Good afternoon, my name is Jesus Diaz, from Venezuela, I deliver my homework for this prestigious initiative on behalf of @steemitblog , as are the #SteemitCryptoAcademy , where they enrich the users of knowledge with regard to the world of Cryptocurrencies. In advance , thank you Professor @kouba01, for allowing us to learn from your well explained class.

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Que es un CFD de Criptomonedas

They are financial instruments known as contracts for difference (CFD), which are high risk and very complex where the investor faces situations of capital gains or losses in cryptocurrencies, prior criteria established by a broker subject to underlying assets. CFD is a form of trading investment that relies on the variation of cryptocurrency, where the idea is to have capital gains in relation to the price changes of the cryptocurrency. It should be noted that the investor does not contribute active capital for this purpose, but adjusts to the value of the cryptocurrency at the time.

This negotiation can be for the purchase or sale of cryptocurrency; where the purchase is called long position, where it is expected that the cryptocurrency increases and if a high increase is achieved, the profits are significant; and the sale, called short position in which it is expected that the price of the cryptocurrency decreases, which allows repurchasing assets.

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How do I know if CFDs are right for my business?

It is necessary to know if these contracts for differences meet the desired expectations. As CFDs are high-risk contracts, the investor must know the conditions very well and invest in such a way that if he has to make losses, it will be as little as possible and that in the immediate future he will be able to recover his losses without any problem.

Are CFDs risky financial products?

Yes, absolutely, these contracts for differences are based on leverage principles that the investor must know and understand very precisely before activating the cryptocurrency CFD. That is why it is recommended to deposit a small percentage of the active capital in order to avoid a total decapitalization. The magnitude of risk depends on the investor's attitude when selecting the percentage to trade and the difference of the cryptocurrency. Since leverage is a trading action on the CFD, the investor must also know the margins in which he would be confined to accept, although he may have more profit or loss.

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Do all brokers offer cryptocurrency CFDs?

Not all brokers offer cryptocurrency CFDs, There are active online cryptocurrency brokers that allow you to buy digital currency stored in a private wallet and those that facilitate the use of CFDs without owning underlying assets.

To name one of the best, we have:
1.- eToro
2.- XTB
3.- Plus5000
4.- Libertex

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

To place a trade on Libertex, I choose to try a DEMO account.

At the top left, I take the option, All instruments, and in the drop-down window, I choose the option Cryptocurrencies.

Reflects the different cryptocurrencies with which we can operate.

we take the Ethereum cryptocurrency.

And finally, we perform the Purchase operation for an amount we wish to invest.

In this way we perform an operation in Demo mode with Libertex, in order to continue you must register in Libertex as a real user.

CONCLUSION

In conclusion, I would like to say that the world of cryptocurrencies opens up endless opportunities, and CFDs are one of them. It is necessary to know how the market is managed within them and establish profit or loss margins to have a better experience during the contract period.

If I had the opportunity and it was possible, I would study the probability of taking the risk with a small capital.

Best regards

@jesusvzla