logo fortuno markets

CRYPTOCURRENCIES TRADING

Engage in CFD trading on renowned cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin, all against major global currencies. Initiate the construction of your cryptocurrency portfolio today, all while bypassing the necessity for a digital wallet.

WHY TRADE CFDs ON CRYPTOCURRENCY WITH FORTUNO

Ultra-fast execution

Up to 1:100 leverage on selected cryptos

24/7 trading

Low spreads

Negative balance protection

Trade on both rising and falling prices

WHAT IS CRYPTOCURRENCIES TRADING?

Cryptocurrency trading encompasses the process of buying and selling digital currencies like Bitcoin, Ethereum, and Ripple, usually on a dedicated cryptocurrency exchange. The primary objective of cryptocurrency trading is to capitalize on the price fluctuations exhibited by these digital assets.

Trading CFDs on well-known cryptocurrencies holds significant potential advantages. CFD trading enables you to speculate on the price changes of cryptocurrencies without the obligation of owning the actual assets. This implies the potential for gains in both bullish and bearish market conditions.

Furthermore, CFDs offer the opportunity to engage in leveraged trading, allowing you to control a larger position with a lesser capital outlay. At Fortuno Market, you have access to round-the-clock CFD trading on cryptocurrencies, coupled with rapid execution and leverage of up to 1:100 on selected cryptocurrencies.

Initiate your journey into CFD trading on cryptocurrencies through the versatile Fortuno App, which provides a seamless trading experience.

FAQs

Start by learning the fundamentals of CFD Cryptocurrency trading. This will help you better understand the risks and the cost associated with trading CFDs on cryptocurrency. Then, open an Fortuno Live or Demo trading account and choose your trading strategy. Last, find your crypto opportunity and open your first position.

The cryptocurrency market is influenced by a variety of factors, both internal and external. Here are some of the key factors that can move the cryptocurrency market:

  1. Adoption and Use Cases: The adoption and use of cryptocurrencies by individuals, businesses, and institutions can have a significant impact on their value. The more people and organizations that use cryptocurrencies, the greater the demand, and therefore the higher the price.
  2. News and Developments: News and developments in the cryptocurrency space, such as regulatory changes, new projects, partnerships, and advancements in technology, can also influence the market. Positive news can lead to increased demand and higher prices, while negative news can lead to decreased demand and lower prices.
  3. Supply and Demand: Like any other asset, the value of cryptocurrencies is affected by supply and demand. If the demand for a cryptocurrency is greater than the supply, the price will increase, and vice versa.
  4. Market Sentiment: Market sentiment, or the overall feeling of investors towards a particular cryptocurrency or the market as a whole, can also influence prices. Positive sentiment can lead to increased demand and higher prices, while negative sentiment can lead to decreased demand and lower prices.
  5. Technical Analysis: Technical analysis, or the study of historical price and volume data to identify patterns and trends, is also used by traders to predict future price movements and make trading decisions.

At Fortuno Markets, we offer multiple account types to suit the specific requirements of different traders. Whatever your trading strategy, level of funding or appetite for risk, there is an account to match your needs. Please, check our Accounts Page for more information.

Some of the most traded cryptocurrencies are:

  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. Binance Coin (BNB)
  4. Cardano (ADA)
  5. Dogecoin (DOGE)
  6. Ripple (XRP)