February 22, 2022
A significant correction in crypto-currency prices over the past month serves as a timely reminder of the extreme volatility and downside risks of investing in this space.
That‘s why many smart traders and beginners don’t buy the underlying assets and instead simply speculate on the price movements – the same as trading forex.
There are many advantages to holding crypto CFDs v holding the likes of BTC and ETH in your own wallet.
With CFDs you dont have to purchase the crypto outright, so you can trade with a much smaller amount of upfront capital and no need to go through the complicated process of setting up a crypto wallet.
More importantly your money is always safe from hackers.
You can go “‘long” ’ or “‘short” ’ on your position, ; this allows you to profit even when prices are falling.
You can leverage your position up to 100 x so $USD100 traded is the same as having a USD10,000 position.
Trading CFDs even provides potential tax benefits – depending on what country you are in.
There are no deposit or withdrawal charges –those “gas fees”- which can significantly erode your profits.
And finally, you can start trading straight away. Opening an account with OnePro only takes a few minutes.
OneProSpecial Analyst
Buy or sell or copy trade crypto CFDs atwww.oneproglobal.com
The foregoing is a personal opinion only and does not represent any opinion ofOneProGlobal, nor is there any guarantee of reliability, accuracy or originality in the foregoing.
Forex and CFD trading may pose a risk to your invested capital.
Before making an investment decision, investors should consider their own circumstances to assess the risks of investment products. If necessary, consult a professional investment advisor.
www.oneproglobal.com
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