XTrade is just one of the many trading brokers out there, but unlike most other brokers, it offers you to trade in CFDs instead of trading directly with the underlying asset. What is CFD? It stands for Contracts For Differences.
Like binary options, it is a derivative instrument, however, unlike binary options, you do not win all or lose all. Instead, a losing scenario could see you either losing all of your money or losing only a part of it. This is because CFDs gives you the opportunity to earn money from the difference in the asking and closing price.
Leverage And Ratio
So, if the price of a certain asset like USD/EUR opens at 1.6 and closes at 1.8, you earn 0.2.…Continue reading