How to buy and sell cryptocurrencies with leverage?

How to buy and sell cryptocurrencies with leverage?

How to buy and sell cryptocurrencies with leverage?

When you want to trade on cryptocurrencies, you have two options:

  1. Acquire cryptocurrencies to try to sell them by generating a profit Cryptocurrency
  2. Anticipate the evolution of their price without owning it through CFD trading.

To open a CFD position on a cryptocurrency, you must:

Opening an account

As a CFD investor, you do not need to have a foreign currency account or portfolio to store your currency. An account at a CFD broker is enough for you.

2- Conduct research

Cryptocurrencies are less exposed to economic and political factors than traditional currencies. You must, however, familiarize yourself with the market on which you want to invest.

3- Apply your strategy

The choice of your strategy depends on your goals and preferences. The strategy applied is a key element of success in the more or less long term.

4- Place an order

Set the size of your position, the closing conditions and click on ‘Buy’ if you think that the value of the cryptocurrency will increase or ‘Sale’ if you think that it will fall.

5- Close your position

Once your goal is reached – or in order to limit your losses – you simply complete the reverse transaction to close your position: if you had bought, you would have to sell and if you had sold, you would have to buy.

CFDs are leveraged products, which allows you to increase your exposure in a financial market by stopping only a portion of your capital. It also means that gains and losses are magnified. Losses may exceed deposits.

Les CFD sont des produits à effet de levier, ce qui vous permet d’accroître votre exposition sur un marché financier en n’immobilisant qu’une partie de votre capital. Cela signifie également que les gains et les pertes sont amplifiés. Les pertes peuvent excéder les dépôts.

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