Crypto Trading
Speculate on Crypto CFDs rise and fall with Rockfort Markets Crypto CFDs
Advantages of Trading Crypto CFDs with Rockfort Markets
TRADE 24/5
The Crypto CFD market is open Monday through Friday providing opportunities every day
TRADE SHORT OR LONG
Crypto CFDs enables you to profit from both increasing and declining market conditions
NO WALLET NEEDED
You don’t own the underlying asset so there is no need worry about having a coin wallet
AUTOMATED TRADING
MT4 Cryptos allows you to trade with expert advisors and can be added into any trading strategy
What is Bitcoin?
Bitcoin was created as a decentralized currency without a central bank designed to be sent peer-to-peer without the need for any intermediaries in between.
Known simply as a “cryptocurrency or crypto”, Bitcoin is a digital or virtual form of currency. Created in 2009, Bitcoin has become widely recognised throughout the world from a full spectrum of people including small retail outlets to governments.
Unlike traditional forms of currency which rely on Banks to facilitate their transactions, Bitcoin has no physical presence, only balances on a public ledger kept on cloud servers which is verified by a lot of data and computing power. Bitcoin passes from user to user using Blockchain technology. When trading Bitcoin as a currency it works in exactly the same way as any other FX pair.
- Trade Bitcoin CFDs both long and short
- Automate your trading on MT4 using expert advisors
- Margin lending
- Professional tools
- Complete access to your account manager
How does Bitcoin CFD trading work?
Bitcoin is a digital cryptocurrency that derives its value from supply and demand factors unique to this asset class. Trading Bitcoin CFDs allows you to speculate on the change in price of the cryptocurrency. For instance, if you feel the price of bitcoin will move up then you can trade long and vice versa if you feel the price will go down then you can sell short.
When trading Bitcoin as a CFD it gives you exposure to the Bitcoin price without needing to purchase the underlying asset which gives you additional confidence because you don’t actually hold any bitcoins and therefore you don’t have any need for a wallet to store them.
Bitcoin prices are commonly driven by market sentiment increasing and decreasing on the reactions of the retail market, i.e. emotional fear or greed of retail traders.
Bitcoin is not a centralised currency controlled by a single bank or dominated by interbank dealers, the Bitcoin market moves quickly with retail demand and can be subject to significant price swings.
You don’t need to own any Bitcoins to profit from it – all you need to do is trade on the price movements, meaning you have the potential to profit from either direction.
Bitcoin is not a centralised currency controlled by a single bank or dominated by interbank dealers, the Bitcoin market moves quickly with retail demand and can be subject to significant price swings.
You don’t need to own any Bitcoins to profit from it – all you need to do is trade on the price movements, meaning you have the potential to profit from either direction.
| YOU DECIDE TO TRADE LONG ON BTC/USD | |
|---|---|
| BTCUSD Price: The price of BTC CFD against the USD is 6930/6980 | |
| OPENING YOUR TRADE | |
| Trade Size: You decide to buy 2 contracts. | |
| Value: Value of your position is USD $13,960 (6980*2) | |
| Margin Required: With a maximum leverage of 1:2, the required margin to open this position is $6,980 (13960 / 2). | |
| CLOSING YOUR TRADE | |
| 2 weeks later, the price of Bitcoin CFD has increased to 7320/7370 and you decide to close your trade. You make a profit selling your 2 contracts at USD $7,320 | |
| CALCULATING YOUR PROFIT | |
|
Opening Price: 6980*2 = USD $13,960.00 Closing Price: 7320*2 = USD $14,640.00 Gross Profit on Trade USD $14,640.00 - $13,960.00 = $680 |
