CFD trading is rapidly becoming the go-to strategy for many investors worldwide. Whether it’s day trading in the US or Europe, the low costs associated with CFD trading make it a preferred choice for active traders. It has also simplified the process of dealing with stock markets and cryptocurrencies, thanks to the convenience offered by CFD trading apps for both IOS and Android phones.
Wondering what a CFD is? It’s a contract between two or more parties to settle the difference in price from when the contract was opened to when it was closed. Essentially, it’s a method of price speculation that doesn’t require actually owning the underlying asset.
When using a broker to trade CFDs, know that you’re not buying and owning the asset, rather you’re simply betting on price fluctuations. For streamlined CFD trading, consider using a platform like capital.com, which features a dedicated CFD trading app for Android and IOS devices.
Here are some unique features you’ll find on this CFD trading app:
Tailored Content
For seasoned traders, diverse and robust content is crucial for making informed investment decisions. The capital.com app provides top-notch financial content orgating to your experience level and needs. Plus, you get updated trading and investment news.
AI Integration
The Capital.com trading app leverages the power of Artificial Intelligence (AI) to enhance trading practices. It can identify cognitive biases that may affect your investment decisions. For example, if you often succumb to specific behavioural biases, the app will pinpoint them and give you bespoke content designed to sharpen your trading skills.
Up-to-Date Market Data
Looking for real-time updates on market data? The Capital.com app gives you access to the most accurate, up-to-the-minute stats on all major global markets, be it stocks or cryptocurrency.
Rapid Withdrawals
Choose an app that gives you quick access to your returns. Capital.com ensures your money reaches your bank account in less than 24 hours.
Multiple Payment Options
The app allows you a variety of payment methods, including credit card, debit card, Skrill, bank wire transfer, and Neteller.
Easy Account Access
It’s even more convenient to access your CFD account via the app. You can check real-time prices, make deposits, and manage your account quickly.
Take Control of Your Trades
You no longer need a computer to keep track of your trades. After placing your trades and setting some limits, your earnings will fluctuate with the market price. You can watch the market changes in real time via the app and also add or close new trades.
Here are some pointers for trading CFDs with an app if you’re starting out:
Pick Your Markets
You can choose from a range of markets such as bonds, digital currencies, and even interest rates. Choose a market you are familiar with to best respond to market changes.
Buy & Sell
CFD trading involves buying and selling based on the value of an underlying asset. If you speculate that the value will increase, buy. If you expect the value to decrease, sell. The CFD trading app seamlessly facilitates these procedures.
