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1. Exchange RatesBeginners may find it quite difficult to trade BTC at the beginning of their careers. The strategy requires some good knowledge and real-life trading experience. Investors must know exactly which rates are used by their online Forex broker. We know that sometimes different platforms can generate different quotes and exchange rates for the same currency pair. The same happens to crypto.2. FraudsDespite transparency and blockchain technologies, coins are prone to fraud and hacker attacks. We have already heard thousands of news describing cryptocurrency thefts So it is very important to select a trusted and reputable trading platform. One should take all necessary precautions to keep his or her digital assets safe.3. USD Rates and Market VolatilityTo trade BTC as Forex, you will probably opt for the BTC/USD pair, as the most-traded one. Bitcoin can be extremely volatile. At the same time, different factors can affect the USD rate, especially during market turbulence, growing interest rates, soaring inflation, and so on. Dollar-bitcoin rate variations are very likely. So, you need to have different strategies in mind to quickly react to the market changes.4. LeverageHigh leverage can be a real nightmare for amateur traders. It increases the risk of losing everything right at once. This happens due to the lack of investors’ valuation mechanism. A common mistake for 90% of all rookies.

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