Libertex's Crypto CFD Trading - An Interesting Alternative While You HODL
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
When trading crypto CFDs, you are speculating on whether your chosen asset will rise or fall in value. You will not be taking any form of ownership of the digital asset. Libertex, a multi-awarded online broker, recently announced that it has completely slashed fees on all crypto CFDs to zero in terms of commission, swap, and exchange fees.
It means that when deciding to trade with the Libertex platform, if you deposit €100 in your trading account, you can use that entire balance to trade crypto CFDs with. So you will not be wasting a big portion of that on fees.
Here are some of the benefits of trading the exciting cryptocurrency market via CFDs.
Even though the cryptocurrency market is well within its infancy, there is a significant amount of volatility, with so much interest and activity continuing to grow day in and day out. The sheer size of movements that can be observed in a daily session is what makes this market so thrilling.
These rapid intraday movements in asset prices can provide several opportunities for traders to go long or short; however, that does come with increased risk. Therefore, it is crucial that if you decide to dive into the cryptocurrency market, be sure to have done proper research and have a good risk management plan in place.
The cryptocurrency market is typically available to trade 24 hours a day, seven days a week because there isn't any centralized governance of this market. Instead, transactions via cryptocurrency take place directly between individuals on cryptocurrency exchanges across the globe.
Generally speaking, the cryptocurrency market is much less liquid than other asset classes, given its infancy.
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