Hi everyone. This article will cover 1Broker, one of my favorite trading websites and (in my opinion) the best, fastest and most profitable Bitcoin trading website for stocks (e.g. AAPL), forex (e.g. USD/CNY), commodities (e.g. Gold), and more with incredibly low fees. Let's get started.
Opportunities and Profits
Bitcoin and cryptocurrencies are great trades: you can reap excellent profits, though they're somewhat volatile. This is very similar with stock/industrial trading as well, though generally trading stocks requires complicated software, identity verification, and a bunch of extra steps we don't want.
1Broker fixes these problems by allowing you to trade many commodities and stocks with an easy-to-use online website and no verification requirements. There's a set fee of 0.001 BTC for withdrawal, but with just days of simple trading I was able to overcome this withdrawal fee and profit greatly.
Huge Variety of Markets
One of the advantages of 1Broker is the huge variety of possible markets to trade. There are five main sub-groups of markets available:
- Forex refers to currency trading, such as USD/CNY, where you trade on the US Dollar to Chinese Yuan conversion.
- Stocks refers to regular stock trading. They have a huge list of popular stocks you can pick from, ranging from Apple (AAPL) to Western Union (WU).
- Indices refers to trading indices, such as the S&P 500 or the Dow Jones 30; trading indices are essentially an average of multiple stocks put together. I'll mention a lot more about indices in the next section, so don't fret if you don't understand them right now.
- Commodities are valuable physical trades such as Gold, Copper, or Crude Oil.
- Lastly, you can trade Crypto, though that's limited to Bitcoin right now, and I recommend simply buying BTC instead of trading on it.
Indices: What are they, and why should I trade them?
Indices represent some of the best trades ever, intrinsically because of their value. A stock index is a calculated average that moves and sways according to how another set of stocks perform. The S&P 500, for example, relies on 500 set stocks for its motion. But, intrinsically, these indices represent trading on a larger economy. The Dow Jones Industrial index represents trading on industry, and the S&P 500 represents trading on the economy of the United States. If you think the US Economy is going to do well, buy up American indices such as the S&P 500.
However, one of the best selling points of an index is their stability. My favorite index is the S&P 500, because of its stable gains and profitability. Let's take a look at the S&P 500's 1-year chart:
You can see a clear almost-linear upward trend. Don't believe me yet? Let's look at the 5-year chart:
It just keeps rising. Though this is kind of a simple way to talk about the S&P 500, it's pretty obvious that in the long-term, it goes up, because it's pegged to the American economy. This is why lots of people buy into the S&P 500 with their spare cash; when they retire, they can sell their index stock and leave with high profits over the long term.
I recommend looking into all stocks, commodities, and indices to find the best trade for you. Trade in a market you believe in; trade in company stocks for companies you think have future potential, trade in commodities that you think will become more valuable and useful, and trade in indices that represent economies you believe will rise.
How to Trade on 1Broker
Trading seems complicated, but its much simpler than you think. Let's say I wanted to buy some S&P500 stock with 0.001 BTC. Here are the steps to doing so:
Step 1. Visit 1Broker, and create an account or log in. Remember that this requires no verification of any kind.
Step 2. Deposit some Bitcoin into 1Broker to trade with. You need to deposit at least 0.002 BTC if you want to make some tangible amount of profit, but in reality, deposit as much as possible. To deposit, click the blue button that says "Deposit", or visit this link once you're logged in. Follow the directions to add BTC to your account.
Step 3. Click the "Markets" tab at the top, and then click "Indices." This example is to buy some S&P 500, but if you wanted to buy some other type of market, choose that. You'll see a list of possible stock or index markets to choose from:
Step 4. Find the market you want (in our case, "S&P 500" which is at the bottom of the above picture), but don't click on the market itself. Think to yourself: do you think the market's going to rise or fall? If you want to trade on the market rising, which is what we want to do, click the blue button for the market (to the rightmost side):
Step 5. Once you do that, a window/popup will open with your trade details. It should look something like this:
Step 6. Fill in the amount. How much do you want to trade on this market? The higher the amount, the higher potential profit, yet there's also a higher potential loss. Think about this. For our example (shown in Step 5), we're trading 0.002 BTC (about $7 currently).
Step 7. Fill in the leverage. The leverage is how confident you are that the market will sway in your direction. Just like the amount, a higher leverage means higher potential profits or losses. I recommend leaving it as-is and not changing it for best gains.
Step 8. Leave the order type as Market for best results. Fill in the Stop Loss and Take Profit. When/if the price of your market dips to your Stop-Loss price, your order will be closed (sold). When/if the price of your market rises to the Take Profit price, your order will be closed/sold again. Usually, I leave these blank, but the point of them is to make sure that if you're unavailable when the market dips or rises to a certain level, the order is executed or closed for you.
Step 9. At the bottom, you'll see a profit/loss calculator. Play with some values such as +1%, -1%, +10%, -10% etc, to see what you could gain or lose.
Step 10. Click "Create Order." Your order will be submitted, but just like the blockchain or like BTC exchanges, there's some waiting time before it's filled. If you're trading when the market's closed (generally non-business hours), wait for the next business day. Don't worry about this— your order will fill soon, in the next couple of days. Let it sit.
Step 11. If you ever want to close your order (for example, if your order rises greatly and you want to sell it for a profit), simply click on the order in the bottom-left panel of the homepage and click "Close Order." Just like opening orders, you may have to wait just a bit, but it'll be closed very soon.
Congratulations, you just traded some stock! Stock trading is meant to be accessible for everyone, from professionals to beginners, and 1Broker helped me a lot when I first got into it.
Though this post wasn't sponsored in any way by 1Broker, I wanted to thank them for creating a service that brought me lots of profit, and I wanted to share their service with more people who might use it and gain from it.
image sources: 1,2,5,6,7 - 1Broker Website. 3,4 - Google Stocks.
knowledge sources: 1Broker, Personal Knowledge, Google Stocks, Yahoo Stocks
disclaimer: This post was not meant to and should not be taken as investment advice. Please do appropriate research for any investment you plan to make. Stock trades, just like cryptocurrency trades, are very profitable yet sometimes volatile bets, and you could lose on them, but you could gain a lot. Don't invest everything you have on anything; invest little-by-little. Have fun! :)