76.4% 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
Numerous traders are now exploring digital currencies and Ethereum has become one of the most promising instruments to invest on.
Now you might be thinking that the craze is over but the thing is…the crypto market tends to flip from bullish to bearish and vice versa.
So what are we trying to say?
That the next ETH bull run can return anytime so you should also be ready for that!
But just because the value of altcoins like Bitcoin, Ethereum and Ripple are not flying high as they used to doesn’t mean that there’s no profit potential here.
Any time is a good time to trade on Ethereum and that’s what we’re going to talk about further in this article.
Here’s something really interesting:
If you want to trade this emerging cryptocurrency without the complexities of a digital exchange then trading contracts for difference (CFD in short) with a trusted provider like Plus500 is the best option (read our full review to know more about this broker).
But more about that later…
What is a contract for difference?
It is an investment vehicle in a which a trader (that’s you) and a brokerage company agree to pay the difference between the opening price and closing price of an underlying asset (Ethereum in this case).
When trading CFDs, you don’t own the asset and are simply speculating on its increase or decrease in value.
The outcome of your contract can be one of the following:
Simplicity of Trading Ethereum CFDs
Now let’s take it somewhere awesome…
With Plus500, you can trade starting with just an initial deposit of $100 on your account.
And with the use of leverage, it enables you to multiply your exposure to Ethereum so you can place a buy or sell contract with bigger volumes.
How can you actually use this?
This broker allows you to trade cryptocurrencies with leverage of up to 1:30.
This means that with just $100 on your account, you can gain the effect of a capital that is amplified 30 times which translates to $3,000!
The platform comes with integrated real-time quotes and indicators which you can utilize for FREE.
So in essence…
Having access to these updated and informative tools will give you the advantage of being a more informed trader.
Pretty cool, right?
Take Control and Manage the Risks
Using the advanced and intuitive platform of Plus500, you will have more control over your positions and manage the risks thanks to their suite of risk management tools:
- Close at Profit (Stop Limit) or Close at Loss (Stop Loss)
- Guaranteed Stop
- Trailing Stop
This gives you flexibility so you can lock in your profits or limit the possible losses that you may incur from your trades.
And to top it off…
The beauty of CFDs is that it covers several instruments and not just a particular asset.
With Plus500, you will be able to invest not just on Ethereum and other cryptocurrencies but other financial instruments as well.
Currently, the platform offers over 2000 instruments giving you more ways to expand and diversify your portfolio!
That means there’s no need for you to switch to another broker should you plan to explore other markets because you can access them all with the same optimal conditions that Plus500 offers.
Interested to Trade Ethereum?
So, are you ready to invest on this cryptocurrency and seize the opportunity?
Start trading Ethereum with this multi-regulated and trusted CFD provider!
Simply click the button below and we’ll take you directly to Plus500’s Ethereum trading page!
And remember this:
Practice risk management at all times.