How to invest in STEEM CFDs

There are three options for earning Steam cryptocurrency. First, you can earn coins by participating in the Steemit community, building networks, creating content, sharing and commenting. The more valuable contributions a person makes, the more STEEM they earn.
Another way is to buy STEEM on an exchange like Bittrex, Binance or Poloniex. This is considered a long-term investment as it waits for the price to rise significantly in order to later sell the STEEM coin for profit.
In both options, they own the Steem cryptocurrency themselves.
Alternatively, a person can trade a contract for difference (CFD) on a given cryptocurrency, and speculate on the price difference. A CFD is a type of contract, typically between a broker and an investor, where one party agrees to pay the other the difference in the value of a security, between the opening and closing of the trade.
Investing in STEEM CFDs gives you the opportunity to trade STEEM in both directions. Regardless of having a positive or negative view of the STEEM market forecasts and predictions, you can try to profit from both upward or downward future price movement.
You can either hold a long position, speculating that the STEEM price will rise, or a short position, speculating that the price will fall. This is considered a shortterm investment as CFDs are used within shorter timeframes.
For instance, to trade STEEM CFDs, you can speculate on the STEEM/BTC pairing.