As the world is changing everyday, people are moving from the traditional way of doing things to the digital world. The digital world is a disruption to traditional lifestyle/business/investment and anything you can think of.
Since the COVID 19 outbreak, a lot of businesses have collapsed, employees have lost jobs, investors have lost huge some of capital and individuals have spent all their savings. This pandemic has left a lot of people thinking about their next move, how to re-coup their savings and how to make money online since they cannot work physically. This triggered a lot of people to start CFD trading including me to earn some cash everyday.
The second factor why people are trading in CFD’s now is the introduction of cashless market and one digital currency that will be used worldwide. Maybe you haven’t heard this yet but now you know. You can research to know more. Countries like Sweden, China and United Kingdom is the closest to introducing cashless system. Whiles other western countries are still debating about it. Due to this factors the CFD has gain much popularity and value especially cryptocurrency. And is the next smart way to become a millionaire. You think about this, if the world start to use a digital currency, what do you think will happen to cryptocurrency? It will gain much value and the people who invested earlier are going to become millionaires. Aside that, day traders are making huge some of money everyday including me. The higher your investment, the higher your returns. And the higher the risk the higher the returns. If you learn how to play well you can be rich.
What is CFD?
“CFD stand for Contract For Difference. CFD is a contract between two parties which is the buyer and the seller, where the buyer pays the seller the difference between the current value of an asset and its value at a contract time”.
CFD Market Types
- Stocks CFD
- Forex CFD
- Metals (Gold, Silver etc.)
- Energy (Natural gas, Uranium etc.)
- Crytocurrency (Bitcoin, Etherium, Litecoin)
Here are some of the CFD brokerage firms to trade with: Plus500, Binance, Coinbase, FXTM, IC Markets, Forex.com etc. You must do your research before selecting the platform that you think it’s best for you. I personally trade with Plus500 because it is listed on stock exchange and regulated by top financial authorities which makes me consider the platform as safe. Other people think Plus500 has complicated instruments which comes with high-risk of losing money.
I will urge you to do enough research and play enough demo before investing your money to avoid the risk involve. Read more on youtube and blogging sites.
Here is a link to start trading https://www.binance.com/en/register?ref=40564640
Disclaimer: CFD trading comes with a high risk of losing money due to leverage. You do this at your own risk. We shall not be responsible for any gain or losses that you will incure.