Trading Ether CFD: A Highly Profitable Breakthrough

Trading Ether CFD: A Highly Profitable Breakthrough

In this article, we’re gonna discuss why now is one of the best times to invest in Ether CFD. Ethereum is an open source platform which allows users to build the next generation of decentralised applications. 

Ethereum is an abstract idea that the governing authority in a company or financial institutions can be eliminated. You can do this by building trust due to the high visibility of the workings.

The essence of the project is using the blockchain technology which works in a peer to peer fashion, thus eliminating the need for a middleman or the authority.

Most applications today are centralised. That is, you need to trust the authority which is in charge of the privacy of your information. In a blockchain based service, your private information, funds and content all belong to you and therefore they’re as secure as they can be.

Ether CFD

CFD trading can be explained as a bet. If you think the Ether (ETH)  price will rise, so you would buy 1000 Ether share CFDs. Now, if the price of Ether (ETH)  increases over the spread you will make a proportional profit however if it decreases, you would make a proportional loss.

However, these platforms don’t have any real-world market access, which means you won’t actually own Ether (ETH), you’ll be betting on the possibility that the price rises. That means you can’t technically sell Ether CFDs that you buy on the website for much other than selling it later on, unlike bitcoins.

However, betting on the future movement of prices of Ethereum can be greatly profitable due to one reason; volatility.

Think about it, Ethereum as a crypto currency is quite volatile. Thus, it can shift by over $50 on a regular day. That’s why the future movement of prices is quite reactive to external influences.

Experienced traders make sure to gauge their bets by following the market trends and events that happen in the cryptocurrency world. Even for beginner traders, it’s quite easy to monitor the market since most of the transactions happen online.

When should you invest in Ether CFD?

The answer to that is: now. At this time, Ethereum has just started recovering from its first ever crash (since its all time high of $400 earlier this month). The market at this moment is quite reactive, and thus the price is extremely volatile.

Quite recently, on June 25th, rumours about Ethereum founder Vitalik Buterin’s death rose on the popular online forum 4Chan. The post read ‘Vitalik Buterin confirmed dead. Insiders unloading ETH’. This is one of the reasons why Ethereum (ETH) crashed in the first place.

Thus, when the market is volatile, the Ether CFD traders receive all the benefits. Since your profit depends on whether the price increase or decreases when you bet on the future trends, volatility can help you maximise your profits.

In this market condition, Ether CFD trading can be quite profitable for experienced investors. As of the 17th of July, Ether prices have been increasing. (psst it’s recovering from the crash). So, it’s quite a safe bet to assume that the price will still increase in the near future.

Finally, you might be wondering what’s the best place to find CFD trading. For us, the best trading platforms have inclusive beginner training and extensive risk management strategies.One of the best platforms available for CFD trading is eToro.

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About Article Author

Martina Kelowsky
Martina Kelowsky

Currently working on her Master Degree in Economics & Computer Science she lives in Russia. She is a Bitcoin Enthusiast since 2013 and Investor in various ICO since 2014. She aims to democratize a future where money is decentralized and transaction anonymous.

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