Table of contents:
- 1 Buy Tron: Buying Tron Coin with CFDs successfully
- 1.1 Where can I buy Tron Coin if I DO NOT want to go to the exchange?
- 1.2 Buy Tron Coin or trade the course of the price with the broker: This is how traders proceed
- 1.3 CHOOSE THE RIGHT BROKER
- 1.4 OPEN A TRADING ACCOUNT
- 1.5 VERIFICATION OF THE ACCOUNT
- 1.6 ACCOUNT CAPITALIZATION MADE EASY
- 1.7 USING BITCOIN AS A MEANS OF PAYMENT
- 1.8 MAKING A TRADING DECISION: ANALYZE PRICES
- 1.9 INTERPRETING THE PRICE TREND CORRECTLY: ANALYSIS OPTIONS PRESENTED
- 1.10 TECHNICAL ANALYSIS
- 1.11 FUNDAMENTAL ANALYSIS
- 1.12 OPEN POSITIONS: LONG OR SHORT?
- 1.13 HOW LONG DO CFDS TRADE FOR?
- 1.14 SIDEWAYS TREND IN BROKER TRADING
- 1.15 Buy Tron and use credit from brokers with CFDs
- 1.16 WHAT TO CONSIDER WITH THE LEVERAGE
- 1.17 Diversification with brokers much easier than with crypto stock exchange
- 1.18 COMBINE CFDS AND CRYPTO-SECURITIES
- 1.19 Buy Tron with Wallet – do I also need it from the broker?
- 1.20 BROKERS SAVE TRADERS THE WALLET
- 1.21 Choosing the right broker: How traders find their top provider
- 1.22 CFDs trade – so even less experienced investors get off to a perfect start
- 1.23 USE TRADING TIPS FROM PROFESSIONALS
- 1.24 Trading Tips for CFD Trading
- 1.25 1 – TRADING WITHOUT EMOTIONS
- 1.26 2 – TRADING STRATEGY
- 1.27 3 – LIMITING RISK
- 1.28 Conclusion: Buy Tron was yesterday, today TRX CFDs are “in”.
Buy Tron: Buying Tron Coin with CFDs successfully
Buying Tron is possible directly at stock exchanges, but often requires a lot of equity capital and above all time to select a wallet and analyze the Tron prices. Who does not want to buy directly the Tron Coin, but wants to use the advantages of the crypto currency more flexibly, can become active with the broker. Traders have the chance to speculate on the course of prices and can use even volatile market phases optimally. We show how exactly this works and why CFDs are often better than direct trading.
- Buying Tron often requires a lot of equity & is therefore not always suitable
- TRX CFDs offer many trading opportunities, even in volatile phases
- TRX CFDs can also be traded without a wallet
- Traders can use CFDs profitably with little equity thanks to leverage
Buy Tron Coin directly or speculate on the price – which is the better option? Investors can use the crypto-market in many ways. One is to be active on the crypto-market when you want to buy Tron TRX. Necessary for this is besides the trading account:
- Equity capital (for example Fiat money or other Coins)
If traders want to buy the Tron crypto currency, the market must also be given for it. This means that prices are low at best. So you don’t have to pay too much for the TRX – and can sell it later more easily with profit. First, however, the traders must open their account and link it to a crypto-wallet. This point represents an enormous challenge for many traders, as there are countless wallet variants that differ significantly in terms of functionality and security. If the traders want to act on a long-term basis, we recommend an offline wallet; at best a hardware wallet. However, it is important to note here: The traders must pay a one-time purchase price. On the other hand, if you want to buy Tron TRX and then sell it quickly, short-term storage options in the form of online wallets can also be considered.
Where can I buy Tron Coin if I DO NOT want to go to the exchange?
Are there alternatives to trading TRX, or do traders really have to settle for an exchange only? Buying TRX Tron directly from the exchanges, but occasionally from brokers is also possible. There is however still another better possibility, in order to profit from the crypto currency, without necessarily own capital funds to use or with a Wallet Tron Coin to buy to have: the difference contracts. Traders can speculate with the broker completely flexibly on the course of the exchange rate and have thereby many advantages:
- Less equity capital required than on exchanges
- Trade also possible without great previous knowledge
- No direct purchase of the coins means no long-term commitment
- Flexibility, even under difficult market conditions
Trading activity with a broker does not require a digital wallet, the traders simply open their account. Here too, brokers are generally more flexible than exchanges, as many brokers offer several account models to choose from. These include live accounts with equity requirements and a demo account. With this demo account, traders have the opportunity to get to know the broker first and test their chances and risks with the crypto-CFDs. Those who want to buy Tron Coin or trade the price after a successful test phase can easily switch to the account with equity capital and thus achieve real profits at best.
