Asset trading is classified as the collection of securities that are held by a firm for the primary purpose of reselling such securities or assets for a profit. Included in this asset trading are the positions acquired by a form with the specific purpose of reselling in the near future as a means of generating profit from short-term fluctuations in the price of the security.
Cryptocurrency trading essentially revolves around the purchase of a certain amount of digital assets at a lower price and selling these assets once the price goes up.
Bitcoin is one of these assets, and since its introduction to the world in 2009, it has been the most popular and tradable currency and, thus, the most valuable on the market.
There are many reasons why individuals reject other trading forms and invest their time and money into cryptocurrencies. One cryptocurrency in particular that traders are looking to invest in is Bitcoin. Some of the most sought-after features of Bitcoin that make it a worthwhile investment are:
Even though the cryptocurrency market is relatively new, it has experienced a fair amount of volatility as a result of short-term speculative interest. This isn't anything unusual, as new technologies generally gain a lot of interest.
This volatile nature is what makes the Bitcoin market so exciting. Rapid price changes on a daily basis provide an array of opportunities to those trading in the market long and short-term. However, these opportunities also come with risks, and no trading strategies are foolproof. That's why it's imperative that all traders implement a risk management tactic in their overall trading strategy.
Cryptocurrencies are generally available for trade 24/7. This is because there isn't any centralized government controlling the market. This is why cryptocurrency transactions can be conducted directly between individuals worldwide. However, there are periods of time when the market experiences 'downtime' to adjust to infrastructural updates.
Liquidity is classified as measuring how quickly and effortlessly Bitcoin can be converted into cash or assets without having any effects on the market price. Having enhanced liquidity is an important feature as it aids in bringing better pricing, increased technical analysis accuracy, and faster transaction times.
Generally speaking, the cryptocurrency market, especially Bitcoin, is seen as being illiquid. This is because these transactions are carried over to multiple exchanges. As a result, small trades are known to have a massive effect on market prices. This is another contributing factor to the volatile nature of Bitcoin and other cryptocurrency markets.
Effectively trading Bitcoin isn't an easy task if you don't gather enough information to create a robust trading strategy. The developers at BitQL have created a trading platform with all the necessary data you need to start your trading journey.
Searching all around the web to find suitable strategies or accurate and up-to-date data on the market can be overwhelming. That’s why BitQL offers all the vital information neatly organized into easily understandable charts for you to analyze.
Beginners also have access to a demo trading account. This allows those who aren’t confident in their trading skills to practice various trading strategies to see where they can improve. In addition, there’s also a beginners’ guide to everything you need to know about Bitcoin trading. This guide helps traders understand the fundamental elements and mechanisms that make up Bitcoin, the market, and how to trade in it.
And if that’s not enough, registration to BitQL also gives you access to a dedicated account manager who can guide you through your journey, help you devise a trading strategy, and send you prompts when a suitable trading opportunity arises.
The registration process was designed with efficiency in mind so that it goes as smoothly as possible.
The registration process consists of three easy-to-follow steps listed below:
Interested in joining the platform? To begin registration, you’re going to need to fill in the following details:
Once you've entered all these details, your account would go through a brief verification process. After successfully verifying your account, you’ll be connected to your broker’s website, where you’ll need to enter your login credentials. Once you log in there with the credentials you received upon registration, you’ll be redirected back to the platform, where you can start practicing your trading skills.
Some people wish to trade without providing the basic information. However, this is a very precarious trading method that cannot be condoned by BitQL.
After you have successfully logged into the platform, if you wish to start live trading you will need to fund your account with a minimum amount of $250. The whole amount is then placed in your trading account and is used to make trades. To make this payment, you’ll be transferred to a secure page where you’re going to be asked to enter your banking details to deposit the money.
All your details are encrypted to ensure that your deposits and transactions are safe and that all your information is secure.
It's important to note that the money you deposit in your BitQL trading account is entirely yours. The platform doesn’t take a percentage of this money, and you have complete control over these funds.
The platform allows traders to deposit a small amount of $250 to accommodate users who don't have the financial means to invest large sums of money. However, traders who do have these funds and wish to invest more in their BitQL trading accounts can do so. BitQL trading accounts are equipped with a no-cap feature, so you can deposit as much as you want.
Once these funds have been placed in your trading account, you’re able to move on to the final step of the BitQL trading account registration.
The final step of the BitQL account registration process involves discussing your trading preferences with your account manager, as these are going to guide him / her in sending you the right notifications to suit your parameters. Consequently, it’s very important that you don’t rush this part of the registration procedure.
For beginners, the platform is equipped with a guide that can help you understand the market conditions and how to interpret these to make educated trading decisions. Using this knowledge, you’ll be able to share with your account manager the trading preferences you choose for your overall strategy. For the best trading experience, all traders are advised not to set unrealistic trading preferences.
After these preferences have been set, you may begin your trading experience by joining a live trading session. Professional traders can start implementing their trading strategies. Once you acquire enough expertise and trading skills, you can look into different trading methods and diversify your overall experience on the platform.
Conventional trading is associated with dedicating a large amount of your day to sitting behind a computer and monitoring the market. This isn’t the case when you’re using the BitQL platform. Since all the vital data about the market is neatly organized, over time, you can learn to make sound trading decisions more easily than if you were to research the web on your own. However, spending some time, effort and dedication might help you become a more knowledgeable trader.
Yes, inexperienced traders can use BitQL to conduct trading. It’s specifically equipped with features that cater to various skill levels. Beginner traders can use the demo trading account before they go on a live trading session. Traders have the ability to practice their trading strategies in this demo account before using their money to fund their trades in a live trading session.
No, $250 is the minimum amount you can deposit into your BitQL trading account. There is no cap on trades using the platform, which allows you to deposit as much money you would like to deposit into your BitQL trading account. Some traders choose to deposit a large sum of money, so they make numerous trades. However, the platform offers this minimal $250 to accommodate traders who don't have the financial means to invest hefty sums into their trading accounts.
|🤖 Type of Platform||Trading Platform|
|💰 Platform Cost||FREE|
|💳 Deposit Option||Visa, Mastercard, PayPal, Skrill, Neteller, more.|
|🌎 Countries||All (Excluding USA and IL)|