77% of retail investor accounts lose money when trading CFDs with this provider.
77% of retail investor accounts lose money when trading CFDs with this provider.
TRADING BITCOIN
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Use Fortrade to trade on Bitcoin

What is Bitcoin?

Technology seems to be marching along, and the global community is becoming increasingly interconnected through the internet. Among the advances is a move towards creating a cashless society in which all monetary transactions are conducted online. While not everybody agrees that this would be a good thing, there is no question that in many ways it would make life easier for many. Enter Bitcoin, which launched the world’s first decentralized cryptocurrency (also referred to as digital, or virtual currency) in 2009.

Bitcoin uses blockchain technology, which is a public ledger of all transactions. Every transaction is an individual block in the blockchain, as are balances owned by holders of the cryptocurrency. As a public ledger, the blockchain can be seen by anyone at any time. Each account owner has a personal key to his Bitcoin account, enabling him to make transactions, and then those transactions become part of the public blockchain.

Over the past year, the price of Bitcoin has skyrocketed. At the beginning of October 2016, BTC/USD was $614. On January 2 the price broke the $1000 barrier, in early May it passed $2,000. The price continued to rise, peaking at just under $5,000 on September 2 before dropping to its current level in the $3,900 range.

Bitcoin – The Promise and The Danger

The blockchain technology is excellent for Bitcoin and other virtual currencies, in that it is very difficult, if not impossible to hack (nobody has succeeded so far), and the public accessibility of the blockchain helps insure against fraud and interference by third parties. A second advantage is that the fees for online payments with Bitcoin are generally much lower than those of more traditional forms of online payment. To date, hundreds of thousands of businesses worldwide accept Bitcoin as payment for goods and services.

Being a decentralized currency, governments have not tried to regulate Bitcoin, in part because there is not a single prominent figure or deciding vote with the ability to veto. Rather, decisions are made by general consensus, and its founder is an anonymous person (or group of people) known to the world by the pseudonym Satoshi Nakamoto. This has played a significant role in the increased value of Bitcoin.

Despite all that, many analysts are very cautious when it comes to Bitcoins. The price rose so quickly (more than 700% from October 1, 2016 to September 2, 2017), that many are waiting for the proverbial “bottom to fall out.”

A second concern is that eventually the balance of supply and demand will shift, because there will only be a total of 21 million Bitcoins made available, of which there are already more than 16 million. At the same time, other cryptocurrencies, such as Ethereum and Litecoin, provide an unlimited supply of digital coins, so they may be able to overtake the industry-leading Bitcoin in the coming years.

How Does One Obtain and Trade Bitcoin?

“Mining” Bitcoins is both the verification process of Bitcoin transactions, as well as the method by which new Bitcoins can be obtained. Miners solve complex mathematical puzzles in order to release blocks of Bitcoins. Miners receive some as a reward for successful mining. Anyone can mine Bitcoins from their computer using free open source software, but as the number of people actively mining Bitcoins increases, so too does the difficulty in mining them.

With brokers such as Fortrade.com, as soon a trader creates a valid trading account and deposits a fiat currency to fund the account, he can begin trading the rates for Bitcoin. As with all of the major, minor and exotic currencies, trading Bitcoin CFDs is not something to take lightly or to invest large sums of money before learning the ins and outs of the market. Once you have determined effective long and short strategies for Bitcoin CFDs, the trading can be very enjoyable.  Click on the link below to open an account, and start trading!

Please note: Trading CFDs carries a high level of risk. Your capital is at risk.
For general information only. Not intended to provide investment or trading advice.
Risk Warning and Disclaimer
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Be aware, as a retail client you can lose all, but not more than the balance of your trading account due to Fortrade’s negative balance protection. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CFDs and margin FX are leveraged products that carry a high level of risk to your capital. You should only trade with money you can afford to lose. Be Aware: You can lose all, but not more than the balance of your Trading Account. You do not own, or have any rights to, the underlying assets. Past performance is no guarantee of future performance. This information is intended to be general in nature and is not financial product advice. Any advice contained on this website or provided to you by Fort Securities Australia Pty Ltd is general advice only and has been prepared without considering your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. We encourage you to obtain independent financial advice and consider our Financial Services Guide (FSG), Product Disclosure Statement (PDS) and Target Market Determination (TMD) to determine if this product is suitable for you before deciding to enter into or obtain any financial products issued by us. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.
CFDs are complex and highly speculative instruments, which come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your invested capital. Be Aware: You can lose all, but not more than the balance of your Trading Account.
77% of retail investor accounts lose money when trading CFDs with this provider. These products may not be suitable for all clients, therefore ensure, that you understand the risks and seek independent advice.

Should you proceed with investment in CFDs on virtual currencies, please note, that the values are highly volatile and may result in a significant loss for a short period of time.

This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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