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The dynamic cryptocurrency sector keeps on expanding. We’re focused on offering some of the world’s fastest-growing cryptos to trade as CFDs: Bitcoin, Bitcoin Cash, Ethereum, Ripple and Litecoin.
With GO Markets, you can speculate on large price swings in rising and falling markets by going long or short. You don’t need to own the underlying assets, have a digital wallet or trade on a cryptocurrency exchange.
|Bitcoin||Ethereum||Litecoin||Bitcoin Cash||Ripple||Cardano||Dash||EOS||Stellar Lumens||TRON|
|Min. Trade Size||0.01||0.01||0.01||0.01||0.01||0.02||0.01||0.01||0.01||0.03|
|Max. Trade Size||5||5||5||5||5||5||5||5||5||5|
Trading example: Cash CFD BTCUSD
|Quote||4500.50 / 4512.50|
|Contract size||1 Standard Lot|
The quote means you will sell at: 4500.50
Strategy: you believe BTCUSD will go lower, so you sell one contract at USD 4500.50
Margin Requirements: You need to have the required margin available for the contract that you are trading (see symbol specifications in MT4 platform).
Contract Size: The value of 1 see contract of BTCUSD is Price x Contract Size (4500.50 x 1 = $4500.50 USD)
Note: The contract size in monetary terms vary in accordance with market price.
BTCUSD is now quoted at 4450.50 / 4462.50
Strategy: You decide to take profit and close the position at 4462.50
Profit/Loss calculation: (opening value – closing value) x contract size = profit/loss.
Calculation: (4500.50 – 4462.50) x 1 = $38.00 USD (Profit)
Account currency: Your profit/loss will now be converted to your account currency.
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