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:
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.
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.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||87.2%||21||$20 386.05||1.27%||4.08%||$390 814 027 565|
|2||ETH||Ethereum predictions||60.8%||78||$1 376.31||1.87%||2.52%||$168 834 824 310|
|3||USDT||Tether predictions||92.4%||1||$1.000149||-0.01%||0.01%||$68 222 741 977|
|4||BNB||Binance Coin predictions||83.2%||21||$296.13||0.56%||3.97%||$47 777 251 664|
|5||USDC||USD Coin predictions||94%||1||$1.000099||0.02%||0%||$46 439 045 522|
|6||XRP||XRP predictions||60.4%||85||$0.503965||5.75%||13.60%||$25 126 984 915|
|7||BUSD||Binance USD predictions||93.6%||1||$1.000404||0.05%||0.02%||$21 050 734 011|
|8||ADA||Cardano predictions||76.8%||42||$0.435186||0.75%||-0.57%||$14 909 258 504|
|9||SOL||Solana predictions||83.2%||21||$34.39||1.15%||1.69%||$12 216 494 203|
|10||STETH||Lido stETH predictions||94.8%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|11||DOGE||Dogecoin predictions||84.4%||21||$0.065906||1.48%||8.37%||$8 743 789 050|
|12||MATIC||Polygon predictions||70.8%||56||$0.850028||1.60%||13.44%||$7 424 411 111|
|13||DOT||Polkadot predictions||70.4%||59||$6.50||1.24%||0.60%||$7 298 763 043|
|14||DAI||Dai predictions||93.6%||1||$0.999841||0.04%||0%||$6 788 281 179|
|15||WTRX||Wrapped TRON predictions||93.6%||5||$0.062712||0.65%||4.25%||$6 376 303 888|
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