Posts Tagged ‘bitcoin price’

Using Bitcoin Price Charts for Profitable Trading

When Bitcoin trading is done using the right trading tools like Bitcoin price charts, traders tend to make great returns. Needless to say the traders who have made fortunes trading Bitcoin in the last couple of months know it how important it is for them to use the technical analysis. This is the method that has been helping out traders make great returns.

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Kraken Bitcoin Exchange Launches Margin Trading | Business Wire

SAN FRANCISCO–(BUSINESS WIRE)–Kraken, a San Francisco-based Bitcoin exchange, is pleased to announce

the launch of margin trading. Margin is an exciting instrument that

allows clients to amplify their trading profits and gain in both up and

down markets.

Kraken is now one of the few exchanges allowing clients to trade

bitcoins on margin. Within the next few weeks, Kraken will be

offering up to 20x leverage.

Margin trading is available to clients who have verified their accounts

to Tier 3 or Tier 4.

Click here

to learn more about how to become verified to Tier 3 or Tier 4.

Currently margin trading is only available for the bitcoin-euro currency

pair (XBT/EUR). However, clients can margin trade the XBT/EUR pair using

their USD balance.

At launch, Kraken is initially offering up to 3x leverage, meaning that

a margined position can gain 3x more than the underlying move in bitcoin

price. A 4% gain in bitcoin price means a 12% gain in a 3x long

position. Traders can similarly leverage their gains when the market

drops. A 4% drop in bitcoin price means a 12% gain in a 3x short

position.

Opening a margin position is as simple as toggling a button in the order

form to select the level of leverage and all the other order details

work the same way they do for normal trades, including the many advanced

order types Kraken supports. Open positions are easily closed with an

opposing leveraged order. If you go long 3 bitcoins with a leveraged buy

order, you can close the position by selling 3 bitcoins in a leveraged

sell order.

Initially there is no extra fee for margin trading. You simply pay your

normal trade fee on the opening and closing volume of the margin

position. So if you would normally pay 0.10% for a trade, you will pay

0.10% to open a margin position and 0.10% to close that position.

Positions open for more than 24 hours will also be charged a 0.05%

renewal fee to keep the position open for the next 24 hours. Traders who

wish to avoid this fee should close their position within 24 hours.

For more information on the benefits and risks of margin trading, please

see Kraken’s Trading

Guide and FAQ.

About Kraken:

Founded in 2011, San Francisco-based Kraken (www.kraken.com)

is the largest Bitcoin exchange in euro volume and liquidity and also

trading US dollars, British pounds and Japanese yen. Kraken is

consistently rated the best and most secure Bitcoin exchange by

independent news media. Kraken was the first Bitcoin exchange listed on

Bloomberg terminals, the first to pass a cryptographically verifiable

proof-of-reserves audit, and is a partner in the first cryptocurrency

bank. Kraken is trusted by hundreds of thousands of traders, the Tokyo

government’s court-appointed trustee, and Germany’s BaFin regulated

Fidor Bank.

Be the first to comment - What do you think?  Posted by admin - March 4, 2017 at 11:19 am

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