In just 3 days, even Bitcoin scalping that increased the balance tenfold, after all, is a demo or not BTCUSD
I tried short-term scalping trading with MetaTrader 5.
Because the spread is narrow and volatility is high, my balance increased quickly.
However, since a demo account does not actually impact real market conditions,
I will also 공개 the situation when I actually trade on a real account in the future.
In the cryptocurrency Bitcoin USD, on a demo account the balance increased tenfold in just 3 days.
But whether this will really work on a real account as well
is something you won’t know until you try.
Personally, the impression is that the spreads are
very tight, so it is quite easy to trade.
Starting with $10,000 and trying to trade with
the smallest lot size,
since it uses almost no margin,
I could trade without putting much strain on the account.
BTC moves in the short term, so it’s easier to rack up pips than with currencies.
Moreover, it moves 100 pips or more in a minute, so
even in ranging markets there are countless trading opportunities.
When some news comes out, a trend forms, so
I think even better opportunities will appear.
For some brokers that specialize in currencies,
the forex spread is tight, but the cryptocurrency spread tends to be wider.
However, for brokers that specialize in cryptocurrencies,
the cryptocurrency spread is tight.
Conversely, the forex spread tends to widen.
When trading currencies and cryptocurrencies, it is good to use them appropriately.
However, in this case, the width of the spread significantly affected profitability.
The method is, of course, important, but
the environment is a major factor for a trader.
Regarding spreads, with brokers that offer fixed spreads regardless of volatility
it’s easier to earn with cryptocurrencies.
Of course, every broker has its pros and cons.
Deposits, withdrawals, and other aspects have good and bad points, so
start with a demo account to check spreads and execution speed,
and after confirming, consider how long it takes to actually deposit
and the fees for withdrawals, weighing other factors as well,
to choose a broker.
Next, when placing limit orders, stop orders, targets, and stop losses,
what distance from the current price you can place them at is important.
This directly affects profitability, so
it’s important to check from a cost perspective.