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Now you can trade Crypto 7 days a week on MT4 and MT5 Icmarkets

by admin June 12, 2022 2 min read 0 comments

Key Takeaways

  • Market conditions and their impact on trading decisions
  • Key levels and price action analysis
  • Risk management strategies for this setup

Cryptocurrency CFDs, trade coin with mt4 mt5
Cryptocurrencies are volatile, unregulated, decentralised and controlled almost exclusively by retail speculators. Trade the world’s newest and most exciting asset class as CFDs with an FSA regulated Forex CFD Provider.
Please note that some symbols may not be available on weekends. Detailed trading sessions are available on the platforms.
Now you can trade Crypto 7 days a week on MT4 and MT5.
The leverage available on Crypto pairs BTCUSD, ETHUSD, LTCUSD and BCHUSD is now 1:200 for clients registered with Raw Trading (not UK clients).
Unlike other asset classes (FX, Equities, Commodities, etc.), the Cryptocurrency market is dominated by retail speculators. With IC Markets Cryptocurrency CFDs, you’ll trade in a market where there is no central bank intervention, interbank dealers controlling order flow or giant pension funds moving prices.
Price movements on Cryptocurrencies like Bitcoin or Ethereum are driven primarily by news and prevailing sentiment, i.e. the fear and greed of retail speculators. These sometimes dramatic shifts can lead to massive intraday price swings, making Cryptocurrency CFDs an exciting product for aggressive and experienced day traders.
The IC Markets Cryptocurrency CFD product allows traders to go long or short without actually holding the Cryptocurrency. This means traders can get exposure to the price of the Cryptocurrency without worrying about the security risks associated with storing it and the counterparty risk from the exchange. This is similar to trading Energy Futures such as oil rather than owning physical oil to speculate on its price.

Trading Data Snapshot

Always verify current market conditions before executing any trade. Past performance does not guarantee future results.

A
admin
Trading analyst and market commentator with expertise in technical analysis, price action, and risk management. Dedicated to helping traders make informed decisions.

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