Once the account has been funded, you’re good to go!

Litecoin vs Litecoin CFD’s

As mentioned earlier, there are numerous advantages in trading Litecoin CFDs over the buying and selling of Litecoin, the only real disadvantage being the fact that a Litecoin CFD investment doesn’t give you the ownership of the cryptocurrency.

From a trading perspective, however, trading Litecoin CFDs is far more efficient, with significantly shorter execution times perhaps the most important benefit when considering the continued volatility seen in Litecoin and the broader cryptomarket.

With the outlook for Litecoin and the broader market having been muddied this year, uncertainty over what lies ahead from a regulatory standpoint weighing, traders who opted in favor of Litecoin CFDs over Litecoin would have been able to enhance earnings by going short as well as long and, when considering Litecoin’s collapse from a December all-time high $420 to current sub-$90 levels, it would have been quite a 2-way trade, investing long into Litecoin CFDs through to the December’s high and then short through this year.

Throw in the margin and the intraday volatility and trading Litecoin CFDs look even more attractive for traders and investors who are not looking to just buy and hold.

Trading Litecoin CFDs on margin, both long and short does require vigilance however and, while hindsight may make the whole trading game look easy, the use of technical analysis as well as the monitoring of news and protecting losses is vital.

Cryptocurrencies markets are very difficult to predict. The prices can go up or down any day. If you want to profit from the bitcoin and other altcoins price volatility, CFD trading is your best option. You need a handy platform that provides useful intuitive tools. You also need a trading account, preferably without minimum deposits. A simple trading app makes it much easier to make a profit when an opportunity comes. If you want to try crypto CFD trading check out SimpleFX WebTrader. You can test it with a fully functional demo or a live account with some funds for start.