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The dynamic cryptocurrency sector keeps on expanding. We’re focused on offering the world’s fastest-growing cryptos to trade as CFDs: Bitcoin, Bitcoin Cash, Ethereum, Ripple and Litecoin.
With GO Markets you can speculate on the large price movements cryptocurrencies can experience. You don’t need to own the underlying assets, have a digital wallet or trade on a cryptocurrency exchange.
|Contract Size||$1 x symbol value||$10 x symbol value||$100 x symbol value||$10 x symbol value||$1000 x symbol value|
|Min. Trade Size||0.01||0.01||0.01||0.01||0.01|
|Max. Trade Size||5||5||5||5||5|
Trading example: Cash CFD BTCUSD
|Quote||4500.50 / 4512.50|
|Contract size||1 Standard size|
The quote means you will sell at: 4500.50
Strategy: you believe the BTCUSD will go lower, so you sell one contract at USD 4500.50
Margin Requirements: You need to have the required margin available on your contract (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.oo USD (Profit)
Account currency: Your profit/loss will now be converted to your account currency.