Hello steemains.

Hope we had a lovely day.
Today I will be completing my assignment.

Firstly......! What is CRYPTOCURRENCY CFD

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CRYPTOCURRENCY CFDs is a process that enables individuals to trade and invest in an asset by attracting a contract between themselves and a broker, instead of opening a position directly on a certain market.

It is a decentralised digital currency network that goes with system of peer-to-peer transaction.
CFDs is an entity that stands between two commodity e.g CRYPTOCURRENCY. When you are out to get the asset on it, you try to checkment the time to embark on it in other to know when you will go for it at a lower price and when you are to sell it at a higher price for your own advantage.
It will get to a stage that it will roll to the side you set the price.

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

Developing your Knowledge towards CFDs.

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It is very important that you know have a deep knowledge of what you are about to go into. Not just to invest but for you to know more about it and have a true clearifications about it.

Have it in mind that CFD stands for contracts for different derivative product that helps you to speculate on a range of global markets such as assets, commodities, indices and shares, without having to own the underlying asset. It means that you can get a chance of rising and falling markets, you would have gone short (sell) if you try to predict, the price will fall or go long (buy).

Analyse the markets to go in favour of your trading.

If you are building your CFD trading strategy, you need to draw the type of analysis you will use to identify entry and exit points in the market.

We have two (2) two types of analysis that traders use.

• TECHNICAL

• FUNDAMENTAL ANALYSIS.

TECHNICAL ANALYSIS

This type of analysis predict future direction of a market with a historical price chart.

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FUNDAMENTAL ANALYSIS

It a kind of analysis focuses on external events (what we see) and influences. such as company announcements and breaking news.

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Monitor Your Open Positions.

You may have stops and limits in place, it is important to frequently review your positions. This will help you to identify any problems or opportunities quickly and prompt you to act when necessary.

It is also necessary that you have enough sufficient capital in your account to cover the total maintenance margin required to keep your position open. If your account falls below the minimum level of funds, you will be placed on margin call – which could result in your position being closed if you do not top up your account.

Are CFDs risky financial products?

Talking about risk to your financial products of CFDs, I will tell you it risk is at a high level of you are not mindful of what you are doing that you being very sensitive in all you do, it risk is very fast-paced, and traders should be careful to handle the risk-management strategy in place and placing stop-loss orders can potentially help to minimise potential losses.
Be warned.......!

Do all brokers offer cryptocurrency CFDs?

Yes oh Based on the fact for over 105 different variables, here are the best forex brokers to buy cryptocurrency.

eToro - Best overall for crypto trading.

Explain how you can trade with cryptocurrency CFDs on one of the brokers (Using a demo account).

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You can start trading with the demo account with no stress but very easy to learn and grants you with a safe environment to ensure that you are provided with all the expertise and important informations necessary to be successfully.

Why do I need demo account?

• It will help you to grab the ability of investment
• You hardly nor can get a take results.
• Is free you you.

Thanks to @cryptoacademy

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