eToro Bitcoins CFD: The New Choice of Experienced Traders

eToro Bitcoins CFD: The New Choice of Experienced Traders

What is eToro Bitcoins CFD trading?

eToro Bitcoins CFD trading can be explained as a bet. If you think the Bitcoin (BTC)  price will rise, so you would buy 1000 Bitcoin (BTC) share CFDs. Now, if the price of Bitcoin (BTC)  increases over the spread you will make a proportional profit however if it decreases, you would make a proportional loss.

However, these platforms don’t have any real-world market access. That means you won’t actually own Bitcoins (BTC), you’ll be betting on the possibility that the price rises. That means you can’t technically sell Bitcoins CFDs that you buy on the website for much other than selling it later on, unlike bitcoins.

Bitcoins function well on CFD trading websites since they’re quite volatile in terms of price. Since the price fluctuates a lot, the potential gains can be maximised. It also gives traders the freedom to research the market well and then invest in a very specific situation. Using professional tools such as margin and leverage trading, you can very well make over $5000 on an investment of $1000.

 

What is eToro?

The eToro Bitcoins CFD trading website was founded in Tel Aviv, Israel in 2006. It was founded by two brothers as a website for social exchange between traders. This, however, grew into an idea that they could create a trading website and pair the social aspect. Making it a sort of Facebook for CFD traders.

On the website, you can trade eToro bitcoins CFDs and connect with your favourite traders, you can follow them and their trades! Yes, you can actually copy trades that high earning traders are doing; since all of their trades are posted on their wall. You can comment on a trade, start a discussion and even message your favourite traders.

That’s what sets eToro Bitcoins CFD trading apart from other websites. Since eToro has a strong community within it, it helps beginners to start trading and helps create a strong network.

 

Here’s The New Experienced Trader’s Choice.

The eToro website is quite a new and innovative idea; to mix the community of a social network to the complexity of eToro bitcoins CFD trading. This mix allows very basic users to master the platform with the help of the education programs available on the website.

The website is based on several interesting ideas. For example, if you have many followers who copy your trade, you receive money from the earnings of the website. In my opinion, the website’s user traffic of 5 million shows that it’s a trustworthy website and has good potential to grow in the future.

Whilst writing this article, I started looking into the educational programs that they offer. The company offers live webinars on different subjects that anyone can watch and also e-courses on all the different types of trades available on the website.

If you’re still not satisfied, it also has trading videos that you can watch if you come across an issue. These educational programs are really innovative for a CFD platform. It’s also one of the greatest tools that eToro possesses.

To be honest, I think that for a beginner the best website to learn CFD trading would be eToro, after which you can make your own choices.

Thus, here’s where you can access eToro and start eToro Bitcoins CFD trading!

 

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About Article Author

Michael Serrano
Michael Serrano

Michael is an engineer and a bitcoin evangelist. He has been involved in cryptocurrencies since 2013. His biggest wish? 1 billion users of bitcoin, ether and litecoin by 2020. In the last 10 years he has worked for various early-stage start-up as a back-end developer.

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