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How to trade bitcoin (BTC/USD)

A plain, practical guide for traders in Australia — lots, leverage, margin, costs and the risk rules that keep beginners in the game.

btc/usd · one bar, one hourTARGETENTRYSTOP
A plan is three prices decided before the entry, not after.

Bitcoin (BTC/USD) is traded as a CFD — you speculate on the price, you don't own the metal or coin. One standard lot is 1 BTC.

Lots, leverage and margin

Margin is what your broker locks to open a position: (lots × 1 × price) ÷ leverage. At 1:200 a 0.10 lot needs $38.50. Use the margin calculator.

Size to a fixed risk

Decide the money you'll lose at your stop first, then let the position-size calculator pick the lot. Never size by how much margin you have.

A first bitcoin trade, in the order the steps actually happen.A first bitcoin trade, in the order the steps actually happen.01Decide the loss youacceptIn money, before thechart. Everything elsefollows.02Find where the ideais wrongThat price is the stop— not a round number.03Let the size becalculatedRisk divided by stopdistance, in lots.04Check what it locksMargin at Up to 1:200,which is a maximum andvaries.05Count the costSpread on entry, swapfor every night held.
A first bitcoin trade, in the order the steps actually happen.

Costs

You pay the spread on entry and an overnight swap if you hold. Factor both into every trade.

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FAQ

Common questions

What are the first practical steps to place a bitcoin trade?

Choose a platform, fund the account, decide direction and size, then place the order with a stop loss. Before any of that, calculate position size and margin so you know the risk in A$ terms. Our position size and margin calculators let you work those numbers before you click buy or sell.

How do I calculate the margin for a bitcoin trade?

Margin equals position size multiplied by price divided by leverage. At 1:200, a 0.10-lot bitcoin position at the reference price of about 77000.0 needs roughly $385.00 margin. Remember that leverage is a cap, not a target, and the margin calculator shows how the requirement changes with size.

Where should I put my stop loss on a BTC/USD trade?

Place the stop where your trade idea would be proven wrong, not at an arbitrary distance. Then check that the distance in pips, multiplied by pip value and position size, keeps the loss within your risk limit. Our pip value and position size calculators make that check quick before you enter.

How do I fund a bitcoin trading account from Australia?

FxPro accepts PayID and bank transfer for Australian clients, so funding is done in A$ through those methods. Confirm the receiving entity and any conversion before sending, because your account is with an offshore entity. FxPro is licensed by the FCA (UK) and CySEC but does not hold an ASIC licence.

How do I know when to take profit on a bitcoin trade?

Set a profit target before entry based on a level the market is likely to respect, such as a prior high or a pivot point, and size the trade so the reward justifies the risk. Our profit calculator converts the target into A$ so you can compare it with your stop distance.