You’ve probably heard a thing or two about Bitcoin, Ethereum, Ripple, Litecoin or the all new Bitcoin Cash. Their prices seem to be skyrocketing or plummeting, depending on the day. Cryptocurrency is the one of the most discussed investment right now and will continue to be so for a long time. These coins seem to dominate the financial headlines daily.

ETX Capital is offering 5 major cryptocoins to trade on their TraderPro platform. In this class we will begin with a general introduction to digital currency and learn how to trade cryptocurrency CFDs, how to evaluate each of the 5 coins offered and what are their major differences. Trading Bitcoin or altcoins with leverage, allows you to take a position with less capital and without the complexity of ownership and lets you capitalise on upward or downward movements. The class will also review strategies for trading cryptocurrency as these new assets have limited history and are not part of a government or central bank. We will also look at the effects of social networks and communities in price volatility of digital coins.

All traders must understand that there is a high element of randomness to the markets - therefore they will experience both winning and losing trades whilst following a trading strategy. It is essential that the use of a strategy is combined with responsible money management and risk management. Different traders following the same strategy will achieve different levels of performance, and there is no guarantee of profitable trading.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.