Bitcoin trading with its advantage

Bitcoin trading can be extremely profitable for professionals or beginners. The market is new, highly fragmented with huge spreads. Arbitrage and margin trading are widely available. Therefore, many people can make money trading bitcoins.

Bitcoin Advantages
Bitcoin offers benefits to merchants as well, as transactions that involve the digital currency are secure and irreversible. Without the risk of fraud or fraudulent chargebacks, merchants can offer their products at a discount thereby generating more sales or pocket the difference themselves. In addition, with card processors out of the picture, merchants can save on the percentage cut taken by Visa / MasterCard. Another major plus of the new cryptocurrency is the very low cost for sending and receiving bitcoins. While it’s possible to send transactions completely free of charge, it is recommended to pay the small fee in order to speed up the sending process.

Other ways to purchase bitcoins
Aside from the exchanges, you can also buy bitcoins on eBay and similar auction sites. Keep in mind that due to the possibility of chargebacks and fraud, bitcoin and other cryptocurrencies trade at a premium on eBay. Face to face meetups is another option to acquire bitcoins. Checklocalbitcoins.com for bitcoin sellers and buyers near your area. Always exercise caution when doing an offline exchange. Meet during the daytime and in places with a lot of people around. If possible, bring a friend.

AVA Trade
AVA Trade is a forex broker that offers bitcoin trading through a CFD. Two bitcoin CFDs are available, Bitcoin Mini and Bitcoin Weekly. The Bitcoin Weekly CFD has a 20 to 1 leverage and expires every Friday at 21:00 GMT. The Bitcoin Mini only has a 2 to 1 leverage but doesn’t expire. Both contracts are using data from BTC-E and AVA Trade adds around 10$ premium on top of the exchange spread. You can find more about the bitcoin trading conditions here. Bitcoin trading is completely decentralized and does not rely on a network of banks for executing trades thus there’s no set open and closing time. Unlike forex which trades 24/5, bitcoin trades 24/7 (except on AvaTrade).

What Drives Bitcoin Prices?
Regulation and other actions by government entities have one of the biggest impacts on the price of bitcoin. The US and Chinese governments are the ones to watch. Somewhat favorable comments by US lawmakers in November and December of last year underpinned the bitcoin rally.