Do you have an interest in the cryptocurrency market? Do you want to start trading? Are you unsure of what cryptocurrency trading entails? Do you know how the market works? If your questions are similar to this, then we will break it down for you to get started with your trading career.
To start trading in any capacity, you must understand that trading cryptocurrency comes with a great risk where you can lose your capital. Bitcoin investment can be very volatile similar to other cryptocurrencies in the market.
Before journeying the route of trading cryptocurrency, you must carry out research and be convinced about the investment you are going to make. You need to be ready for the possibility of losing your capital because the market is unpredictable.
CFDs are assets that you don’t own physically but trade; Traders speculate on the price of these assets. That means as price moves up or down in value, you can take advantage of these movements. That is how traders take advantage of the price fluctuation in the market.
You can trade CFDs on the global market including commodities, indices, currencies etc. Trading CFDs gives you the freedom and access to different assets in the market. They are leverage product, which means you trade them on margin. You can trade the following CDFs with 101Investing.
The cryptocurrency market is one of the biggest financial markets to trade; however, the platform or exchange you use in trading is also important. Choosing the right platform to trade isn’t something to take lightly as it will affect everything you do in the cryptocurrency market. Therefore, conducting proper research is essential to building your career in trading.
To guide traders when it comes to trading digital currencies, you need the best platform. Most new traders find it hard to identify important things to consider before using a trading platform.
Here are a few things to deliberate on before choosing a trading platform in the cryptocurrency market.
Trading cryptocurrency comes with potential benefits, which is the first trigger point for a beginner. Security and control – The security and control that comes with cryptocurrency trading is one that many people consider. Unlike fiat currency, cryptocurrency is safe and encrypted to make the users money secured.
Low fees – Another interesting benefit of cryptocurrency trade is the low fee that comes with it. Usually, the fee depends on the platform you use because some platform doesn’t take little or no payment.
Portfolio diversification and hedging – If you have issues with the value of traditional currencies and central bank quantitative easing, bitcoin investment offers a simple way to hedge and spread your risk. However, it needs to be done carefully or it could be very risky and may lead to losing.
Despite the potentials in the cryptocurrency market, there is also a drawback to trading. Remember, trading cryptocurrency is a risky venture where you can lose your capital.
High volatility – In volatility is a good thing since the upward and downward movement of price offers traders different opportunities. Nevertheless, for traders, too much volatility creates a high level of uncertainty in the market. Therefore, finding good entry and exit points can be difficult.
You already know what to look for in a reputable trading platform; the next step is putting that information to work. 101Investing is a transparent platform where you can start your cryptocurrency trading in CFDs; the platform has every information you need to help you navigate through the cryptocurrency market.
However, to start trading with us, here are a few steps to make the process easy for you.
Once you have completed the registration process along with the necessary documentation, the next start is to start trading your favorite cryptocurrency in CFDs. You can follow these simple steps if you want to know how to trade bitcoin with us.
Forex trading is purely different from CFDs since it is mostly based on the forex market. However, CFD trading comprises of different contracts, which include commodity, index, and share CFDs.
Crypto trading is very risky because of the level of volatility in the market. Nevertheless, when you open an account with 101Investing, you get the access to all the information needed to start trading.
The cryptocurrency market is a unique market that carries many benefits and risk. The market is a 24-hour market with a lot of potentials for traders that understand the market. Despite this, trading with the right platform is very crucial to your success.
In this article, you have learnt how to choose the best platform for you when you want to trade cryptocurrency. Furthermore, trading is not a one-way journey; there is also the potential of losing your capital since the market is very volatile. For beginners, it can be hard starting your trading journey.
However, 101Investing has all the materials and tools to ensure you get all information needed, to help you get the best out of your trading. You can trade CFDs with us and take advantage of price fluctuations in either direction. Importantly, we offer various financial assets that you can trade with CFDs without physically owning the asset.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||87.2%||11||$23 363.14||-0.03%||-2.65%||$446 823 684 066|
|2||ETH||Ethereum predictions||75.2%||54||$1 868.52||1.92%||-0.51%||$227 993 947 896|
|3||USDT||Tether predictions||94.4%||1||$0.999977||-0.01%||-0.04%||$67 547 880 122|
|4||USDC||USD Coin predictions||95.6%||1||$0.999951||0.01%||0.01%||$52 853 692 355|
|5||BNB||Binance Coin predictions||70.4%||61||$303.33||-1.00%||-6.38%||$48 938 685 508|
|6||XRP||XRP predictions||89.2%||10||$0.378717||0.24%||-0.28%||$18 700 123 577|
|7||BUSD||Binance USD predictions||92%||1||$0.999950||0.02%||0.01%||$18 538 747 093|
|8||ADA||Cardano predictions||84.8%||27||$0.528389||-1.39%||-0.64%||$17 930 371 507|
|9||SOL||Solana predictions||80.8%||32||$40.86||0.98%||-4.45%||$14 252 057 103|
|10||DOGE||Dogecoin predictions||84.8%||29||$0.077619||-3.50%||9.27%||$10 297 802 123|
|11||STETH||Lido stETH predictions||92.8%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|12||HEX||HEX predictions||70.4%||62||$0.055681||-5.02%||-9.31%||$9 655 716 850|
|13||DOT||Polkadot predictions||75.2%||51||$8.39||-0.08%||-8.83%||$9 297 483 290|
|14||SHIB||SHIBA INU predictions||76.4%||44||$0.000014||-4.14%||15.33%||$7 806 235 316|
|15||MATIC||Polygon predictions||82%||24||$0.893855||1.02%||-2.98%||$7 188 492 292|
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