Make Money on Bitcoin Growth with a Reliable Broker NPBFX
Throughout the year 2020 Cryptocurrencies are not out of the sight of experienced traders. The pandemic and its impact on the global community is not the least contributing factor - for many investors bitcoin is a kind of substitute for gold as a traditional protective asset and a "safe haven". The day before the first cryptocurrency broke the record of its own value, reaching the mark of $13 100. Today, the broker NPBFX (go online) will explain why this happened and what factors will support crypto-assets in the future (project reviews).
The main reason for this rise in bitcoin price was the announcement of the payment system PayPal that users of the service can now buy and store cryptoassets, using them to pay for goods and services online. For now, the feature will only be available to U.S. residents, but the news has already had a positive effect on bitcoin values. In general, the changes of the service will take effect from next year, in the first half of 2021 the company promises to expand the list of countries for which cryptocurrencies will be available in PayPal (How to Make Money on Cryptocurrency?). In the chart below, you can see how the bitcoin price moved at the time of the news release, resulting in a 2019 high.
Bitcoin has added 75% since the beginning of 2020 alone - back in March, its price was dropping to local lows of $3800. And within seven months, bitcoin's value increased by 2,38%. Meanwhile, bitcoin's share of the digital currency market reaches 60.9%, and the daily trading volume varies around $39 billion (forex analytics). This suggests that cryptocurrencies will still show growth in the long term (Cryptocurrency Trading Strategies). Also, the digital market will continue to be supported by the economic crisis - according to the latest data, economic recovery in many countries has slowed down. In addition, some analysts believe that a "tsunami of big investors" is coming to the crypto-market - this year alone, several major companies have invested in bitcoin. For example, on October 8, for $50 million bitcoin was bought by Square, a firm owned by Twitter's creator Jack Dorsey.
How to keep abreast of crypto-market events and not to miss the moment?
In order for traders to keep abreast of current news and the state of the digital market, Forex broker NPBFX has developed a unique platform - analytical portal. It contains many useful tools for professional traders - economic calendar with the most important events, a lot of training materials (electronic textbook, video and text lessons), detailed description and instructions for more than 60 trading strategies, as well as a number of tools-assistants:
- Fresh analytics feed. Professional analytics with charts on all trading instruments of the broker, including cryptocurrencies, are published here on a regular basis. Ribbon publications can cover the whole market in the form of general reviews or a separate trading pair. In addition to analytics, the feed contains an overview of important news coming out in the world. With this data, traders can adjust their own trading strategy and check their own decisions.
- Trading signals. NPBFX analytical portal also publishes trading signals with the update rate of one minute. Signals are available for all trading instruments (including all pairs with cryptocurrencies) and show whether to buy, sell an asset now or to wait. Signals are generated on the basis of the ten main technical indicators: MA10, MA20, MA50, MA100, MACD, BBands, Ichimoku, Stochastic, William`s, ZigZag.
It should be noted that access to the analytical portal is provided to every client of NPBFX broker on a free of charge basis. All you need to do is to register on the company's official website - after that the analytical portal will be available in your personal cabinet.
Make money on bitcoin growth on comfortable conditions with NPBFX broker
Cryptocurrency trading trading with NPBFX is conducted through the most popular MT4 trading platform on three types of accounts - Master, Expert and VIP. You can trade from any device, including mobile (Forex Trading). The company carefully monitors the spreads, they start at 0.4 pips. You can read more about the spreads in the "Contracts Specification" section of the company's official website.
The minimum trading lot - 0.01, the maximum leverage when trading cryptocurrencies - 1:5. At the same time, you can start trading with $10. Qualitative and fast execution of orders is provided thanks to the STP/NDD technology. In this case, the company's servers are located in a powerful data center Equinix NY4 in New York. It is worth noting that this data center is used by the world's largest stock exchanges, such as Nasdaq and NYSE. Thanks to modern technology and analytical support, NPBFX crypto-traders can react to what is happening in the market in a timely manner and profit.
Short Synopsis. NPBFX broker serves clients in the market Forex for more than 20 years since 1996. Initially, servicing of private clients was conducted on behalf of Nefteprombank JSC. In 2016, after rebranding, servicing of private traders was transferred to the international company NPBFX Limited. During its many years of experience, the broker has repeatedly proved its reliability and won the trust of thousands of traders from all over the world. Besides, the company is a member of the Financial Commission which guarantees an additional safety level for traders - in case of disputes by the decision of the Commission traders can be compensated up to 20 000 Euro.
So, everyone can earn on price movements of the main cryptocurrency with NPBFX on profitable and safe conditions. Start with a simple registration on NPBFX forex broker website.