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INTRODUCTION

Good day crypto lovers & friends ! It's another weeks contest and we are ever grateful @cryptoacademy community and @steemitblog for their awesome hosts in order to earn and learn from Cryptocurrency, with the help of Educative Professor's like @kouba01. He's lectures was great and I will answer the assignments given to prove my learning abilities from his class :

What is a cryptocurrency CFD?
How do I know if cryptocurrency CFDs are suitable for my trading strategy?
Are CFDs risky financial products?
Do all brokers offer cryptocurrency CFDs?
Explain how you can trade with cryptocurrency CFDs on one of the brokers (Using a demo account).

What's a cryptocurrency CFD ?

A cryptocurrency "Contract For Difference" CFD can be defined as an agreement between an investor and a trader on a commodity or currency pair, which means either you choose that a currency pair is gonna have a bullish run or a bearish run and when it had a bullish run, the investor is at advantage. When you open a CFD trade, you don't own the currency instead you predict i.e speculating the flow chart of the cryptocurrency pairs in values such as : BTC/USD.

How do I know if cryptocurrency CFDs are suitable for my trading strategy ?

Well, the truth is that cryptocurrency are digital curencies which are not stipulated to any fixed value especially when a trade is ongoing.. No matter how good a trader is, know that he's not good enough to make all gain without a loss. Therefore, for me to know how if a CDF will suit my trade then I'll make sure I do my accurate and benefitial findings well about margins to avoid excessive loss. Meanwhile its not advice able to trade above your budget while taking the risk. It's best to always trade with small or little amounts, so as to be able to handle the heartbreak that follows if it goes the wrong way and better still take the chances of the small bullish on the coin. Above all the most important thing I will do is to make sure I search for a better trader/broker who has good track record in trades. Whether you hodl for long or short the most important is that you understand signals and always take advantage of the both bullish and bearish. O'Yes the both are good in trading (it's juts that some persons see bearish as a huge loss but that's not true), just to know when to go for long term trade or short term.

Are CFDs risky financial products ?

Hahahaha (pardon my manners) I felt like laughing with the current bearish on all cryptocurrencies. Well the truth is before one calls himself a trader, you must be ready to have the heart to accept when coins are experiencing bearish.
Risks. There's no CFD that don't come without a very high level of risks. Just trading with the instruments is very risky and speedy. Therefore this requires an experienced trader who has a well structured risk management strategy to know when to place stop-loss orders to help reduce large and heart-felt losses, yet doesn't remove the risk all out.

You Cannot Remove Risk From Cryptocurrency Trading - It's A Fact Every Newbie & Experienced Traders Should Be Aware !

Do all brokers offer cryptocurrency CFDs ?

Actually from the researches I've made in this topic there are special brokers who offer CFDs without any fee. Which means not all brokers offer CFDs. Below are the few brokers I found and they're trusted with a good track record.

• OCTAFX : visit their broker
• BDSWISS : visit broker
• exness : visit their broker
• fpmarkets : visit broker

The aforementioned brokers are best especially on bitcoin tho good on other Cryptocurrencies

Explain how you can trade with cryptocurrency CFDs on one of the brokers (Using a demo account). ?

First of all, I would love to explain how to download and create a demo account using any of the aforementioned brokers app. For example : OctaFx

Steps on how to dowload and create a demo account (android users)
• Go to your goggle playstore.
• Click on search OctaFx Trading App and download. Note : The file size is about 34Megabyte..
• When the download is complete, click in open

• Go at the right top of your screen and click on demo which is the instruction given.

• The above image is the interface of your account.

• Go to cryptos then choose a trade either to buy or to sell using the analysis given.

• You'll be give $5000 to begin your trade with in your demo account until you're perfect.

Conclusion

With the above explanations on CFD cryptocurrency, I'll say it's not advice able for newbies expect you have a strong mind and as well until we begin to see bearish as part of the reasons why we have a bullish (good) then to that particular trader or broker, trading in cryptocurrency isn't a sure game for them.

Thank you professor @kouba01 for the lectures and the task given. I must say it opened up more knowledge about the topic and I'll go do some extra researches thank you ❤️