Bitcoin
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-0.39%

Ethereum
ETH$1 894.98

-0.35%

Tether
USDT$1.000174

-0.02%

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BNB$306.07

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USD Coin
USDC$0.999825

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XRP
XRP$0.521971

-0.71%

Cryptocurrency CFDs trading with LegacyFX


09 Sep 2021

#Bitcoin

A branch of cryptocurrency trading that several investors are looking into is CFDs. This branch of the financial markets has proven to be a great investment option for digital currency traders. CFD means Contract for Difference. This popular derivate trading form enables cryptocurrency traders to speculate on the fluctuating prices of investment options in the financial markets. This includes indices, shares, currencies, treasuries, and commodities. With regards to the digital currency, you can speculate on the prices of crypto coins and make a profit from your speculation without actually owning the asset.

Thus, as a cryptocurrency trader with a passion for CFDs, you are not investing in a personal asset but stand to make a profit by speculating whether an asset will rise or fall in price. If your predictions are right, then you make a profit from your speculations.

As a CFDs trader, you can invest in a particular digital currency and hope it appreciates. The difference between your investment and the price after its appreciation is your profit margin. Note that at no point during the trading does the asset belong to you. That’s the major difference between CFD trading and the traditional cryptocurrency trading where an investor owns the asset.

CFDs traders are not limited to a specific asset. They have the freedom to invest in any asset of their choice. Some of the common tradable assets for CFD traders are:

There are two basic ways of trading Contract for Difference. You can either go short or go long. How?

Hence, as a trader, you can make a profit from trading Contract for Differences regardless of the market situation. Whether assets are depreciating or appreciating, you can go short or go long and make a profit from your predictions.

Cryptocurrency CFDs Trading Steps

Trading cryptocurrency CFDs is pretty easy. The six steps below will get you started with ease:

Trading cryptocurrency CFDs can be challenging if you don’t trade on the right trading site. However, if you make the right choice, trading is fun and highly rewarding. Over the years, FX Empire has proven to be a reliable trading platform for prospective traders from all walks of life. It offers such traders a trading channel that will support their dreams by supporting and educating them when necessary.

You can visit their website and create an account. Use the Sign Up menu to create your account and provide all the required information. Once you are done, credit your account with your trading amount and choose the digital currency you want to invest in.

Many are making a living from trading cryptocurrency CFDs. It is your turn to create a source of passive income by trading in this special aspect of the financial market. LegacyFX is a great platform to start from. The cryptocurrency trading platform offers you the opportunity to invest in cryptocurrency CFDs and make cool money from your trading.

The trading site provides traders with the tools they need to succeed at trading. Among other things, you will find a list of potentially profitable cryptocurrency CFDs to trade, training materials, and a list of reliable brokers to choose from if you need their professional advice. You can seize this opportunity to up your game and trade like a pro, a great way to increase your winning chances.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 90.8% 9 $27 055.66 -0.39% -0.48% $524 669 725 967 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 90% 5 $1 894.98 -0.35% 2.42% $227 844 872 746 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.6% 1 $1.000174 -0.02% -0.02% $83 166 973 934 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 91.2% 3 $306.07 0.02% -0.90% $47 702 595 499 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 96% 1 $0.999825 -0.02% -0.03% $28 899 378 488 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 74.4% 45 $0.521971 -0.71% 10.46% $27 135 704 360 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 90% 5 $0.379124 0.50% 1.62% $13 229 192 372 ADA 7 days price change
8 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 90% 10 $0.072640 0.31% -0.21% $10 142 142 620 DOGE 7 days price change
10 Solana (SOL) SOL Solana predictions 83.6% 26 $21.32 0.78% 3.90% $8 462 207 094 SOL 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 85.6% 24 $0.900797 0.34% -2.83% $8 358 921 794 MATIC 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 74.8% 41 $0.081746 -1.70% 5.86% $8 311 630 709 WTRX 7 days price change
13 TRON (TRX) TRX TRON predictions 78.4% 46 $0.081857 -1.78% 5.79% $7 382 911 123 TRX 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 76.4% 43 $95.17 0.50% 5.92% $6 953 692 629 LTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 92.4% 7 $5.34 1.42% -0.72% $6 356 795 655 DOT 7 days price change

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