CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 

27.2% of retail investor accounts lose money when trading CFDs with this provider.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Markets divider Cryptocurrencies

Cryptocurrencies

What is a Cryptocurrency?

TA cryptocurrency is a fairly new asset class that was created when Satoshi Nakamoto mined the very first block of Bitcoin. Cryptocurrencies are a digital type of currency that is guaranteed by the blockchain ledger. Just like other currencies, the cryptocurrencies can be used to buy goods and services. They can also be used as an investment as well as trading CFDs on them. Unlike the traditional fiat currencies, the cryptocurrencies are not issued by any government or central bank. They are decentralized and cannot be controlled by any individual or entity. This is part of the appeal of cryptocurrencies and one of the reasons they have become so popular.

Popular pairs

There are seven forex pairs that are considered the major pairs. These make up roughly 80% of all forex trading volume. The seven major pairs are as follows:

  • EUR/USD
  • GBP/USD
  • USD/JPY
  • USD/CHF

Advantages

A Losing Trade

It’s also possible the trader was wrong, and the dollar strengthens versus the Euro until it is trading at 1.18010 with an ask price of 1.18006 and a bid price of 1.18014. The trader sells 1 lot at 1.18006 for a loss of 55.4 pips or $554. That’s a loss of 23.4% based on the use of $2,370 as margin for the trade.

  • Ethereum - A smart contract network that powers decentralized applications and the decentralized finance ecosystem.
  • Ripple - A project attempting to replace the SWIFT banking transfer system.
  • Litecoin - Often called ‘digital silver’ to Bitcoin’s title of ‘digital gold’.