Trade Bitcoin Trading

Buying and Selling Bitcoin - Going Long or Going Short

When it comes to trading Bitcoin online, traders can make profits by buying Bitcoin lots or selling Bitcoin lots depending on the direction of Bitcoin prices. If Bitcoin prices are moving upwards then a btc/usd trader will buy Bitcoin lots so as to earn a profit. If prices are moving down then a btc usd trader will sell Bitcoin lots so that to make a profit.

The prices of Bitcoin at any particular given moment are either moving upwards or downwards in what is known as a trend. The trend is the general direction of the Bitcoin prices. Hence, if the price of Bitcoin is moving in a general upward direction, the trend is upwards and a btc/usd trader should buy Bitcoin, if the price of Bitcoin is moving in a general downward direction, the trend is downwards and a btc usd trader should sell Bitcoin.

Going Long or Going Short

Going Long - When a trader buys Bitcoin this is known as Going LongGoing Short - When a trader sells Bitcoin this is known as Going Short

Long - long is another name used to refer to opening buy trade, when a trader goes long it means that they have bought the BTCUSD cryptocurrency that is heading upwards in a bullish trend. When the prices of Bitcoin are moving in a general market trend that is upwards then the market is said to be bullish.

Short - short is another name used to refer to selling, when a trader shorts Bitcoin, it means that they have sold the BTCUSD cryptocurrency that is heading downwards in a bearish trend. When the prices of Bitcoin are moving in a general market trend that is downwards then the market is said to be bearish.

Buy/Long

Basically the term, "buy long" can be used refer to buying cryptocurrencies in the online Bitcoin trading exchange market. Buy long is used to transact when the prices of Bitcoin are forecasted to appreciate in value compared & analyzed to the USD, when the Bitcoin cryptocurrency, BTCUSD is bought then it's the same as holding value in Bitcoin and instead of holding the value in USD - Holding the Value in Bitcoin after selling USD.

If the price of Bitcoin is going upward we buy, this is known as to as going long, henceforth long is just another name for buy. When the BTCUSD price trend is going upward it is known as to as a bullish, this is when a buy order is placed. A bullish trend is identified by drawing an upward trendline on a Bitcoin Crypto Currency chart. The example illustration revealed below shows long/buy signal.

Buy Long Bitcoin Trade - Buy Bitcoin Trade Example Explained - BTCUSD Bitcoin Buy Long Order - Buying and Selling BTCUSD Trades PDF

Buy Trade/Going Long - Bitcoin Price Upward Trending Market

Sell/Short

Basically the term, "sell short" can be used refer to selling cryptocurrencies in the online BTCUSD exchange market. Sell short is used to transact when the prices of Bitcoin are predicted to depreciate in its value compared to the USD, when the BTCUSD crypto, BTCUSD is sold then it's the same as holding value in USD and instead of holding value in Bitcoin - Holding Value in USD after selling Bitcoin.

If the price of Bitcoin is heading down we sell, this is known as to as going short, therefore short is just another term for sell. When the BTCUSD price trend is going downward it is known as to as a bearish, this is when a sell order is placed. A bearish trend is identified by drawing a downwards trend-line on a BTC/USD Crypto chart. The example illustration revealed below shows short/sell trading signal.

Sell Short Bitcoin Trade - How Do I Open Bitcoin Sell Trade? - BTCUSD Short Sell Trade Order

Sell Trade/Going Short - Bitcoin Price Downward Trending Market

BTC USD Crypto Software/Platform

This is the software which is provided by an online broker to help BTCUSD traders place their transactions of buying and selling Bitcoin. Bitcoin is now one of the currencies provided for trading by traditional currency brokers. The traditional currency broker offer currencies such as EURUSD - EURO traded against the US Dollar and GBPUSD - Great Britain Pound traded against the US Dollar. These brokers now provide Bitcoin trading against the US Dollar - This CryptoCurrency is denoted as BTCUSD. Traders can now trade BTCUSD alongside EURUSD and GBPUSD and other major forex currency pairs. BTCUSD is now provided for trading by these traditional currency brokers because Bitcoin is becoming the most popular cryptocurrency traded internationally and this means that Bitcoin is liquid enough to be offered for online trading. This is because at any one time in the online financial markets there are many people wanting to buy and also many people wanting to sell this crypto - this is why this cryptocurrency is now liquid enough to be offered for trading alongside traditional currency pairs such as EURUSD and GBPUSD.

Once you download & install this MetaTrader 5 platform in your Desktop computer PC you then can begin to trade Bitcoin contracts online. All trades are executed through this Bitcoin platform. If you want to learn a the MetaTrader 5 platform, Learn MT5 Platform Lesson is a good place to start with.

To set these buy & sell orders, open MT5, open a "Bitcoin chart", right-click on "chart ", select ==22==the "New Order ", then choose and select the BTCUSD trade order either sell or buy as shown below. (Short Cut Keys - Press 'F9' Key)

In the illustration below we have used the cryptocurrency pair BTCUSD, if you want to trade Bitcoin - the symbol is BTCUSD and you then can use the buttons shown below to either go long or go short when trading Bitcoin BTCUSD cryptocurrency.

Alternatively you can first open the BTCUSD chart and place a Bitcoin trading order directly from the chart.

Buy Long Bitcoin Trading - Sell Short Bitcoin Trading - Difference Between Sell Short vs Buy Long Bitcoin Trading

Going Long and Going Short on the MetaTrader 5 Platform

Study More Topics and ==22==TutorialsLessonsTutorials--and--Lessons:

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