Bitcoin copy trading, signals and alerts
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Bitcoin trading offers excellent advantages for ordinary retail investors over more traditional markets.
Unlike traditional trading platforms, many Bitcoin exchanges offer peer-to-peer order books. This means that traders have the option of being a market maker, providing liquidity by placing orders for others to fill rather than taking whatever deals are offered to them. By doing this you can earn ‘the spread’ rather than paying the spread as you normally would. Effectively this can mean that you ‘become the house’ and that the odds are therefore stacked in your favour rather than against you. Most exchanges also do not require you to be a wealthy ‘accredited investor’ and some even allow for anonymous trading so that you don’t have to go through the hassle of scanning and uploading ID.
But as open as Bitcoin trading is to ordinary people, you still need to know what you are doing in order to make a profit. Not everyone has the knowledge, skill or spare time required to be a successful trader and to make a profit.
Fortunately, various services exist to help you make a profit from bitcoin trading even if you are not an expert market analyst able to spend all day in front of your screen following the latest market developments.
Bitcoin Copy Trading
1Broker is a trading platform that allows for trading of Bitcoin / USD as well as trading company stocks and forex markets using bitcoin deposits. They have a social trading section where you can automatically copy the trades of the most successful traders with as much of your balance as you would like to make available for that purpose.
eToro is one of the biggest copy trading services in the world, and does include Bitcoin as well as a wide range of other stocks, indices, currencies and commodities. There seem to be fewer traders specializing in BTC that 1Broker, but if you want to trade digital currency alongside more traditional instruments then this is a good place to take a look.
Bitcoin trading signals, trade ideas
In any market there are always experts willing to share their latest analysis and trade ideas for a price, and this one is no different.
Pro IHB is a membership service that is currently accepting reservations for future spots when they become available. It includes a bi-weekly ‘intelligence report’, a daily ‘morning briefing’ and important breaking news alerts. They also boast a few extras such as educational resources and trader chat.
Sunshine Profits is a long-established newsletter service for traders covering a wide range of markets including Bitcoin. Paying subscribers get access to a bi-weekly newsletter and occasional intra-day trading alerts with expert market analysis and trading ideas.
Bitcoin price Alerts
Some traders may think that they can analyse the market themselves, and do not need to rely on copying other people’s trades or on taking trading ideas from market gurus. But even these more advanced traders may find that they don’t have the time to always be in front of the screen and watching the market when important opportunities arise.
For these people an alert system such as the one provided by Coindera can be very useful. This highly configurable service allows you to set alerts based on specific price levels, percentage price changes in either direction, volume changes and more. Its simple to set up, you can get started for free, and if used correctly will put you in a position where you will always know when you need to stop what you are doing and log-in to your favourite exchange to adjust your orders.