Plus500 has added Neo for CFD Trading
Plus500 one of the biggest CFD operators has added Neo coin for CFD trading.
This means that customers are indirectly exposed to Neo and speculate about Neo's short-circuits and profits. The company has also added other cryptos to its available trading partners. The company decided to add the cryptos due to a customer and market interest.
The company have BTC / USD, Eth / USD LTC/USD and few other coins, and now also Neo/USD.
Few Thinks to know:
- On CFD trading you are not really holding the asset.
- You speculate on the asset price and gain profits or lose funds depends if your speculation was successful.
- Since your not really hold the asset you are not receiving any dividends such as GAS or Any coin from chain fork.
- You can gain funds from price drop (sell order - Short).
- You can also leverage your position.
What do you think of CFDs in Neo's growing smart ecosystem? Let me know in the next section of comments.
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Plus500 one of the biggest CFD operators has added Neo coin for CFD trading.
I like it
Upvoted, re-steemed, and followed! Great information :) Look forward to more! @boobs4bitcoin
CFDs is a leveraged product and should be treated as such and it might not be for everybody. In essence, CFD trading (https://www.independentinvestor.com/cfd/) is a process of buying and selling in the financial markets on margin without actually holding the underlying assets. The simplicity of CFDs has attracted many retail traders and it's still on the rise.