Crypto currency is a digital assets or digital currency.It is powered by the internet with users within associated network providing verification that enables transaction to occur.

It is meant as a medium if exchange and has become a global phenomenon known to all and understood my few.Itbhas made it easy for exchange of funds to be easier,faster and convenient for the users without the presence of a third-party like banks and so on.

As of 2018, there are more than 1,600 cryptocurrencies available which the popular include:Bitcoin, Ethereum,litecoin and the likes.Also a new cryptocurrency crops up every single day, considering the current growth,there are going to be more to come

What is crypto currency CFDs?

Contract for Different trading otherwise known as CFD trading is a methods that enables individual to trade and invest in an assets between themselves and a broker instead of opening a position directly on a certain market.Cryptocurrencies are not something new, Bitcoin have available for over 12 years and neither are CFD(a popular form of derivative) and mostly saty in trading CFDs with BTC,ETH,XRP and so on.

How do I know if crypto currency are suitable for trading strategy?

When you trade contract for different CFDs,you agree to exchange the difference in values of an assets between the part in which the contract is open and when it is closed.This enables you to speculate on price movement on financial market without buying it selling any underline assets,you can trade CFDs on indices, shares, forex pairs, commodities,cryptocurrencies and so on.

Are CFDs risky financial products?

CFDs are risky financial product for so many reason one is because there is a huge amount of leverages(you can loss more than you invested and your potential loss will be unlimited)which you cannot trade with.Also,the brokage company usually will charge you an additional fee everytime you open a position which is referred to as spread and it also reflects the difference between the buy and sell quote which the brokage offers.Also,the commission charge provide by CFD providers are alarming which means the more you invest the higher the commission

In CFD,there is no assurance to get some or all your money back especially where the investment goal is not met.There is always a loss at the ending part for example if stocks raise indefinitely and your position keeps going against your investment there will surely be loss at the end.All in all, anyone who is considering adding CFDs to their products should have a clear understanding of the product before getting involved.

Do all brokers offer crypto CFDs?

Brokers are individual or firms that act like an intermediary between investors and a security exchange.They acb also be referred to as the position of a firm when it acts as an agent for a customer a s charge them commission for their service
Online brokers allow traders to speculate on the movement of prices of the crypto asset rather than having to purchase the underlying assets,which is known to all to be risky,crypto as we know is extremely volatile which is why their crypto trading market has made a development, Online broking triggers an explosion of discount brokers,which allows investors to trade at lower cost but without personal advice.

Not all brokers offers crypto currency CFDs but some does for example e Toro,:this is an online platform that is a fully regulated global financial brokers which specialize in trading through Forex,Stocks, commodities,,ETF and so on.They provide their own market new and analysis panel which covers a variety of training topics

Also,there is Ava trade which is a globally recognised and fully regulated financial broker that specializes in trading through more than 200 instruments which include more than 60 currency pairs major stock indices, cryptocurrencies, commodities, bonds and Islamic account which include lower leverage, Negative balance protection,risk warning and access to variety of educational tools & services.

More examples

are:exness,fpmarket,octafx,etoro and so on.Most of these brokers offer free demo accounts so you can test their platforms with virtual money.

How do you trade with crypto currency CFDs on one of the brokers?

Using Octafx for example,

First you download the "Octafx App *on Google play for Andriod users and Apple store for iPhone users

After downloading a page will appear where the signing up will take place is either you sign up with your email, Google or Facebook account .

If you use your email account after typing the necessary information asked you would be directed to your email account to verify your account you will have to confirm it by clicking on the "confirm" tab

In this case I will be using my other email address as an example format in this post. Which is [email protected]

After that, it will direct you back to the app which a page for your personal info will appear and you are to answer the questions

Then it will take you to account

,the account is of two types real and demo,click on the "demo" which will ensure you have your demo account and password then click on "trade

After clicking on "trade" you will be directed bro Google play to install" Octa fx trader"where you will learn in his to trade by following the instructions and choosing your selected option.

@kouba01