How To Trade CFD?

CFD allows traders to earn from price movements of underlying assets such as stocks and currencies without actually owning them. Learn how you can trade CFD

• Question 01

  What is the first step recommended before starting CFD trading?

  Your Answer

  • A.Begin trading immediately

  • B.Open a trading account with any broker

  • C.Compare different brokers and choose one with a good reputation

  • D.Deposit a large sum of money into your account

• Question 01

  What documents are typically required during the account opening process?

  Your Answer

  • A.Proof of identity and proof of residence

  • B.Credit or debit card information

  • C.Trading strategy

  • D.Assets selection form

• Question 01

  What assets can you typically trade in CFDs after funding your account?

  Your Answer

  • A.Only stocks

  • B.Only commodities

  • C.Shares, indices, forex, commodities, or bonds

  • D.Only cryptocurrencies

• Question 01

  Which payment methods are commonly used for depositing money into a trading account?

  Your Answer

  • A.Cash only

  • B.Cryptocurrency only

  • C.Credit or debit card, and bank transfer

  • D.PayPal only

• Question 01

  How can you adjust your trading strategy after placing a trade?

  Your Answer

  • A.Opening a trading account

  • B.Depositing money

  • C.Monitoring trade progress

  • D.Placing a trade