Blog Post: The 5 benefits of trading Cryptocurrencies.

Chrisha1212 commented 3 years ago

Blog Topic Explain 5 benefits of trading Cryptocurrencies.

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EilyshaKaye commented 2 years ago

The benefits of cryptocurrency trading are:

Cryptocurrency volatility. The volatility of cryptocurrencies is part of what makes this market so exciting. Rapid intraday price movements can provide a range of opportunities to traders to go long and short but also come with increased risk. So, if you decide to explore the cryptocurrency market, make sure that you have done your research and developed a risk management strategy.
Cryptocurrency market hours. The cryptocurrency market is usually available to trade 24 hours a day, seven days a week because there is no centralised governance of the market. Cryptocurrency transactions take place directly between individuals, on cryptocurrency exchanges all over the world. However, there may be periods of downtime when the market is adjusting to infrastructural updates, or ‘forks’.
Improved liquidity. Liquidity is the measure of how quickly and easily a cryptocurrency can be converted into cash, without impacting the market price. Liquidity is important because it brings about better pricing, faster transaction times and increased accuracy for technical analysis.
Ability to go long or short. When you buy a cryptocurrency, you are purchasing the asset upfront in that hope that it increases in value. But when you trade on the price of a cryptocurrency, you can take advantage of markets that are falling in price, as well as rising. This is known as going short.
Leveraged exposure. As CFD trading is a leveraged product, it enables you to open a position on ‘margin’ – a deposit worth just a fraction of the full value of the trade. In other words, you could gain a large exposure to a cryptocurrency market while only tying up a relatively small amount of your capital.

Chrisha1212 commented 2 years ago

@EilyshaKaye Do you have discord?