Forex traders can trade stocks using cryptocurrencies, but they need to know the trade-off between security and efficiency.
In the past, brokers have been reluctant to adopt new trading tools, such as cryptocurrency trading, for fear of losing clients to fraud and hacking.
Today, there are several cryptocurrency exchanges offering new trading features, such that it’s possible to make profit using cryptocurrencies on an exchange.
The Forex Brokers Association recently issued a new trading tool called ForexScalping.
Forex broker Kevin Hirschman said it allows traders to “exchange stocks with confidence.”
“I think that this is a really important addition that we haven’t seen before,” Hirschmann told The Next White House.
“There is now a tool that allows us to do this.”
Forex scalpers can use the tool to buy or sell securities, and Hirschmans own brokerages have been able to get clients to trade their stocks for free.
But if traders want to use the new tool, they’ll need to understand how it works.
To learn more about how Forex screeps work, read our guide to cryptocurrency trading and how to get started.
Forey’s cryptocurrency trading strategy