BDSwiss offers an exciting and equally challenging way to trade Contracts for Difference (CFDs). Trading CFDs provides traders an opportunity to leverage market trends and to make impressive profits even with a small capital investment.
How To Trade CFD/Forex With BDSwiss
This article will show you how to get started with BDSwiss’ newest feature, CFD forex trading, in a few simple steps.
What is CFD Forex Trading on BDSwiss?
A CFD is a derivative product based on an underlying asset. This means that CFDs allow you to trade on the price movement of the underlying asset.
With a CFD, you can trade any type of asset even those that are seen to be too complex or too volatile to trade.
For example, you can trade numerous forex pairs. But trading all these pairs would require a significantly large capital outlay. A CFD allows you to trade all the forex pairs without the need to invest a large amount of capital.
The difference between the opening price and the closing price of the underlying asset determines whether a trade ends profitably or at a loss.
Profits are likely to be realized the more the price of the underlying asset moves in the right direction.
Given that a CFD is a leveraged product, you only pay collateral, which equates to a portion of the actual value of a position. With this collateral, you can trade on large volumes without the need for a large capital investment.
When you initiate a CFD trade, you will determine whether you want to trade on falling or rising prices of the underlying asset.
Once the CFD position is open and closed, the price difference between the closing and opening price is calculated to determine whether you have made a profit or a loss.
The difference between the open and close price multiplied by the volume you have traded determines your profit or loss based on whether you were trading on rising or falling prices.
How to Open A Forex Trading Account With BDSwiss
You can open a BDSwiss account in four simple steps:
Step 1: Access signup form
Head over to the official BDSwiss website at www.bdswiss.com to access the signup form. Click on ‘Create Account’ at the top right corner.
Step 2: Fill out signup form
To complete the signup form on the next page, you will be required to provide your name, phone number and valid email address. You will also need to fill out your country of residence, date, month and year of birth, and input your desired password.
Step 3: Complete the signup form
The final step in the account application process is to fill out your preferred currency and to accept BDSwiss terms and conditions for trading on the platform. You have the choice of Euro, US dollar or Sterling Pound—once you select a currency, you will not be able to change it. Click on ‘Create Account’ to finalize the process.
You have successfully opened a BDSwiss CFD Forex trading account!To start trading on the platform, you need to make your first deposit. A minimum of $/€/£100 is required to start trading.
Advantages of CFD Forex Trading With BDSwiss
• Diverse asset list- numerous global forex pairs
• User-friendly trading platform
• Mobile trading
• Low minimum deposit (€/$/£ 100)
• High payouts on trades (Up to 85%)
• Low minimum trade amount- Up to (€/$/£ 20)
In summary, BDSwiss is one of the few brokers now offering traders the opportunity to trade numerous forex pairs using the CFD advantage. With a high payout amount and a low minimum deposit, you can start turning in a profit with just a small capital outlay.