62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Since the launch of Bitcoin, other cryptocurrencies were quick to emerge and Ether (currency of Ethereum) is one of them.
Currently, it is the second largest altcoin in terms of market capitalization making it the second most popular in this industry.
But the common question nowadays is:
Is it too late to invest in Ethereum?
Our straightforward answer to that is NO.
Curious to know why? Continue reading to know the answer.
If you want to ride the wave of trading digital currencies then eToro is a good choice.
Why is it so?
With their advanced platform, you can trade Ether via a CFD or contracts for difference.
A quick 101 on CFDs:
CFDs are derivative products provided by service providers or brokerages where you as a trader can exchange the difference in a contract of a particular financial instrument’s (in this case Ethereum) price movement within the contract’s entry and exit.
And in addition to that…
This form of derivative allows you to trade the asset without actually owning it.
In this contract, the only 2 possible outcomes are the following:
Here’s the deal:
Instead of purchasing Ethereum from a digital exchange, you can simply open an account with eToro, fund your account and start trading on this digital coin similarly as to how you would speculate on the value of currency pairs (forex).
Copy and Follow Top Ethereum Traders
The Ether cryptocurrency is an ideal instrument for both day-trading and long-term investment.
Using eToro’s social trading platform, you explore the portfolio of other Ethereum traders and have the option to literally copy them if you wish to.
You can even start a discussion with these users and talk about their strategies making the whole trading experience more interactive and engaging.
And with a network of over 10 million members, you will be able to find a good number of interesting traders to keep your eye on.
Pretty cool, right?
Diversify Your Trading Portfolio
With the Ether instrument, you can diversify your trading portfolio and take advantage of its highly volatile price.
And that’s not all…
You can also amplify your trading power with eToro’s leverage and manage the risks by using the integrated risk management tools.
Here’s a tip:
If you are new to this market then feel free to use the demo account (click here to open one) that comes with a $100,000 virtual balance for you to use on your practice trades.
Interested to Trade Ethereum?
It all boils down to this:
It’s never too late to trade on Ethereum because with CFDs, you can speculate and trade in the price movements of this altcoin irrespective of whether its value is going up or down.
Regardless if you just want a day trade or a long-term investment, you can invest on Ethereum CFDs with eToro’s advanced social trading network.
Ready to begin your journey? Click on the button below and we’ll take you there straightaway!
But always remember:
Practice risk management all the time!