CRYPTO ACADEMY WEEK 10- HOME WORK FROM @kouba01|| done by @kingworldline

Hello am so glad to be part of this special edition with our new great professor @kouba01, you are welcome professor.

INTRODUCTION
is observed that the rate at which the traders invest in the the world of cryptocurrency is escalating.
Due the the rise up and fall of the cryptocurrency (fluctuation) has create a great interest to the the traders, in other to invest and gain so with regards to the contracts for difference trading on using broker etoro which can also be profitable and disastrous in the other way round.

ANSWER ONE
WHAT IS CONTRACT FOR DIFFERENCE (CFDs)
This is agreement reached based on underlying cryptocurrency, digital asset, stock and commodity. in this case trading with all this demands expectation either the rising of the asset of depreciation of the asset as the case may be with out full ownership. this now draw down the attention of forecasting in the market where you can predict what the future hold for your business on trading whether to invest on a long term duration or short term duration with expectancy that the market value will rise in the future, also technical forecasting where you observed that the market value will fall you you have to sell out, well known as short position.

ANSWER TWO
Basically the Contract for difference (CFDs) is design for the traders therefore i believe is made for our caliber who trades on assets, cryptocurrency, for the trading to take place there must be nature of fluctuation of price in the marketing sector since is contract for difference (CFDs) is dynamic in price i believe is suitable for me the increase in price is a natural phenomenal in market trading.
And also how i know is suitable for me is that i need to be aware of the long and short position, i need to be aware of forecasting and know how to use the margin and leverage as the case may be, also with (DMA) known as direct market access can make me to trade from any location at a global level, it also give me the access to benefit from each side.
If am having in mind to invest in a long term trading can be a reason to say is suitable for me as trading strategy.

ANSWER THREE
Due to the fluctuation and unstable price, there is a high probability of high lost in trading than gaining which answer the number three question as a risky product to abide with. without the proper use of the leverage and margin will result to big loss.

ANSWER FOUR
The answer to the question is NO, no brokers is offering cryptocurrency at the moment and is known that some of the brokers offers contracts for difference against cryptocurrencies.

SOME OF THE CRYPTOCURRENCY OF CONTRACT FOR DIFFERENCE ARE:**

1. XTB; Deals with Bitcoin, Dash, Litcoin, Ripple.

2. ETORO; is top rated crytocurrency which deal with (Ethereum, Ripple, Bitcoin, Dash and other and regulate with ASIC, CYSEC, FCA.

3. PLUS 500; is mostly used by the beginners.

SCREENSHOT ON HOW TO TRADE ON CRYPTOCURRENCY CONTRACT FOR DIFFERENCE (CFDs) ON XTB DEMO
FELLOW DOWN THE RED ARROW

SCREENSHOT

SCREENSHOT

SCREENSHOT

SCREENSHOT

SCREENSHOT

SCREENSHOT

CONCLUSION
With correct prediction/ forecast on contract for difference (CFDs) you gains;
WHILE
With wrong prediction/ forecast on contract for difference (CFDs) you loose.

THANK YOU FOR READING THROUGH THIS HOMEWORK.

@kouba01
#kouba-s2week2 #cryptoacademy