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Webinar: Bitcoin Trading Strategy as Prices Continue to Surge

Webinar: Bitcoin Trading Strategy as Prices Continue to Surge

Nick Cawley, Strategist

In this webinar we looked at the current Bitcoin price action and asked whether the new record highs were putting off traders entering the market. We also looked at the upcoming Segwit2x fork and discussed if a coin ‘airdrop’ was likely.

Discussions include –

  • The CME announced Monday that, subject to regulatory approval, it would launch bitcoin futures before the end of the year. While this adds another layer of respectability, does it add anything new in terms of trading capability?
  • The Segwit2x fork is expected in mid-November with any of three scenarios likely. While the Bitcoin Cash and Bitcoin Gold forks produced new, free, coins, will Segwit2X follow suit?
  • The ‘Fear of Missing Out’ may be force investors to trade when they shouldn’t. We looked at how discipline and the use of the correct risk-reward ratio helps traders make informed, and not emotional, trades.

If you would like to know the number one mistake traders make and how to react, download our free Traits of Successful Traders Guide.

If you missed this webinar and would like to know about future events, see the full DailyFX webinar schedule here.

--- Written by Nick Cawley, Analyst

To contact Nick, email him at nicholas.cawley@ig.com

Follow Nick on Twitter @nickcawley1

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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