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 price of Bitcoin at any given time is either going up or going down, which is known as a trend. The trend shows the general direction of the Bitcoin prices. Therefore, if the price of Bitcoin is generally moving upward, the trend is upward, and a btc/usd trader should buy Bitcoin. If the price of Bitcoin is generally moving downward, the trend is downward, and a btc usd trader should sell Bitcoin.

Going Long or Going Short

Going Long - The term for when a trader buys Bitcoin. Going Short - The term for when a trader sells Bitcoin.

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 means selling in trading. When a trader shorts Bitcoin, they sell BTCUSD as it drops in a bearish trend. If Bitcoin prices head down overall, the market is bearish.

Buy/Long

Basically the term, "buy long" can be used refer to buying cryptocurrencies in the online Bitcoin trading exchange market. Buy long lets you trade when you expect Bitcoin prices to rise against the USD. Buying the BTCUSD pair means you hold Bitcoin's value. You swap out USD for that Bitcoin hold.

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.

Enter Long Bitcoin Buy Trade - BTCUSD Buy Order Example - Trade BTCUSD Buy and Sell

Buy Trade/Going Long - Bitcoin Price Upward Trending Market

Sell/Short

The phrase "sell short" is generally used to mean selling cryptocurrencies on the online BTCUSD market. "Sell short" is used when people think Bitcoin prices will go down compared to the USD: selling BTCUSD means you hold USD instead of Bitcoin - holding 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 – How to Open a Sell Trade on BTCUSD

Sell Trade/Going Short - Bitcoin Price Downward Trending Market

BTC USD Crypto Software/Platform

This refers to the specialized application provided by an online broker to facilitate BTCUSD traders in executing their buy and sell orders for Bitcoin. Bitcoin has become a standard asset offered by conventional currency brokers. These brokers typically list pairs such as EUR/USD (Euro versus US Dollar) and GBP/USD (Great Britain Pound versus US Dollar). These same brokers now facilitate trading for Bitcoin against the US Dollar, denoted as BTCUSD. Traders can now include BTCUSD in their portfolio alongside EUR/USD, GBP/USD, and other major forex currency pairs. The inclusion of BTCUSD stems from Bitcoin's escalating international prominence, which ensures sufficient liquidity for offering it as an online trading instrument. High liquidity is maintained because, at any moment in the online financial markets, there is a substantial number of participants eager to buy and an equivalent number eager to sell this cryptocurrency, making it liquid enough to trade alongside established pairs like EUR/USD and GBP/USD.

Once MetaTrader 5 is downloaded and installed on your desktop computer, you can start trading Bitcoin contracts online. All transactions occur through this platform. Beginners can explore helpful lessons available on learning MT5 effectively.

To place these buy and sell orders, open MT5 and open a Bitcoin chart. Right-click on the chart, select New Order, then pick the BTCUSD trade order for either sell or buy as shown below. Shortcut keys: Press the F9 key.

This example uses the BTCUSD pair for Bitcoin trades. The symbol is BTCUSD. Use the buttons to go long or short on Bitcoin.

Alternatively, you have the option to first open the BTCUSD chart and then place a Bitcoin trading order directly from that display.

Buy Long vs Sell Short Bitcoin - Key Differences in BTC Long and Short Trades

Going Long and Going Short on the MetaTrader 5 Platform

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Bitcoin Broker