Many industry experts see crypto as having the potential to shape the future of finance, and this year, Bitcoin's all-time high reflected this sentiment. For traders looking to explore crypto markets, Octa, a globally recognised financial broker, offers valuable tips and insights to help beginners approach trading digital assets effectively.
KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 18 October 2024 - These days, many traders in Southeast Asia look for cryptocurrencies as a high-value opportunity to diversify their portfolio. While some buy and sell crypto directly via dedicated crypto exchanges, others prefer trading contracts for difference (CFDs) on cryptocurrencies with Forex brokers. The latter approach allows traders to bypass all transactional and security difficulties associated with owning digital assets while tapping into crypto's volatility and profit potential.
Trading crypto pairs: global broker Octa's guide
The difference between brokers and crypto exchanges Crypto exchanges and brokerages operate differently in the trading landscape. The exchanges act as matchmakers and facilitate transactions between buyers and sellers to and from crypto and fiat currencies.
On the other hand, brokerages directly engage with clients and offer them guaranteed trade fulfilment and higher liquidity. They provide a broader range of financial instruments for trading, including contracts for differences on cryptocurrencies, fiat currency pairs, indices, and more.
When trading via a cryptocurrency exchange, the buyer becomes the owner of the digital asset once the trade is complete and stores it using an e-wallet. Conversely, trading USD/cryptocurrency pairs with a broker doesn't involve the physical ownership of digital assets. Instead, traders deal with derivatives, such as CFDs, and speculate on the price movement of a cryptocurrency against the USD without owning the cryptocurrency itself.
The choice of a platform Forex brokers often offer much higher leverage options than crypto exchanges, creating ample opportunity for profits. However, these opportunities come with a higher risk, meaning financial knowledge acquisition and continuous learning become even more critical as the primary source of progress towards financial goals.
Brokers also offer traders a larger pool of order options, including limit orders, stop-loss and take-profit orders, and more. This extensive arsenal helps traders use market fluctuations to their advantage and fine-tune their charts according to their preferences.
For those interested in profiting from the dynamically evolving crypto trading landscape, Octa, a global broker with extensive market experience, offers 34 CFDs on popular cryptocurrencies. This portfolio of digital assets allows traders to tap into crypto's potential without burdening themselves with e-wallets and other dedicated tools that can compromise the security of their funds and personal data.
While many inexperienced traders start trading crypto on dedicated exchanges, opting for a broker with a more comprehensive range of assets may provide some advantages. In particular, brokers can offer a seamless and more secure experience within a single trading platform, higher leverage, and more portfolio diversification options. Hashtag: #Octa
The issuer is solely responsible for the content of this announcement.
Octa
Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.
In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.
In business, appearances matter. The way your space looks sets the tone for how clients, customers, and even your staff perceive your brand. A well-...
Purchasing a second-hand car can be a thrilling experience, but there's more to it than simply handing over the cash and driving off. One very impor...
Starting a new life in a modern apartment can be a challenging yet exciting step. While moving into a modern apartment, people always need reliable ...
When straightening the teeth, out-of-date metal braces are no longer the only option. Nowadays, Invisalign is among the most highly sought-after alt...
Regardless of whether you're renovating a house. You are tidying up your backyard, or running a construction site. Chances are you'll require a skip...
In the evolving world of building design, the demand for architectural features that are both practical and visually striking continues to rise. One...
You know that feeling when water starts pooling where it shouldn't? Or received a quote for pipe repairs that made your eyes water? Let's chat about...
Landing pages are integral to the conversion funnel in digital marketing. Yet, when SEO works well to drive traffic to the landing page, it's just a...
Email segmentation generally refers to age, location, gender demographic, and conventional elements. While this could be helpful information, it doe...
If you're searching for reliable caravan dealers in Campbellfield, it's essential to choose a dealer that offers quality products, excellent custome...
Making informed health decisions becomes increasingly important as we navigate through different life stages. What may have seemed unimportant in our ...
