Hi steemians how are you. I hope you will be enjoying your life. Greetings to respected @kouba01 This is my homework for dear mentor.
CFD:
CFD stands for contract for trading. It is controlled by British institutions. Actually, It is an agreement between trader and broker. Through DFD a trader can buy a sell his crypto currency. There are two terms that must be explained to understand the CFD. First one is bid. Bid is the lowest value at which broker can purchase our crypto currency. While the 2nd one is asking, here the broker cans sale crypto currency to us. Current price relies between ask and bid. Therefore, broker can purchase our crypto currency somehow less than current price and sell crypto currency at above current price.
How do I know If crypto Currency CFDs are suitable for my trading strategy:
It is suitable for our trading strategy if we forecast the price of crypto currency by using any technique. In this way we have known about the future price. Now it is secure to trade by CFDs. If we can’t predict the future price, then it is risky to trade through CFDs. Another option is leverage where one can take loan by using a little investment. Here is the loss is acceptable.
Are CFDs risky financial products?
Yes, CFDs are risky financial products. There is always a chance of using money. A person who cannot have much experience about CFDs, he is always a victim of it. We have seen man peoples to losing a large amount through CFDs.
Do all brokers offer crypto currency CFDs:
No, all brokers cannot offer crypt currency CFDs. Some brokers may make trade through fiat money. But many traders are working through CFDs in crypto currency market.
Explain how you can trade with crypto currency CFDs on one of the brokers (using a demo account):
[screenshot]
[screenshot]
[screenshot]
Here is my demo account first of all I open eToro website. Where I have created my account by entering specific data. when account was created then I enter my password and user name and click on login. After login, following page was opened.
[screenshot]
in the above picture, one may have to click on complete profile. After completing profile, click on deposit for making any trade and following page will be opened.
[screenshot]
in the above picture, you may see that a box is shown where you may enter the amount which you want to deposit. After that I cannot continue because I have not deposited any amount. If you deposit any amount, then a box will be opened where you can see buy and sell button. For buying through CFDs click on buy button and for selling click on sell button.
that's all from my side. I hope you would like my efforts.
Hello @mubeenaslam,
Thank you for participating in the 2nd Week Crypto Course in its second season and for your efforts to complete the suggested tasks, you deserve a 6/10 rating, according to the following scale:
My review :
Acceptable content in which you have answered the questions posed in a way specific to you that lacks a bit of analysis and criticism.
Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thankyou dear sir, surely, next week I would come with much improvement.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@kouba01 sir I think you have missed this one. still waiting for your kindness.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@kouba01 sir you have checked the next one but my work is still missing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit