Bitcoin
BTC$29 380.18

-3.28%

Ethereum
ETH$1 959.56

-5.15%

Tether
USDT$0.998958

-0.01%

USD Coin
USDC$1.000329

0.03%

Binance Coin
BNB$321.57

-3.53%

XRP
XRP$0.403749

-5.20%

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 61.2% 87 $29 380.18 -3.28% -2.43% $559 642 402 733 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 59.2% 88 $1 959.56 -5.15% -4.83% $236 921 809 457 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $0.998958 -0.01% 0.02% $73 198 714 964 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 91.6% 1 $1.000329 0.03% -0.01% $53 273 212 846 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 61.2% 88 $321.57 -3.53% 6.21% $52 504 644 349 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 58% 91 $0.403749 -5.20% -5.34% $19 518 470 146 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 92.8% 1 $0.999393 -0.21% -0.08% $18 312 587 333 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 59.2% 93 $0.515615 -6.46% -10.22% $17 403 339 497 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 60% 91 $50.05 -7.03% -9.13% $16 981 972 785 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 58% 90 $0.082722 -5.26% -7.04% $10 974 841 808 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 60.4% 90 $9.97 -5.87% -7.56% $9 850 001 505 DOT 7 days price change
12 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 57.2% 87 $29 401.79 -3.22% -2.31% $8 132 620 498 WBTC 7 days price change
13 TRON (TRX) TRX TRON predictions 73.2% 56 $0.081939 7.58% 16.52% $7 754 289 182 TRX 7 days price change
14 Avalanche (AVAX) AVAX Avalanche predictions 58.4% 93 $28.73 -10.25% -14.09% $7 737 939 953 AVAX 7 days price change
15 Dai (DAI) DAI Dai predictions 90.8% 1 $1.000302 -0.03% 0.01% $6 573 514 573 DAI 7 days price change

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