With CFD trading, you are buying or selling units of a particular instrument, such as Bitcoin. This depends on your ideas of whether or not the price is going to go down or up. When the instrument’s cost falls, and you believed it was going to do so, you get more CFD units that you’ve purchased or sold. For each point that is in your favor, you can gain multiple CFD units. Of course, when you earn more points, you are going to have more CFD units with time.
Though you can get rich with CFD trading, you can lose money, as well. If you pick a particular price point and it moves against it, you are going to lose that trade.
CFDs are a leveraged product. This means that you can make a smaller deposit than normal. In a sense, it’s a small percentage of the regular trade value so that you can open up your trading position. This is called 'Trading on the Margin.’ Sometimes, it’s referred to as the ‘margin requirement.’
When you trade on the margin, you can gain significant wealth and see exponential gains. However, the opposite can also be true where you see large losses. Though this can be a little nerve-wracking for some people, the fact is that the same applies on CFD Trader, other auto-trading robots, and any trades you might make on any market.
The first thing you must do is register for an account on CFD Trader. Please go to the homepage and see the registration form right on the top. It’s going to ask for basic information, including your name and a phone number. You should also input your preferred email address and create a password or have one generated for you. Then, you can be connected with a broker that’s in your region.
Next, you are going to have to deposit the minimum $250 or however much you want to add to your account. You do this through the broker. This initial deposit sits in the account and can be withdrawn at any time. In fact, you can add money to the account and immediately remove it all just to see how the process works. We are very transparent in that way.
A senior account manager works with you to add and remove money from your account.
Of course, you don’t need to know much about trading, but we do recommend that you learn as much as you can about CFD Trader. Find out how it works and the features available. You can ask your senior account manager questions to feel comfortable with the process.
Once you’re more familiar with our application and how the software works, it is now time to make trades. Of course, your senior account manager is available to guide you through each step on the way. Plus, they can teach you some of the best strategies to use so that you become successful as an online trader.
Social engineering is a way to trick people who think they might get into your account. Even if they gain access to your user name or password, they must be able to answer questions that only you should know. This information must, of course, by programmed into the system. We ask that each person set up their security questions when they initially sign up for an account.
The types of questions can vary, but they include things like your favorite color, the name of a specific teacher, or your mother’s maiden name. It’s important that you choose questions with answers that only you know. Also, make sure that you remember the answer to the question because we can then use this to verify your identity if we have a concern.
Once you’ve created an account, you should keep that information private. Do not give it to anyone or let anyone onto your computer. Many times, computer programs save passwords to make it easier for you, but this means anyone with computer/phone access can get into your auto trading platform.
Try not to open any attachments from people you don’t know. That way, you don’t risk spyware or malware being added to your device. It’s also best to check the website address bar to make sure it’s correct and secure.