Today’s article reveals one of the easiest systems to trade Bitcoin. This is a fun way to earn passive income, and you can turn a profit at any dollar amount.
Why?
Because there are no commission fees!
Seriously, it’s a fantastic system for generating low-risk gains.
I’ll explain.
1. Understand The Power Of Limit Orders
New traders (and many hobby investors) never realize that there’s a way to buy BitCoin at prices you feel comfortable with.
They’re used to buying at the exact market price as it is, right now.
Something that’s not always a smart idea.
If you’re looking to save money or capitalize on market dips, you need to set limit orders. These are simple to do, especially if you’re using the Robinhood App.
Here’s a step-by-step guide:
(Click The “Limit Order” Tab Under The “Buy” Section When Viewing BitCoin On Robinhood)
(Enter The Amount You Are Willing To Pay For One BitCoin)
(Enter The Amount Of BitCoin, In US Dollars , You Want To Purchase)
It’s as easy as that!
2. Use Robinhood (It Lets You Trade BitCoin For Free)
I’ve already mentioned Robinhood above, but I also want to tell you why I think it’s a great trading platform.
Especially when you compare it to other options.
While I love big crypto exchanges like Coinbase, these firms all charge hefty commission fees.
You’ll often find yourself paying 2 – 3% per transaction. Not good! Especially if you want to trade BitCoin on a regular basis. These fees will quickly eat up your profits. Coinbase and similar sites are good for long-term buyers, not frequent traders.
If you’re looking to jump in and out of BitCoin as quickly and cheaply as possible, use Robinhood.
It’s the perfect tool for making commission-free trades, and you’ll get a free stock when you sign up for the platform using this referral link.
3. Set Your System To Autopilot
Once you’ve purchased BitCoin at your target price, set up a limit sell order. You want to make this higher than whatever you paid for BitCoin (obviously), and Robinhood will sell your crypto once it reaches this threshold.
With the crypto markets as volatile as they are, this can be a perfect strategy for buying dips and selling peaks.
If your curious about trading, give this system a try.
P.S. I just want to remind you that Robinhood gives you a free stock when you sign up through this referral link. That’s an automatic profit on your end, without even having to do anything.