Bitcoin
BTC$23 133.58

1.42%

Ethereum
ETH$1 599.61

1.91%

Tether
USDT$1.000200

0%

Binance Coin
BNB$308.24

1.67%

USD Coin
USDC$1.000019

0.01%

XRP
XRP$0.411013

1.13%

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 59.6% 88 $23 133.58 1.42% 2.54% $445 891 712 056 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 62.8% 85 $1 599.61 1.91% -3.05% $195 750 597 878 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000200 0% -0.01% $67 517 933 738 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 66.8% 72 $308.24 1.67% 1.96% $48 671 544 877 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $1.000019 0.01% 0% $43 082 295 663 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 62.4% 74 $0.411013 1.13% 0.32% $20 880 931 213 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $0.999820 -0.03% 0% $15 795 578 015 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 60% 79 $0.388458 4.39% 7.93% $13 434 775 806 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 64% 75 $0.087652 3.23% 1.90% $11 628 821 575 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 93.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 64.8% 78 $1.15 6.09% 12.97% $10 037 291 413 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 56% 90 $24.52 3.04% -1.34% $9 108 971 332 SOL 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 60.8% 87 $6.59 3.20% 5.92% $7 587 320 916 DOT 7 days price change
14 Avalanche (AVAX) AVAX Avalanche predictions 60% 92 $20.97 17.46% 21.07% $6 601 353 493 AVAX 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62.4% 84 $0.000012 2.99% -2.16% $6 480 328 787 SHIB 7 days price change

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