CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Cryptocurrency

Definition of Cryptocurrency

What are cryptocurrencies?

Cryptocurrencies, also known as digital currencies, are virtual currencies that many analysts and experts believe will eventually replace paper money. The cryptographic technology (hence the name cryptocurrencies) makes the currencies extremely hard to counterfeit, which makes the currencies very enticing. Because the digital currencies are decentralized, and not regulated by any government agencies anywhere in the world, they have an independence that many traders like. However, no regulation also makes transparency a potential issue for other traders.

How does one use cryptocurrencies?

Different cryptocurrencies can be obtained in different ways. For example, Bitcoins, the most widespread digital currency, can be “mined” by users, although there is a limited number of new coins available for mining at any given time. Once they have been mined, they can be traded on forex exchanges for fiat currencies, or used as a form of payment online. Currently, more than 100,000 vendors and companies accept digital currencies as a valid form of payment, and as these cryptocurrencies increase in value, that number seems likely to grow. Many forex brokers, – including Fortrade.com (depending on regulation)– provide traders with the option of trading CFDs of the larger cryptocurrencies, such as Bitcoin, Ethereum, Dash, and Litecoin.

Related to cryptocurrency
Bitcoin
Exotic Currency Pairs (Exotics)

Other Terms From - C -
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