Sell High
Sell High and Buy Low
So trading Bitcoin is when you try to predict price movements and make transactions based on those predictions with the goal of making a profit.
Bitcoin trading is different from Bitcoin investing. Bitcoin investing is when you buy Bitcoin and hold it for the long term hoping the price of Bitcoin continues to rise. On the other hand, Bitcoin trading tries to profit on shorter term price movements either up or down.
I know this is a very simplistic definition of Bitcoin trading. The devil is in the details. And while I can’t go over everything here, I’ll go over things in more detail shortly.
But first, why should you bother learning how to trade Bitcoin in the first place?
Why Learn How To Trade Bitcoin
Bitcoin might be completely new for some of you. And learning anything new can be daunting. I mean there are things you’ll need to accomplish in learning how to trade Bitcoin profitably.
So, why bother?
Why put in the time and effort to learn how to trade Bitcoin?
The simple answer is… Profit Potential.
In my experience, the Bitcoin market presents an excellent opportunity for huge profit gains.
Take a look at this…
Imagine starting your Bitcoin trading with a modest investment of $2,000… and growing it to over $210,000 in just 4 years.
Doesn’t trading Bitcoin seem like something that should be a part of your wealth accumulation efforts?
For me, there is just too much potential profit to ignore.
These kinds of gains should motivate you to do whatever it takes to get involved.
- The potential profits spurs you to create your Bitcoin infrastructure
- The opportunity pushes you to set up your trading infrastructure
- And the potential profits keep you motivated to participate in the Bitcoin market in a systematic and professional manner
In short, there is just too much profit potential to sit on the sidelines.
So let’s go over a few different ways you can trade Bitcoin.
How To Trade Bitcoin At
Here is how to trade Bitcoin at Cryptocurrency Exchanges… at least this is the way I do it.
First of all, what is a Cryptocurrency Exchange?
Cryptocurrency Exchanges are online platforms where you can exchange one kind of cryptocurrency for another electronically based on current market price.
Here are some popular cryptocurrency exchanges:
Cryptocurrency Exchanges generally don’t allow you to “trade” Bitcoin for fiat money (US dollar, EURO, etc.). I mean, you can BUY Bitcoin and SELL Bitcoin at these exchanges. But it is not really set up for trading back and forth very easily.
But there is a work around.
Most cryptocurrency exchanges have a cryptocurrency on the exchange that tracks the US dollar. That means the price of the cryptocurrency and the price of the US dollar are the same.
So here is what I do…
- I set up a demo account at a Forex broker that allows trading the BTCUSD currency pair.
- I put a simple indicator on the BTCUSD chart.
- When I get a BUY signal… I BUY Bitcoin at the exchange (usually with a credit card – only for first transaction).
- When I get a SELL signal… I SELL Bitcoin for the cryptocurrency that tracks the US dollar at the exchange.
- When I get a BUY signal… I exchange the cryptocurrency tracking the US dollar for Bitcoin
- I continue this back and forth trading between Bitcoin and the cryptocurrency tracking the US dollar.
Basically, I use an indicator on the BTCUSD chart on a Forex broker demo account to tell me when to BUY and SELL Bitcoin. When I get the signal, I take the action on the EXCHANGE.
I teach exactly what I do as a BONUS for Forex Trading Blast Off 2.0 clients.
This way of trading Bitcoin at Cryptocurrency Exchanges is so simple, it could not really be profitable, right? Wrong. This is a very profitable way to trade Bitcoin for profit.
|2/8/2019||Buy Bitcoin @ $3682|
|7/16/2019||Sell Bitcoin @ $9553||(159% decrease)|
|8/4/2019||Buy Bitcoin @ $10892||(14% decrease)|
|9/8/2019||Sell Bitcoin @ $9657||(11% decrease)|
|10/25/2019||Buy Bitcoin @ $8567||(11% increase)|
|11/14/2019||Sell Bitcoin @ $8656||(1% increase)|
|1/6/2020||Buy Bitcoin @ $7557||(12% increase)|
|2/25/2020||Sell Bitcoin @ $9378||(24% increase)|
|4/6/2020||Buy Bitcoin @ $7247||(22% increase)|
|6/25/2020||Sell Bitcoin @ $9283||(28% increase)|
|7/21/2020||Buy Bitcoin @ $9360||(.8% decrease)|
|8/25/2020||Sell Bitcoin @ $11248||(20% increase)|
|10/9/2020||Buy Bitcoin @ $11000||(2% increase)|
|No sale signal yet at time of writing this… price currently @ $23,000, so another big increase.|
As you can see, out of the last 13 transactions, 10 were positive and there is a lot of profit potential. But this isn’t even my favorite way to trade Bitcoin for profit.
