As many applications demand a billing method, Ether was introduced as many platforms' currency. Additionally, with the popularity of digital currencies, Ether quickly separated and became a reasonable investment asset.
Trade Ethereum while also trading traditional assets.
Buy or Sell – you can make money whether the rates rise up or drop if you make the right prediction.
Speed – as you are trading a contract, the operation is immediate.
Leverage – leverage enables you to monitor a larger position. This ability increases your profits. But also may cause you greater losses.
There are two ways to obtain cryptocurrency: You either can either mine it or purchase it. The first option demands some tech skills and equipment, for the second one you would need to set up a digital wallet.
If requirements above seems to be overwhelming, consider buying a contract for difference (CFD). Using CFDs the trader doesn’t have to purchase the cryptocurrency itself. He or she buys a contract to own the difference between the present and the future Ether rates. However, the trader gains profit only it the trend direction is predicted accurately. Otherwise, they will lose.
You may use a multiplicator tool in order to increase your profit or to make yourself a bankrupt. This tool is called leveraged. Though risky, it can vastly grow the profit potential if the deal is successful. The maximum multiplicator is x20 for more CFD Brokers. So from a $100 investment with an x20 multiplier, you can create a profit and the losses which are equal to the sum you’d make if you were owning a $2000 position.
Please note that unanticipated price swings can wipe out the position entirely. To learn more, we recommend you read more about trading CFD's.
Developers of ethereum were seeking to create a unique currency with exclusive properties to become a solid asset in the market of its own. They developed a new approach with more generic script language and made the Ethereum blockchain process much more operative than before. With Ethereum, developers can create a new type of software (so-called “decentralized application”) which is not monitored by any individual or central system.
Same to all other assets, there’s no one correct solution. The market is unpredictable and sudden changes could make huge gains or losses in Ethereum price over a brief timeframe. Some people say that Ether is “the next Bitcoin,” others are not as confident about this cryptocurrency. However, it is certainly a highly unstable asset, changing from day to day. Therefore, those who are able to precisely foresee the direction in which it is going will make a profit.
Undoubtedly, there are plenty of potential for trading Ethereum. Over the next few years, Ethereum definitely will not be stable. Still, It has a solid tech roadmap, it is powerful as a currency and as a platform. Hard to predict where the price of Ethereum is heading, the only thing we can be sure about is that there will be plenty of volatility which is perfect for CFD trading.
*CFD Service. T&C Apply. Your Capital is at risk.