If you are looking to invest in bitcoin margin trading but don’t have the time to manage your portfolio by yourself, a solution is on the way. First Global Credit, a firm that enables cryptocurrencies to be used as collateral margin to trade stocks, commodity futures and ETFs , will launch a forex and CFD brokers style copy trading service later this year.
First Global Marketing Director Joe Belmonte explains: “The Star Trader Program is something we are really excited about because it pairs the talents of profitable traders with people who hold bitcoins but may lack the skills to trade profitably on their own. This service will allow bitcoin holders to review live track records and use them to select traders to follow. When the Star Trader places a trade for his account, the person tracking them will have trades placed on their behalf at the same time.
The follower gets the profit. The Star Trader will set a performance fee and get that when they deliver a return for their followers. This is a completely hands-free solution. We know there are similar systems in the conventional trading community, but these generally require the trader to figure out how to apportion their trades. Our trading platform will handle this entirely for the trader and their trackers, deliver report and profits directly to everyone’s account.” New competition
First Global also announced that it is to about to launch a new bitcoin trading competition in April looking for traders that can generate the most profit by using bitcoin as trading collateral in four different categories: the most profitable stock trader, the most profitable currency trader, the most profitable futures trader and the most profitable all around trader. Each player is provided with a free account loaded with 100 competition bitcoins which are […]