My favorite way of trading Bitcoin is what we’ll talk about next.
How To Trade Bitcoin At Forex Brokers
I am primarily a Forex trader. I trade currency pairs. So, why not just trade the BTCUSD currency pair directly at a Forex broker (instead of buying and selling at exchanges)?
That is exactly what I do.
I’ve been trading Forex for over 15 years. This is what I am comfortable with and have had the most success doing. So, I am very happy that some brokers let you trade the BTCUSD currency pair (Bitcoin VS US Dollar).
Basically, I can trade in the manner I am most accustomed to. And I can trade on the platform I feel most comfortable with.
So, I developed a way of trading the BTCUSD currency pair that has extraordinary profit potential. You saw this earlier, but let’s look at it again…
Of all the things I do to accumulate wealth faster and beat other investment opportunities, trading the BTCUSD currency pair is the trading activity with the highest profit potential.
Here is how I do it:
- I open my trading platform and BTCUSD chart @ 6 PM New York time
- I check my strategy and see if there is anything to do:
- Place a Buy or Sell trade
- Move Stop Loss to Breakeven to eliminate risk
- Most Stop Loss to lock in profits
- Manually Close the trade
- I close my trading platform
- EXTRA: I send an email to my subscribers with trading instructions
Here’s the good news… you can copy my success trading the BTCUSD currency pair.
So, even if you don’t know much about trading, you can still take a shortcut and participate in this profit powerhouse market. Just use the Bitcoin signals I send you once a day to your inbox.
Here are two more reason I like to trade Bitcoin at Forex brokers:
- You don’t need to buy any Bitcoin if you don’t want to
When you trade at cryptocurrency exchanges, you need to actually buy Bitcoin. And that might make some people uncomfortable.
When you trade Bitcoin at a Forex broker, you can fund your trading account in fiat currency (US dollar, EURO, etc.) That means any profits you gain from your Bitcoin trading are in fiat currency.
So, you don’t even need to buy any Bitcoin to profit by trading the highly profitable Bitcoin market.
- You can increase your Bitcoin holdings if you want to.
At some Forex brokers, you can fund your trading account with Bitcoin. This means any profits you make are in Bitcoin.
This is a great way to GROW your Bitcoin holdings. Buy Bitcoin and fund your account with Bitcoin. Then grow your account with the trading.
This has the added benefit that if the price of Bitcoin continues to rise… you’ll have more of it. That means even more profits (Profits from the trading + profits from the price increase of Bitcoin).
I think you can see why trading Bitcoin at Forex brokers is my favorite way to trade Bitcoin.
Both ways I teach how to trade Bitcoin is very simple and only takes a few minutes a day.
If you get Forex Trading Blast Off 2.0, you’ll get a bonus that teaches you how to trade Bitcoin at cryptocurrency exchanges. You’ll use a demo account to figure out when to buy and sell Bitcoin… and you’ll actually buy and sell Bitcoin at the exchanges.
If you subscribe to Bitcoin Signals Blast Off, you’ll get trading instructions sent directly to your Inbox between 6 PM and 6:20 PM New York Time Sunday, Monday, Tuesday, Wednesday and Thursday. Then you’ll just perform any trading actions on your own trading account and the BTCUSD currency pair.
(If you are interested in the signals, I teach you everything you need to know to trade the signals just like I do).
Either way you go, the profit potential is huge. The profits are so large in fact, you’ll have your friends thinking you are a crypto genius. (And if they are good friends, you might even tell them just how easy it really is).
To Your Wealth,