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In this day and age forex brokers frequently implement cryptocurrencies as the tradable asset class amongst the conventional forex pairs, commodities, stocks etc. So every crypto enthusiast can trade digital assets as a contract for difference. a) you can open both, buy and sell orders, therefore making profits from the bull and bear markets simultaneously. Moreover, training platforms have the capability of buying and selling at the same time, which is called “hedging”. This is a very powerful tool when you need to offset the risk from one of your deals. b) CFD trading is almost always accompanied with leverage, hence it is often called a leveraged trading as well. The eminence of leveraged trading lies in the capacity of increasing the buying power of the trader dramatically. This is what spot trading with crypto exchange won’t give to you. Although leveraged crypto trading bears a lot of risks, there is a possibility to lower the leverage at any point you want. And maybe if you are not a big fan of leverage, eliminate it completely. In terms of overall number of cryptos, forex brokers don’t fall short too.
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