Forex trading seven days a week. How is this possible?

Thanks to the high liquidity of cryptocurrency assets, round-the-clock trading in financial markets has become possible.

Today, some brokers provide traders with the opportunity to trade CFD contracts on cryptocurrencies.

Moreover, if trading with regular currency pairs is carried out 24/5, then cryptocurrencies can be bought and sold 24/7 or without breaks on weekends.

That is, traders have the opportunity to open transactions even on Saturday and Sunday, and this is great news for those who are busy during the week at another job.

Currently, the best conditions for making money on the pricing of these financial instruments are offered by RoboForex .

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

Carrying out transactions on these services assumes that the trader actually acquires ownership of the cryptocurrency and subsequently sells it at a new value.

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

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

Trading CFDs is just an opportunity to make money on the growth or decline in the value of cryptocurrencies.

Benefits of trading cryptocurrencies on Forex

1. Significant volatility provides high earning potential.

The range of movement of the price chart of the BTC/USD pair 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 value.

For example, the exchange rate of the national currency of any state is largely regulated by the central bank. 2. Low leverage , which reduces potential risks.

Most Forex brokers offering CFD trading on cryptocurrencies are ready to provide financial support to the trader at the level of 1:20. When working with currency pairs, the leverage level in many companies reaches 1:1000.

At the same time, specialized cryptocurrency exchanges are ready to offer traders financial support at a level of only 1:2 to 1:5. That is, if a trader needs at least 1000 USD (leverage 1:5) to purchase 1 BTC on a specialized platform, then 250 USD will be enough to purchase CFDs on BTC through a Forex broker.

The profit potential from an increase in the value of the altcoin will be identical in both cases.

The difference is that when trading CFDs, a trader can make money not only from an increase in the price of BTC, but also from its decrease. 3. A variety of ways to replenish your deposit and withdraw profits.

Crediting funds to the internal balance of a specialized exchange is possible either through the blockchain or using exchange services. The base currency of the account is always BTC. When trading CFDs on cryptocurrencies through a Forex broker, you can top up your account in any convenient way, and the account currency can be dollars, euros, rubles and even bitcoin.

Topping up your balance in rubles will allow you to significantly save on conversion costs when conducting transactions.

4. 24/7 trading.

Cryptocurrencies are a decentralized, unregulated financial instrument, the pricing of which does not depend on the operating hours of central banks or other structures. 5. Availability of a professional trading platform, demo and cent accounts that allow you to test your strength.

Attention!

Before funding your account and opening a trade, it is recommended to pay attention to one significant drawback of trading cryptocurrencies. The fact is that these financial instruments practically do not lend themselves to conventional methods of analyzing price charts.

Therefore, when working with such assets, priority attention should be paid to the level of capitalization and trading volumes.

Conclusion

Trading on Forex seven days a week has become possible thanks to the high liquidity of cryptocurrencies.

These assets also attract traders with their high profit potential.

It is important to understand that margin trading of cryptocurrency CFDs is extremely risky due to unregulated volatility. Therefore, it is highly recommended to gain experience on a demo account before opening a trade with real funds.

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