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CFD vs Forex?

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  • CFD vs Forex?

    Hi. I'm just a beginner and as a newbie, I'd like to ask about the difference between CFD and Forex? Which is better especially for beginner's like me? Would love to hear your comments.

  • #2
    With CFDs you can trade on different types of contracts on a wider range of markets like commodities, indices, stocks, etc. Forex on the other hand is purely on trading currencies. Another major difference between the two is that with CFDs, you have can choose different contracts that can change in value and currency type and usually this is based on which country the instrument originated while with forex, you trade between two currencies and the lot sizes are uniform. In general, each has their own advantages so I suggest that you try out both types of trading. Good luck!

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    • #3
      Which brokers do you think is highly recommended and profitable in terms of trading CFDs?

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      • #4
        I suggest you go and check the etoro ethereum cfd and the spreads they offer, this broker is good if you want to copy trade the eth cfd

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        • #5
          Trading CFDs are risky yet profitable, right now I am exploring if i can apply in my cfd trades the avatrade ripple.

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