Get More Bitcoins With Your Bitcoins - Trading With 1Broker

bitcoinparadise (67)in #trading • 7 years ago (edited)

Edit:

`The UI has changed since, and U.S. Residents can no longer use the platform...`

Do you want to turn your bitcoins into more bitcoins? Here's a way you could do just that with forex and CFD trading. If you're an experienced trader then you should have no problem with this. If you're new to trading and want to learn, then here's one way you could start.

1Broker lets you do online trading with your bitcoins without having to do any conversions to traditional fiat currencies. Just click on the banner below to join and get started!

Since the launch of 1Broker in 2012, they have become a trustworthy site for online trading with bitcoins. I have been using this site for over a year and have not had any problems.

When you login to your account, you will see a simple setup. The top right corner is your profile where you will see your options such as your balance, notifications, settings, deposit, and withdrawal.

At the top, you will see different tabs for different functions. Starting with the "Markets" tab, you will see the different markets you can trade on. There is the list of forex markets in the screenshot above, and the ones below show stocks, indices, and commodities. The crypto market is just BTC but is no longer available for trading.

Next, under the "Trade" tab, these options are kind of self-explanatory showing your positions and history. I will get into the copied traders a little later.

When you select a specific trade pair you want to look into, it will bring up various information and a built-in chart to see how the pair is doing on the market. Below you will see the USD/CAD pair.

The basic Idea is to select short or long. When you short, you are expecting the pair to go down in price and long is expecting the price to go up. You can see the short(red) and long(blue) price tabs right under Trade. When you select one of the choices, it will bring up the options for your order. Here, you can set the amount of BTC you want to trade with and the leverage you want to trade with. If you check the "Share Trade" box, other traders on the site can see your trade. If someone ends up copying your trades, you will earn a percentage from each copied trade.

You also have the option to set stop loss and take profit. You can also set a trailing stop loss after you have an open position. To learn about stop loss you can visit this link:

https://1broker.com/?c=en/content/trailing-stop-loss

Short

Long

1Broker has added a social feature where other's on the site can share their trades. Selecting the social tab at the top of the page will bring you to this social page.

When you select a trader or trade order, you will see statistics and can also comment on the trade.

If you want to copy a trader, you select copy in the top right of the trader's profile page. From there, it will bring up the options to set the amount of BTC you want to trade with when the trader opens a postion. This feature will copy every order a trader opens and there is a max limit of 10 copied trades per day.

Be careful when using this feature. This is risky and I personally don't recommend doing this but if you happen to find a good trader to copy then that's for you to decide.

When you are looking at a particular pair to trade, there is a "Discover trading ideas" button below the short or long options. Here you can view which way other traders are going on the pair.

I would recommend signing up for a free account on Tradingview for better charts and analysis when you're doing your trades. Now it's all on your strategies that you develop to be a successful trader. There are many trading tools, chat rooms, forums, etc. that you can find or you can come visit @steemspeak on Discord to get some help or ideas on trading.