RE: Steemit Crypto Academy Season 2: Week2 |Homework Post for @kouba01 Cryptocurrency Contracts For Difference (CFDs) Trading
Hello @gboye1,
Thank you for participating in the 2nd Week Crypto Course in its second season and for your efforts to complete the suggested tasks, you deserve a 4/10 rating, according to the following scale:
| Originality | Compliance with topic | Consistency of method | Quality of analysis | Clarity of structure & language |
|---|---|---|---|---|
My review :
An article containing a glut of mislabeled information, in addition to several errors in answering the questions, for example:
Are CFDs risky financial products?
Maybe or maybe not. CFD trading is risky mainly because of the margins involved. You are likely to make large profits but also large losses.
As with any financial product involving over-the-counter markets, CFDs are inherently risky products.
Do all brokers offer cryptocurrency CFDs?
In my opinion,Yes. First, you have to make a list of brokers, check and compare their crypto selection,fees,trading platform, deposit and withdrawal options and many more.
No. You must analyze the financial instruments offered by this broker to find out if it offers CFDs on the cryptocurrencies you want to trade.
In addition, the process of trading CFDs on the OCTFX platform is not disclosed.
Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01