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Forex trading 24/7. How is this possible?

Thanks to the high liquidity of cryptocurrency assets, 24/7 trading in financial markets has become possible.

Today, some brokers offer traders the opportunity to trade CFDs on cryptocurrencies.

While regular currency pairs are available 24/5, cryptocurrencies can be bought and sold 24/7, even without weekend breaks.

This means traders can now open trades even on Saturdays and Sundays, which is great news for those who are busy with other jobs during the week.

Currently, RoboForex .

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The main cryptocurrency trading platforms are specialized exchanges (Kraken, exmo, and others).

Conducting transactions on these services implies that the trader actually acquires ownership of the cryptocurrency and subsequently sells it at a new price.

This trading principle differs significantly from that offered by Forex brokers, primarily in terms of commission sizes and the speed of transactions.

Important! When opening a cryptocurrency trade through a Forex broker, the trader does not become the actual owner of the virtual currency.

CFD trading is simply an opportunity to profit from the rise or fall in the value of cryptocurrencies.

Benefits of trading cryptocurrencies on Forex

1. Significant volatility ensures high profit potential. The BTC/USD price chart movement can reach 20,000 points per day.

This is due to the decentralized nature of altcoins, as well as the lack of government regulation of their value. For example, the exchange rate of any country's national currency is largely regulated by the central bank.

2. Low leverage , which reduces potential risks. Most Forex brokers offering cryptocurrency CFD trading are willing to provide financial support to traders at a level of 1:20.

When working with currency pairs, leverage levels at many companies reach 1:1000. At the same time, specialized cryptocurrency exchanges are willing to offer traders financial support at levels of only 1:2 to 1:5.

This means that while a trader would need at least USD 1,000 (1:5 leverage) to purchase 1 BTC on a specialized platform, USD 250 would be sufficient to purchase BTC CFDs through a Forex broker.

The profit potential from the altcoin's price growth is identical in both cases. The difference is that when trading CFDs, a trader can profit not only from the BTC price increase but also from its decline.

3. A variety of deposit and withdrawal methods. Funds can be deposited into the internal balance of a specialized exchange either via the blockchain or through exchange services. The base account currency is always BTC.

When trading cryptocurrency CFDs through a Forex broker, you can fund your account using any convenient method, with the account currency being dollars, euros, rubles, and even Bitcoin.

Topping up your balance in rubles will significantly reduce conversion costs during transactions.

4. 24/7 trading. Cryptocurrencies are a decentralized, unregulated financial instrument, whose pricing is not dependent on the working hours of central banks or other institutions.

5. A professional trading platform, demo, and cent accounts are available, allowing you to test your skills.

Important! Before depositing funds into your account and opening a trade, we recommend that you consider one significant drawback of cryptocurrency trading.

These financial instruments are virtually impossible to analyze using traditional price chart analysis methods.

Therefore, when trading such assets, prioritize market capitalization and trading volumes.

Conclusion

24/7 Forex trading is possible thanks to the high liquidity of cryptocurrencies.

These assets also attract traders with their high profit potential. It's important to understand that margin trading with cryptocurrency CFDs is extremely risky due to unregulated volatility.

Therefore, it's strongly recommended to gain experience on a demo account before opening a trade with real funds.

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