A smart choice is using Defi.trade for all your contract of difference (CFD) transactions. Hello, if you are a newbie and you are wondering what these terms are or how they work, I would explain simply, so you don’t only understand them but you transact with Defi.trade, your first choice decentralized financial service platform.
What is Defi?
Think of a commercial bank you save your money in and make transactions like paying for your daughter’s third term school fees, sending money to your son on vacation, amongst other business transaction, but instead of saving, you are trading your money and you are getting more out of it and the bank in here is Defi whom on their platform you can trade your contract of difference. Simply, Defi is a financial broker for trading contract of difference. Visit their website at: www.defi.trade to get started.
What is a contract of difference?
Another term that seems not understandable at first hear is contract of difference (CFD). Really, contract of difference is as basic as the name itself – let’s roll things back a bit to Aunty Sandra’s mathematics class in primary three, when we were asked to solve a question as basics as N80 – N30 = N50 and we scream the answer loudly to ensure our voice ranks above others. The derived amount is the difference between the two numbers when subtracted from each other. This too is applicable in contract of difference; however, you predict the difference between the opening price and the closing price of an asset, then multiply it by the number of CFD unit you entered and the derived difference is your own benefit. Just as simple as that. Take a look at the example below:
Opening price of a stock is $24.22 and you purchased a CFD unit of 2000 units, then the price of the stock increases, summing a closing price of $26.22. You first subtract the closing price from the opening price, that is, $26.22- $24.22 = $2, which you then multiply by your 2000 CFD units to get a profit of $4000.
Mind you, you pay a token as commission on this trade whether it is a profit or loss which is usually little to nothing. Of note is that, market could be inconsistent and the trade may not go as predicted, but it is worth the shot and you are connecting yourself to global market. In addition to that, Defi has ensured that you can test its waters without putting your money in first as you can take the try with its demo account options where you can form real trade without using your finances and there is an active customer support team ready to take all your questions and respond to them accurately at all hours of the day, through all the days of the week.
The benefits of Defi are inexhaustible amongst which includes but not limited to its celerity at allows you to turn your money over in a minute, privacy and zero intrusion as it leverages on the best blockchain security to make this possible, as well, as a peer-to-peer trade from anywhere at any time, as long as you can connect your mobile or any other device to the internet, an easy withdrawal system and a user friendly interface is all Defi.
Conclusion
Lastly, Defi has an algorithm that studies market behavior, analyzes it and predicts its possibility, thereby reducing the trading risk for its users. The platform created this year has rocked its way to the top ladder of the decentralized platforms scoring high in both praises and usage. Its illuminating features put you at a win and is never a bad day to invest, most especially into a platform that wins frequently.
For more information, visit the links below;
Website: https://defi.trade
Telegram: https://t.me/defitradeexchange
YouTube: https://www.youtube.com/channel/UCKQ1pUh2yzivLazjLAN03yg
Author
Tidingsgood
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