A Forex trader’s perspective on Bitcoin

One of our regular readers took a gander at trading Bitcoin

ForexFlow reader John B has had a look at trading Bitcoin. Here’s his review;

“I have been fascinated by the whooplah surrounding Bitcoin. So I decided to have a gander at it on my Demo account and this is what I found. Fundamentals = there are none. Technicals, well the only one I found was an exponential curve on the stairway to heaven.”

Bitcoin

“The cost of entering a trade is prohibitive, ranging between $250 – $375, depending on the time of day for a full unit. Plus if you left a trade on overnight the cost of a swap was the weeks grocery bill. So for me, I’ll stick to what i know best, FX. Tulips have never been my strong point”

Just for you JB;