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||93.6%||7||$37 887.42||2.19%||4.10%||$740 914 703 934|
|2||ETH||Ethereum predictions||75.2%||40||$2 050.06||1.43%||5.57%||$246 506 860 729|
|3||USDT||Tether predictions||93.2%||1||$1.000301||0.03%||0%||$88 925 672 826|
|4||BNB||Binance Coin predictions||83.2%||27||$229.58||1.34%||0.61%||$34 826 645 047|
|5||XRP||XRP predictions||77.6%||39||$0.611178||1.60%||5.44%||$32 891 765 662|
|6||USDC||USD Coin predictions||92%||1||$0.999723||-0.03%||-0.01%||$24 527 694 579|
|7||SOL||Solana predictions||63.2%||84||$57.87||5.81%||12.26%||$24 503 935 560|
|8||ADA||Cardano predictions||70.4%||57||$0.384113||2.50%||6.35%||$13 558 501 012|
|9||DOGE||Dogecoin predictions||76.8%||44||$0.080192||2.84%||12.17%||$11 388 879 677|
|10||STETH||Lido stETH predictions||93.6%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|11||TRX||TRON predictions||86.4%||26||$0.103213||1.12%||7.03%||$9 139 931 162|
|12||WTRX||Wrapped TRON predictions||83.6%||27||$0.102906||0.58%||6.65%||$9 112 741 438|
|13||TON||Toncoin predictions||84%||29||$2.45||0.16%||5.46%||$8 405 695 668|
|14||LINK||Chainlink predictions||68%||66||$14.48||2.92%||6.94%||$8 065 328 705|
|15||AVAX||Avalanche predictions||59.6%||84||$20.54||1.70%||7.11%||$7 497 665 518|
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