History of Bitcoin Why Trade with FXCM What is Bitcoin? Bitcoin is a global digital currency based on distributed computing instead of gold and banks. At the time of this writing, Bitcoin is the world's largest digital currency by market capitalization (market cap), meaning that its total market value is greater than that of any of digital. Trade Bitcoin with FXCM We have launched our first Cryptocurrency CFD, Bitcoin (BTC/USD). Whether the price of Bitcoin goes up or down, you can take part of the action by trading at FXCM. You can enable the instrument on your account today by typing 'BTC/USD' into the search box on the Trading Station Symbols list window. Bitcoin traders may also want to familiarise themselves with the broader cryptocurrency ecosystem by learning about the prominent personalities and their unique voices. Learn Bitcoin's Price Drivers. In order to trade bitcoin effectively, investors should be familiar with the major variables that help determine the digital currency's price.
Fxcm trade bitcoinSetting up a Bitcoin Breakout Trading Algorithm on FXCM’s Trading Station Platform | Quant News
Clients that hold an open position at the time of an FXCM expiration will have their positions closed at our rate during the market break. Demo Account: Although demo accounts attempt to replicate real markets, they operate in a simulated market environment.
As such, there are key differences that distinguish them from real accounts; including but not limited to, the lack of dependence on real-time market liquidity and the availability of some products which may not be tradable on live accounts.
There may be instances where margin requirements differ from those of live accounts as updates to demo accounts may not always coincide with those of real accounts.
Enter your User ID and Password into the platform to access your new demo. Your User ID and Password were emailed to you. Desktop Download Desktop Platform Windows only. App Store is a service mark of Apple Inc. Android and Google Play are trademarks of Google Inc.
A representative will send your demo login credentials to the email address provided when registration is back online. Risk Warning: Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds.
The products may not be suitable for all investors. Please ensure that you fully understand the risks involved. What is Bitcoin? When market is closed and static spreads are displayed, the figures are target spreads. Spreads are variable and are subject to delay. We strongly recommend thoroughly testing any trading algorithm in a demo environment before deciding to use it on a real-money account.
Demo accounts can be setup for free on this signup page. Once you receive your demo account credentials, launch Trading Station and log in using your new demo account username and password. Now that we have logged in to our Trading Station Demo account, we need to download the actual trading strategy file. Once the file is download, click and drag the file on top of the Trading Station platform and drop the file. Limit Multiplier — Limit Multiplier is where you select how far you want your limit order take profit order to be placed in relation to the opposing channel line.
This particular strategy sets an effective stop loss at the channel low for buy trades and the channel high for sell trades. The default Limit Multiplier value of 1. For example, if a buy breakout occurs and the channel low is 50 pips away meaning the effective stop loss is set 50 pips away , a Limit Multiplier value of 1. Trade Amount in Lots — Select the number of lots you want traded where 1 equals the smallest trade size available on your account for the particular symbol being traded.
Email — Select the email address you would like to receive email alerts. Please note that you must first setup your Trading Station platform using the Email Configurator if you would like email alerts. The rules of the strategy are very simple.
Breakout strategies work well in high volatility environments, which is what Bitcoin often provides.