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Trading CFD on Cryptocurrencies
Posted On 05/09/2018 15:52:54 by bbtek88

Bitcoin CFDs allow traders to speculate on the price of Bitcoin without actually owning it. You are entering into a contract with your broker with your profit and loss based on the difference between opening and closing prices of the trade. With Bitcoin now maturing, many now consider it just like any other currency or commodity. Overall, this excellent news for Bitcoin. It gives the digital currency another avenue to appeal to users and ultimately helps spread the idea that Bitcoin could well be the future of all money. Let's look at why that is and why it's safer to trade Bitcoin on CFD than to own Bitcoins.

Risk Warning: Trading Derivatives carries a high level of risk to your capital, and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Real ECN accounts offer spreads from 0.0 pips with a commission charge of $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. International 24option holds an Australian financial services license (AFSL) to carry on a financial services business in Australia, limited to the financial services covered by its AFSL. International Capital Markets Pty Ltd. ACN 123 269 169.  

Both instruments allow the use of stop loss and take profit levels. This option can come in handy taking into account the unpredictable and highly volatile nature of the cryptocurrency market. By opening a take profit order, you decide the amount of profit you consider sufficient to exit a trader and close your position. Stop loss, in turn, is aimed at minimizing possible losses, letting you withdraw the rest of your funds when the price level hits a predetermined level.

A CFD is a contract between two parties to change the difference relating to the opening price along with the closing price of the contract. CFDs are derivatives products that allow you to trade on live market price movements without actually owning the underlying instrument. CFD trading permits you to go long if you believe market price ranges will rise, or go short if you think market price ranges will fall.

Learn more at pdextrading


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