I have two trading strategies that gives very good profits and I would like to know if BitShares could facilitate my trading.
- The first one provides daily signal to enter long or short position on BTC/USD.
- My second strategy is also long and short but applies to fiat currencies pairs like EUR/USD, GBP/USD, USD/JPY and AUD/USD.
The position is kept for 7 days in average.
My idea for the moment is :
Both strategies with FX broker that have fiats pairs and Bitcoin CFD.
or both strategies with FX broker that have fiats and BTC/USD pairs (i.e. FX Open)
or BTC/USD strategy with a crypto exchange that propose short selling (i.e. BitFinex) and the fiat with FX broker
Advantage of using FX broker services is the possibility to automatize trading with Metatrader sofware (MT4) and also to sell trading signals to others traders
(it could be easy for others traders to follow my signals because several FX broker have Bitcoin CFD). The risk to see my account hacked is also reduced, I think here to the recent attack on BTER.
Drawback I can see with regulated FX brokers is that trading Bitcoin CFD or BTC/USD as a 'normal' securities will lead to legal declaration of profits and huge tax
I'm newbe with crypto but I know BitShares offer a flexible and decentralized exchange with various securities to be traded and I would like to know how it could help.
Is there enought liquidity to guaranty order of 10k€ execution on a daily basis ?
It is possible to go short BitBTC for example ? and go short BitUSD, or BitGBP, etc ?
Thank you for any help or advise you could give me,