Crypto-currency is traded with Daigo Genji by taking a financial position on the price direction of individual crypto-currencies against the US dollar (in crypto/dollar pairs) or against another crypto, via crypto to crypto pairs.
You can also buy and hold a crypto-currency or use a CFDs. These are a particularly popular way to trade crypto-currencies as they allow for greater flexibility, the use of leverage and the ability to take short as well as long positions.
Popular crypto-currencies can be broken down into several main ‘types’. There are those intended to offer an alternative to fiat currencies. These include Bitcoin, Bitcoin Cash and Litecoin. Ethereum, on the other hand, is only intended to be ‘spent’ to use the Ethereum smart contracts platform, which can be used to build decentralised applications (Dapps).
Why Trade Crypto-currency CFDs?
There has been a rush of interest in crypto-currencies over the past few years. That demand has led to many CFD trading platforms and brokers now offering crypto-currency trading pairs.
These trading pairs can include one crypto-currency, for example, Bitcoin, and one fiat currency, such as the US dollar. Here the trader makes a profit, or loss, by forecasting whether the crypto-currency side of the pair will gain or lose value against the fiat currency.
The other kind of crypto-currency pair is made up of two different crypto-currencies, for example, Bitcoin and Ethereum. In this case, the trader makes a profit, or loss, by forecasting whether the leading crypto-currency of the pair will gain or lose value against its crypto-currency partner.
In that respect, trading crypto-currency CFD pairs work in the same way as trading CFDs on forex pairs. In a more general sense, trading crypto-currency CFDs is executed in the same way as trading CFDs on other, more traditional asset classes like commodities, stocks or stock market indices in that a trader speculates on the price movements of their chosen instrument.
A New Class of Brokerage Service
A growing number of companies and traders are getting involved in the crypto industry on a daily basis, where profitability can exceed traditional financial instruments hundreds of times over.
Bestowing our projections, the field of brokerage services in the crypto-currency market is not represented like the sphere of crypto-exchanges, and is on track to grow even further in line with developments in the crypto industry. Classic stock and Forex brokers are losing their markets and clients and this trend looks to continue for at least another two to three years.
There is no better time than the present to start a crypto-currency brokerage business. Here are the reasons.
1.State of the art trading platform
Whether you want to trade shares in London, commodities in Chicago, indexes in New York or Crypto-currencies, Daigo Genji can offer it clients round-the-clock access. Operations are backed by professional service from our brokers and trading desks that keep track of your positions, orders and account with state-of-the-art trading and clearing services in the world.
We treasure our independence of action. We protect our clients' and other stakeholders' trust by adhering to our regulatory and professional standards, which are designed to enable us to achieve the objectivity necessary in our work. In doing so, we strive to ensure our independence is not compromised or perceived to be compromised.
We provide trading for beginners to advanced traders alike. We also specialize in providing full-service trading to those clients who would prefer to have a commodity broker assist them with trade execution or for placing orders. We have professional proprietary investment strategies and operate successfully in the markets.