Ethereum, unlike its predecessor and current cryptocurrency market leader (Bitcoin), is built on a much more advanced and diverse blockchain. The Bitcoin blockchain is limited to providing a network for the Bitcoin currency to be verified and recorded, whereas the Ethereum blockchain is a platform that allows for the development of advanced applications beyond the scope of digital currencies. In fact, Etherium is such a promising technology that it has been adopted by major investment banks and several Fortune 500 companies, using the technology's advantages to build various business-oriented software solutions.
Ethereum is an advanced blockchain technology built on Ether cryptocurrency. Ethereum and Ether are often used interchangeably. Created in 2014 by Vitalik Buterin, Ethereum has managed, in a very short time, to establish itself as the second-best performing cryptocurrency among a plethora of other popular cryptos such as Litecoin, Ripple and Monero. Ethereum reached an all-time-high of 800 USD at the end of 2017.
Also noteworthy is the currency’s initial growth rate that managed to hit the 100 USD mark in less than 2 years from going live. With the easier mainstream adoption of Ethereum and its diversity in terms of potential business applications, Ether is well on its way to overcome Bitcoin eventually and become the leading digital currency of our age.
The volatile nature of cryptocurrencies, in general, provides great financial opportunities for those looking to invest in Ether trading.
Ethereum trading in the Forex market enjoys all the advantages of trading CFDs. You don’t need to own the underlying asset in order to be able to speculate on its price and therefore, you can start trading CFDs on Ethereum and other cryptocurrencies as soon as you sign up for an account with CM Trading.
Ether pricing is driven by the market sentiment on crypto as a whole and Bitcoin in particular. When Bitcoin and other cryptocurrencies perform well, so does Ethereum. On the other hand, when major currencies like the USD, EUR and GBP stumble due to negative market outlook, the value of Ethereum goes up.
Since the Ether currency is still in early stages, technical analysis may not be quite as accurate and useful for most trading strategies. There are indicators out there to watch out for but there isn’t enough historical data to perform proper back-tests. However, due to Ethereum’s positive and negative correlation with other cryptocurrencies and fiat, respectively, fundamentals can prove way more valuable in terms of predicting future price movements. If you keep a close eye on the movements of digital currencies and crypto technology you will definitely have a good idea where Ethereum is headed and how it reacts to bullish or bearish news reports.
CM Trading clients are given access to exclusive reports regarding the latest crypto trends to stay ahead of the competition. An invaluable set of tools are available on every account that allows for better risk management, timely notifications on trading performance as well as emergency volatility warnings to protect your account from sudden price surges and dips.
In a nutshell, trading Ethereum, as well as any other available cryptocurrencies, appear to be a worthwhile investment. Of course, this is true as long as you start by doing your research and put in the effort to develop a solid strategy that locks small profits and minimizes your exposure to risk. While you are starting out, consistency is key in succeeding, and as long as you are able to stay in the game there will be endless opportunities to take somewhat riskier but more rewarding trades.
There are a lot of success stories with crypto but there is also a certain level of uncertainty surrounding digital currencies. That is why it’s much safer to trade CFDs on cryptocurrencies instead of actually buying the underlying currency. With a forex broker acting as your middleman, you will never have to worry about losing your currency or getting them stolen.
A regulated broker does not only enable you to trade Ethereum safely but is also required to comply with specific requirements set by financial authorities that are meant to put the trader first.
CM Trading has made cryptocurrencies including Ethereum trading available on its platform to provide clients with yet another lucrative investment opportunity and a chance to profit from these promising digital currencies as tradable financial instruments.
We also offer unique advantages:
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HIGH RISK WARNING:
Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.
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