Heard about Ethereum but don't know how to take advantage of trading opportunities from this popular cryptocurrency?
That's not a problem because we've got loads of information and some resources to help you start gaining profits out of investing in this digital coin.
So, are you ready to start your journey in trading this highly valuable asset?
Ethereum (Ether currency) is an emerging digital currency that has lately gained much popularity next to Bitcoin.
Its difference however is that it is not just a cryptocurrency but rather a decentralized software platform or what's known as “blockchain” technology and its promising features have gotten the attention of many investors resulting to a meteoric rise of more than 1000%!
If you're interested to trade this cryptocurrency without the complications of having to own a digital wallet and registering to an exchange which may take up to 1 month, then the simplest way is by buying and selling contracts for difference or CFD which allows you to trade immediately after opening an account.
Here's how it works:
Just like forex trading, you simply speculate on their value which is also the basis for your profit or loss.
For example:
If you anticipate its value will increase against the US dollar then you need to execute a Buy contract.
Let's say you ordered 16 Buy contracts of Ethereum at 255. If the value of the digital currency increased to let's say 12 points at 267 and you decided to close your position, the profit will be calculated as 267 minus 255 for each contract.
This means you generated a net profit of $192.
Many forex and CFD brokerages are adding Ethereum instrument on their platforms but if you want to have the best trading experience then we strongly recommend that you choose a fully regulated and licensed company.
Our experts have done an in-depth review of these brokerages and have come up with a list of the best brands for your convenience.
Choose from any of these highly recommended brokerages and start trading Ethereum CFDs!
