iForex Europe is a cryptocurrency broker that allows users to trade a wide range of digital assets. The platform offers a user-friendly interface, fast and secure transactions, and reliable customer support. With competitive fees and a variety of trading tools, iForex Europe is a solid choice for those looking to buy and sell cryptocurrencies.
Having an account with a CFD trading platform can come in very handy. It’ll help you trade in the price movements of cryptocurrencies, company shares, stock indices, ETFs, commodities, and currency pairs from your smartphone, whenever it’s convenient.
In this way you can, firstly, act on opportunities that come your way and open deals in a flash and, secondly, monitor your positions wherever you may go throughout the day.
Lots of traders are drawn to CFD trading because it gives you the power to take advantage of plummeting prices just as much as of climbing ones. If you believe bitcoin is about to take a severe dive, then it’s time to open a “sell” deal on the token.
Once you do this, assuming bitcoin prices do indeed fall, you can go ahead and collect your earnings. How much they are will depend on the size of your deal. In short, CFD traders don’t flinch at the sight of bear markets.
A good brokerage like iFOREX Europe goes further and sets a few things up in your favor. Their super-modern platform will inform you as your instrument’s prices change throughout the day, so your finger stays firmly on the pulse. More than that, it will present you with a stream of relevant, up-to-date market news so you can follow the deeper trends in the market.
iFOREX Europe will even give you the opportunity to open deals much larger than your account balance allows, using a tool called leverage. Through borrowing money from the brokerage, you can take 500 euros and open a deal worth 15,000 euros, using leverage of 30:1. This can multiply your earnings many times over, but it can equally multiply your losses.
Join us now as we show how simple it is to set up an account at iFOREX Europe and actually start opening deals. The iFOREX platform, which is designed by real traders to be used by real traders, makes these processes like a walk in the park.
Setting Up Your Account
This shouldn’t take up too much of your time at all. Just open up the iFOREX Europe website and click on the “Register” button. You’ll have to fill in some of your personal details. After that… that’s it, really. Just put funds into your account and activate it.
Some CFD Trading Basics
Before speaking about opening your first deal, let’s make sure all the fundamentals are in place and we understand what a CFD deal actually is. A CFD (contract for difference) is an agreement you make with your brokerage to settle on the difference between an asset’s price at time A and its price at time B.
If you are bullish on oil and want to open a “buy” deal on WTI Oil, your brokerage takes the part of the seller. Once the deal is open, you’ll watch in the course of coming hours or days to see how your prediction pans out. If you see WTI Oil prices shoot up as you hoped, your deal will be a success. The power is yours to close the deal at any time, after which time your account will be credited with your earnings.
As we mentioned, your other option is to open a “sell deal” on whichever instrument you feel is due to dip. The other thing you must decide is whether or not to make use of leverage to expand your deal. Taking the example we used above, if you opened a “buy” deal on WTI Oil with 500 euros in your account, you could feasibly turn it into a 15,000-euro deal.
Let’s say that, following this, you are pleased to see WTI Oil spikes by 0.9%. Your earnings will equal, not 0.9% of 500 (4.5 euros), but 0.9% of 15,000 (135 euros). Conversely, if oil prices drop by 0.9%, 135 euros will be the total of your losses.
Opening a CFD Deal
When you open the user-friendly iFOREX Europe app, start by choosing your instrument, whether it’s corn or Cardano or Coca-Cola. Now choose whether you want it to be a “Buy” or “Sell” deal; fix the size of your deal in euros the way you want it; and then click “Deal”. How does it feel to be a CFD trader?
Clients testify that iFOREX Europe’s Fxnet platform, which was custom-built from the ground up, is like a Grand Central Station of CFD trading. You can glean the insights offered by chart patterns, receive trading signals, and find out about market sentiment.
You can enjoy free and easy access to your wallet, balance sheets, and margin details. You can customize the platform just the way you like it. And, finally, you can download the iFOREX Europe app for free from the App Store or Google Play.
iFOREX Europe (formerly known as ‘Vestle’) is the trading name of iCFD Limited, licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license # 143/11.
The materials contained on this document have been created in cooperation with iFOREX Europe and should not in any way be construed, either explicitly or implicitly, directly or indirectly, as investment advice, recommendation or suggestion of an investment strategy with respect to a financial instrument, in any manner whatsoever.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 85.37% 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.
Please note: Calculations of past performance movements may represent the futures and not the underlying asset. Full disclaimer: https://www.iforex.eu/legal/analysis-disclaimer.html
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