Bitcoin Circuit is an algorithm based trading app, made for investors to use at a CFD broker. You should know, there are a few versions circulating online.
During the first few weeks of August 2020, this app received a lot of attention on social media in the United Kingdom. The Bitcoin Circuit software that we are reviewing today is the one at: BitcoinCircuitPro.com.
This version is connected with a variety of CFD brokers, some are offshore and some are licensed brokers. Unlike other trading apps, with this one you can see how it works, before you make a deposit.
Bitcoin Circuit Review
When comparing and choosing an automated trading system, the first item we look for is the ability to choose a licensed broker, and the second thing we look at are the settings available for us to configure.
Bitcoin Circuit randomly connected us a Forex CFD broker, so we could not use our preferred broker. The software uses a simple trading strategy, that is based on unknown technical indicators. What makes this product unique, is their risk management settings, which gives you the ability to set a stop-loss and take profits.
You can see in this screenshot below, some of the many configuration options available, look here.
How To Setup The Bitcoin Circuit
Risk Management: The 6 risk management settings are there to let you control your default trade size and minimize losses from bad signals. It is always smart to set the Max Daily Trades & Max Concurrent Trades number very low.
We have seen trading systems that can generate 100 trades in one hour. The Max Concurrent Trades setting is for you to limit, how many open trades are happening at the same time.
Asset Selection: The signals generated by this Robo-Advisor is for various Crypto Currency as the name would suggest. Simply select which Forex Pairs you want the app to trade for you.
Correct asset selection is very important, because algorithm trading apps occasionally work well under normal trading conditions, and then have big losses during a volatile market.
Demo Trading: You will be able to take a tour of the trading software once you are inside the trading room. Just remember, demo trading is not real, and will show fake trades! The purpose of a demo is to show you the features of the software, not true trading signals or results.
The Best Forex Brokers
Bitcoin Circuit connects investors with a variety of Forex brokers both unregulated and regulated. A huge problem with CFD trading are the many scam brokers that steal your money, and are not regulated by a government authority. Many trading robots we have reviewed looked good, but they do not work with licensed brokers which means they are a scam.
It is very important to only invest & trade at a broker that you know and verify has a license in your country!
Visit The Website at: BitcoinCircuitPro.com.