How can You multiply the profit on Ethereum Using CFD?

How can You multiply the profit on Ethereum Using CFD?
An introduction to Ethereum CFD and how to increase profit by up to 30x. Keep reading to see how it works.

Anyone who has been more deeply involved with Ethereum has seen the amazing growth in the price of this cryptocurrency over the last few months. The value of an ETH (this is the Ethereum unit called Ether) at the beginning of the year still at 6 EUR, it is the end of 2017 to the 260 EUR. A growth of 3900% (!). Whether this growth can be achieved again in such a short time remains to be seen. Although Ethereum is likely to continue to grow in the longer term, such growth in such a short time is very rare and may not happen so quickly.

In search of ways to achieve this growth through other means as well, we looked at ICOs (Initial Coin Offerings) and CFDs (Contract for Difference). For some time now, it has been possible to trade Ethereum CFDs even without additional funding, which makes it possible to leverage profits at a calculable risk. For example, from the beginning of August until now, the Ethereum rate has risen by 49%. Those who invested 1000 EUR directly in ETH at the beginning of August received a gain of 480 EUR. If Ethereum CFDs had been used instead, the additional CFD lever of 30 would have made it possible to gain an incredible EUR 14,500 (in both cases, initially for simplicity, at no cost). A league similar to the ETH growth in early 2017 and quite competitive with many of the current ICOs. Reason enough for us to take a closer look at Ethereum CFDs and their functioning, as well as their advantages and disadvantages.

Everything important to CFD at a glance
For those in a hurry, here’s a summary of all the key points to CFDs that are discussed in more detail in this article:

CFD is an agreement on the price of an asset
This item is called the Underlying
Such a base value may e.g. a share, oil or Ethereum
CFDs can be traded, even if crypto exchanges are unreachable
CFDs do not require a wallet
CFDs have a lever that can greatly increase the price gain
Similarly, a CFD lever can also increase the loss
Trading in CFD is regulated
Since the beginning of 2017, the potential loss in Germany has been limited by BaFin to a maximum of your deposit amount
One of the best-known suppliers of Ethereum CFDs is Plus500 *. There is no margin requirement and a 30-fold lever is offered.
At the beginning one more important hint: Just like with the cryptocurrencies themselves, CFDs are subject to a high price fluctuation (volatility). In other words, you should only invest the money that you are prepared to lose in the worst case. In addition, this contribution does not constitute investment advice. It is only intended to show the mechanisms that are possible to increase a possible gain in Ethereum price multiple times (also called “pry”). Ideally, you can get rich quicker than you would with Ethereum’s high-value gains, but you can just as quickly lose all your money. A wise and informed approach is therefore very important in trading Ethereum and CFDs.

What is CFD?
CFD stands for Contract of Difference, so freely translated an agreement between two parties about the performance of an asset. In this case, a contract is concluded between two parties, a CFD provider and a CFD customer, which stipulate that the stock market value of a particular item either rises or falls. The item is often called the Underlying or Underlying. As a base value, e.g. Serve stocks or commodities such as gold or oil. More recently, cryptocurrencies such as Ethereum and Bitcoins are being offered as underlying.

Assuming you want to use CFDs to bet on an increase in Ethereum price, you would choose those CFDs that have Ethereum as their underlying (in other words, are linked to the Ethereum rate). If the rate of Ethereum then actually increases from the set time, then the CFD customer receives – in simple terms – the value by which the ethereum has really risen since the CFD was purchased, plus a hefty premium, the so-called leverage on top.
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