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Hello steemians welcome once again to my blog I will be covering all the questions asked by professor @kouba01. Thank you prof for this great previlage given to me.

Author= kouba01

what is cryptocurrency CFD??

Before I proceed CDF simply means contract for difference. Contract for Difference it enables different investors/individuals to trade on different available assets, and further invest too all in the motive of making profit in the end.

There are many key advantages in this case a direct trading assets and the ability of an investor to access its trade there-by not only leveraging on the trade alone. The market capitalization and the position of assets bought and been traded on don't directly give out the desired option or what so ever so the investors have to gain via two means the trade, and leveraging on the profit that will emenate from the invested whatever on ground.

The investor in this regard has the advantage to acquire and gain massively in this regard, because he can trade and at the same time get to sell (eazy sell) never minding the nature of the crypto he is trading with.

Different investors put in their monies thereby signing a smart contract, the brokers will be involved too in this regard and themselves too. Opening a side-by-side positioning on a particular market that they will like to key into at the tail end. Let us not forget that the primary responsibility of any investor or a broker is to make profit very important.

How do I know if cryptocurrency CDF are suitable for my trading strategy???

To answer this question straight let me use Bitcoin as a cryptocurrency decentralized,

• traders should be able to any assets that is
  offered as CDF, by so doing you will know that CDF is more-less know that CDF is suitable for your trading strategy you may want to deploy.

• The position of your trade should be set in such a way that the broker will then rely and put it's hope on the different parameters that the investment is been leveraged on.

• The price of the position toled should be agreed before putting pen to paper thereby signing a smart contract in order to avoid the addition of fees. In the case of traders they are been paid/rewarded by the broker.

Cryptocurrency in general over the years have have generated plenty of vital intrest on various investment vis CDF, the value of BITCOIN at the year 2017was worth at about $1,000 at that particular time of asking. One thing you should know is that there is always a hike in price whenever there is rise in cryptocurrency traders will tend to invest and explore the advantage by quickly putting their cash.

Crypto exposes you therefore you will be pushed to emback on forex trading, however the processing duration for buying Bitcoin is much more slogish than the fast fills that occurs in forex trading. Betore you start trading please try and build your forex trading skill to avoid constant looses.

Are CDFs risky financial product

In everything we do in life risk is always involve be it trading or other things but in the case of CDF, we should understand that the difference are made through fiat/ physical money payment, order than the bringing of goods and services secured.the categorization is leveraged on the product that is been brought on meaning the investor leverage on the available product.

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In every mini investment done there is always room for return in profit that is equivalent to the market value at that particular time, understanding how the market works is very important because trading magin can also simplify profit and losses too.

In CDF trading in general the advantage conjugates risk you can't take that away in this regard traders are allowed to exchange different commodities in real faction with a laid down security structure.

CDF serves as an eye catching strategy for investors who engage in day to day trading and leverage on their assets in order to buy and sell their different product with lesser risk.

Industral regulations are very minimal so that makes CDF somehow risky, trying to making sure that your investment doesn't fall into liquidation, lines has to be drawn to ascertain the margin of looses. the commodities that is traded depends on that issued by the CDF so that will mandate the trader to certain things in all ramification other people too that CDF word with.

Remember the question still remains Are CDF risks financial product

Market Risk

• Financial product are profit made from assets bought so I think CDF risks then in some ocassion remember in trading risk is always involve. In this ocassions the investor has to study the market and be able to choose tern trade, believing and having in mind that assets will come low/fall. Instead of risking it by choosing high product.

• After choosing product of lower price the next thing you need do is to have hope and keep believing that the purchased assets will move in the direction that could favour you.

• In trading if you like be the most educated in some seniaros you might be proven wrong too some unwanted information changes the market formation courtesy CDF some miniature changes may lead to big impact on the miximize return on investment.

Financial investment/money risk

In my country Nigeria CDF is legal there are some laws that covers the investors from some not very pleasant CDF providers and their harmful practices

• Fiat transfered to CDF providers must be accounted for to avoid any state of financial anarchy.

• Clients has the ability to operate one of two account via CDF,

• When contracts are been signs investors can pull out even after initial agreement.

• If the investors couldn't meet up with the requirements set aside by the CDF, they can pull out if they want.

• providers can set a Target on the profit maximization.

Do all cryptocurrency brookers offer cryptocurrency CDF??

I don't think that all brokers offers cryptocurrency CDF, in addition for Bitcoin CDF trading strategy, some brokers are been recommended in this key regard like the IG, etoro, and all the rest I prefer this two mentioned shall. For traders/investors who likes to buy massive Bitcoin will surely understand that etoro is better.

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For me I think etoro provide's the best cryptocurrency trading strategy in tense of placing a trade investors have the ability to purchase and also sell Bitcoin. Trade other cryptocurrencies in there, you can also copy trade too

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We have swissquote this is probably the safest broker someone is asking why not etoro, funny although the both are cool shall but there are Differences in quote.

How to trade cryptocurrency using a CDF demo account

Before you trade first all all open a live trading Demo account

• First step go to my FXTM

We have standard account, ECN account and all the rest.

• select demo on where you see what is writtenmy account type

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• Key in your private details that won't be disclosed to the third party.

• Start trading

While you start trading although you need understand the market very well shall before you proceed with whatever cryptocurrency you would like to trade with but after which you will start seeing things of this nature.

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There are different packages for bigginers but your mentor needs mentor you well for you to invest well and maximize your profit. Because that's the essence of trading via the market.

Remember demo account is been founded through vitual fiat. Althought other key technicalities also exist via the live account it will seem nearly perfect if you are just new to the platform.

conclusion

Thank you very much for reading through I really appreciate, professors @kouba01, many thanks as you review my post many thanks.

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Cc:@kouba01