B🔶here's is part 2🔶
2️⃣Learn why people trade cryptocurrencies?
⏩Cryptocurrencies are notoriously volatile. For traders using leveraged derivatives that allow for both long and short positions, large and sudden price movements present opportunities for profit. However, at the same time, these also increase your exposure to risk. In short, the more volatile the market, the more risk you carry when trading it.
With IG, you can trade cryptocurrencies via a CFD account – derivative products that enable you to speculate on whether your chosen cryptocurrency will rise or fall in value. Prices are quoted in traditional currencies such as the US dollar, and you never take ownership of the cryptocurrency itself. CFDs are a leveraged product, which means you can open a position for just a fraction of the full value of the trade. Although leveraged products can magnify your profits, they can also magnify losses if the market moves against you.
When trading cryptocurrencies with us, you can:
🔶Access real-time pricing: We derive our prices from several exchanges, and they’re calculated on a continuous basis.
🔶Trade with derivatives: With our CFD account, you’ll never own actual cryptocurrencies. This means you get to trade without opening an exchange account
🔶Use continuous charting: Our award-winning platform1 offers cutting-edge HTML 5 charts and a selection of advanced indicators and drawing tools
🔶Enter and exit positions quickly: Owing to tight spreads and our fast execution, CFDs enable you to enter and exit trades quickly
🔶Trade on leverage and margin: CFDs are leveraged, giving you full market exposure at a fraction of the initial outlay required when buying actual cryptos. However, trading CFDs comes with a high risk of losing money rapidly due to leverage.
🔶Trade on a secure platform: You can utilise measures such as the two-factor authentication (2FA) to ensure you’re secure when trading online.
Note : Trade crypto at your own risk
