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What CFD markets can you trade using bitcoin?
How do Bitcoin CFD brokers make money?
How do Bitcoin CFD sites work in general?
Intro to CFD Trading with Bitcoin
In 2016, bitcoin can be used for a huge number of things. What started out as a cryptoanarchist’s dream has turned into an attractive vehicle for financial professionals to access markets that are traditionally hard to enter. Anyone who has traded with a regulated fiat broker knows how painful it can be to deal with clearance of funds, settlement of realised profit, and delays with bank transfers and KYC/AML.
It can be risking holding significant parts of your wealth in bitcoin. With CFD sites, you can diversify that risk by taking long or short positions in financial assets trade worldwide: such as gold, oil, stock indices.
With Bitcoin CFD sites, you can simply deposit your bitcoin leverage it up to 200x depending which broker you use, and trade Forex pairs and other assets with the funds in under 30 minutes. What normally takes a week to get started with a traditional broker, you can can put your money (bitcoin) to work fast with CFD sites here.
Each site has its own platform which functions a bit differently than the other. Read specifically about how to trade on SimpleFX (web UIor Metatrader), 1Broker, and WhaleClubCo.
Review of SimpleFX: http://bitcoincfdguide.com/2016/06/26/simplefx-review/
Review of 1Broker: http://bitcoincfdguide.com/2016/06/26/1broker-review/
Review of WhaleClub: http://bitcoincfdguide.com/2016/06/26/whaleclub-co/
This is a growing use for bitcoin, being able to access global markets that regulators shut people out of sometimes. Bitcoin helps reduce the frictions we see in global markets and knocks down walls so even the little guy can diversify their risk.
