Cryptographic currency or cryptocurrency, happens to be a virtual currency operating independently of the bank and is based on a decentralized system which consists in carrying out exchanges via electronic wallets obtained from applications, website or exchange platforms. The GlobalCTB are often made without intermediaries, peer to peer (model represents the type of computer network used) to ensure secure transactions.
What is cryptocurrency trading?
Cryptocurrency trading is an operation that involves trading the price movements of a cryptocurrency using a CFD trading account or purchasing and selling the underlying currency, using a platform or GlobalCTB trading site.
What does trading negotiation and buying and selling on an exchange platform meant to?
Negotiating cryptocurrency trading and buying and selling on an exchange platform are two necessary operations in cryptocurrency trading, hence by definition they represent:
CFD cryptocurrency trading: sell or buy cryptocurrency taking into account its value (if it rises or falls).
Purchase and sale of cryptocurrencies via an exchange platform: or you must really take into account the technology used by exchange platforms and extract the information that interests you.
What are the advantages of CFDs over Crypto Currencies?
There are several reasons why it is beneficial to adopt cryptocurrency trading, here are some:
- No matter if the value of cryptocurrency drops or increases, you will always be a winner;
- The ability to trade cryptocurrency CFDs with small trading accounts;
- The CFD market is active and provides access 24 hours a day and Monday to Friday;
In cryptocurrency you don’t actually have cryptocurrency, so you will have no risk of losing it or having it stolen or hacked.
Forex is open 24 hours a day
Unlike the stock market, forex is a market open 24 hours a day, from Sunday evening to Friday evening (French hours).
This means you can trade absolutely when you want, which comes in handy if your schedule is busy.
This is indeed a major advantage, since you can thus begin to gain experience on the forex while continuing to carry out a traditional professional activity, to be able to pass to trading full time when you are ready.