When you are fx trading CFDs you are simply agreeing to exchange assets price difference. This starts from the time that you opened a position to when it will be closed. There are many advantages that we can all gain from trading CFDs. There are also reasons for CFDs trading. Here is how CFDs can be used
Used to leverage
This is the first use of trading CFDs. Many people use CFDs to allow their investments to go further. This has been made possible because you do not have to deposit 100% of your assets just to open a trade position. The deposit is always 5% and it is known as margin. Leverage is the reason why many people are now considering CFDs.
Trading a huge range of markets
Today, there are over 17000 markets that you can use CFDs to trade. Those different markets include indices, shares, cryptocurrency, forex, and many more options. The good thing about everything is that you do not have to access different platforms to be able to trade. You can access everything that you want under one login. You can easily trade using your phone, your tablet, or your laptop.