A couple of altcoins have shown excellent stability since their creation many years ago and are recommended for trading as CFDs as they brought the traders good profits. These coins include:
NAME | SYMBOL |
Bitcoin | BTC |
Ethereum | ETH |
Polkadot | DOT |
Cardano | ADA |
Binance Coin | BNB |
Dogecoin | DOGE |
Uniswap | UNI |
Stellar Lumens | XLM |
Litecoin | LTC |
Chainlink | LINK |
The crypto market is currently bursting with bullish movement after a long bearish dominance since the first quarter of the year. The month of April has brought green life to crypto again, with most coins creating new highs again and trying to revisit their previous all-time high.
Bitcoin prices are currently ranging above support at $46k, which is a good sign that other coins should keep pumping. Ethereum is presently above its significant resistance at $3500, suggesting that the bulls are entirely in control in April.
What are the advantages trading Cryptocurrency CFDs VS Spot?
Trading cryptocurrencies as CFD, especially using a transparent broker like ATFX, affords the trader many advantages. Below are the exciting facts about trading Cryptos as CFDs:
- Leverage: Trading cryptos as CFDs allow the trader to maximize his profits through leveraged trading. ATFX provides their traders with as much as 1:1000 leverage for trading cryptocurrency as CFD today.
- Opportunity to make profits from buying or selling: trading cryptos as CFD often becomes preferable as it allows the trader to profit from all market movements. The trader can go long (Buy) when the market is in an uptrend and short (Sell) when the market is set to revise. This means the opportunity of making profits is unlimited.
- Hedging: Trading Cryptos as CFDs allows the trader to guard against excessive loss by hedging. This means the trader could enter different positions at once to sustain his account in cases of sudden reversals.
- Low Spreads and Fast Executions: ATFX offers very low spreads for trading cryptos as CFD. ATFX is an award-winning broker with an excellent record of fast execution for all orders placed as CFDs. This means the trader has the advantages of trading cryptos today as CFDs with low spreads and fast execution using ATFX.