Buy Tron Coin or trade the course of the price with the broker: This is how traders proceed
Many traders may not even know that there are indeed alternatives to buying the coins directly, which are often more suitable for the investments due to the volatility. Therefore we want to show how many interesting possibilities the traders have, even without much trading experience or with a lot of equity capital, to take advantage of the price development for themselves. The CFDs, also known as Contracts of Difference, are offered on different underlying assets. Since the demand for the trade with crypto currencies increased clearly in the last years, also many brokers make crypto CFDs available on Bitcoin, Litecoin and CO. Since Tron belongs to the Top 20 among more than 3,000 Internet currencies, it is hardly surprising that often also the TRX CFDs belong to it.
CHOOSE THE RIGHT BROKER
In order to take any chance at all to trade CFDs or for example crypto shares in the crypto market, traders must first open an account with the broker of their choice. The choice of trading platform is not that difficult if the traders use a comparison, for example. Here, various criteria can be used for a faster selection of a suitable broker. Of course, the preferred broker should also offer TRX CFDs, because after all, that’s what it’s all about in our case. Further selection criteria can be:
- Trading conditions
- Trading platform
- Other crypto-financial instruments
- Once the traders have decided on a broker, the next step is to open an account.
OPEN A TRADING ACCOUNT
Many crypto brokers offer traders the opportunity to open a free trading account. Unlike crypto exchanges, brokers often offer multiple account models, allowing traders to choose from a variety of live accounts with equity or a demo account. Which information is required for registration depends on the preferred account model. Experience has shown that anyone who decides on a live account has to provide considerably more information than with a demo account. Some of the most important information required when opening an account is
- Date of birth
- e-mail address
If the traders want to act as private investors, proof of appropriate trading experience is not necessary. However, if you register as a professional trader to take advantage of the benefits of higher leverage, you will need to demonstrate appropriate trading experience and often also raise significantly more capital.
VERIFICATION OF THE ACCOUNT
With the registration the registration process is almost complete. The only thing missing is the verification of the deposited data, with which the traders protect themselves. With the verification, they confirm their identity and use a valid identification document for this purpose. By taking this step, not only the traders protect themselves, but also the brokers comply with the legal requirements and the specifications of the licensors. In addition to the personal details, the address must also be verified, which can be done, for example, with a current telephone bill. How the verification is carried out exactly is determined by each broker himself. Some provide an upload link for the documents, so that the support team checks all documents upon receipt and releases the trading account. Other brokers are one step further and offer video telephony.
ACCOUNT CAPITALIZATION MADE EASY
In order for traders to actively start trading in the crypto-market, equity capital is required. Compared to the stock exchanges, the equity capital requirement for a broker is somewhat lower, but a certain amount is still required for trading activity with the live account. Traders can capitalize their account with fiat money or a crypto currency, with the deposit options with fiat money dominating. For this purpose, traders can often use the following service providers:
- Credit cards
- Electronic purses
- Bank transfer
In addition, many brokers offer the instant bank transfer, which has nothing in common with the classic bank transfer. Instead, Sofortüberweisung is a payment service offered by the company Klarna. Traders can use it to make their payments much faster than with a bank transfer, but often have lower limits. This is the advantage of bank transfer, although it can take longer than all other payment methods (up to five days). If you want to invest in the crypto market in the short term, you should use credit cards or electronic wallets for account capitalization.
USING BITCOIN AS A MEANS OF PAYMENT
Traders can also use Bitcoins as a means of payment with selected brokers. For this, the link must be made with the crypto-wallet. In addition a Coins existence is naturally necessary at least in the height, in which the account capitalization is to take place.
Tip: If traders decide for the free demo account with virtual credit, no equity capital is required. Instead, traders receive play money and can use it for trading TRX CFDs.
MAKING A TRADING DECISION: ANALYZE PRICES
If the traders have (virtual) credit on their trading account, nothing more stands in the way of trading. Now it is a matter of identifying a suitable market situation where trading is worthwhile. Price analysis is important here, because the traders decide whether to trade with or against the trend. For the price analysis the brokers make available according to experience innovative platforms with many free Tools and indicators. Also here substantial differences to the crypto stock exchanges are recognizable; because traders usually do not receive such a support with the Exchanges. The MetaTrader is one of the well-known platforms, which convince with innovative technology and functionality. Traders can take advantage of a number of benefits here. And not only on the PC, but also as a mobile application for the smartphone or tablet. The special features of MetaTrader include
- Interactive real-time price charts with zoom and scroll function
- 9 timeframes
- Over 22 analytical objects
- Different diagram types
- Over 25 popular technical indicators
Added to this is the high speed of the charts and the customized chart color scheme. Traders can configure the settings according to their wishes, thus creating an even more functional user interface for trading activities. Since the operation is extremely intuitive, it can be easily implemented even by less experienced traders.
INTERPRETING THE PRICE TREND CORRECTLY: ANALYSIS OPTIONS PRESENTED
Traders have several options available to support them in their price analysis. Of course, some traders can make their own predictions based on their experience and the current market situation, but this is too challenging for trading beginners. Volatility does not make things easier, as the crypto-market is subject to constant fluctuations, so forecasting is not easy with a longer-term investment horizon. Therefore, we recommend trading at short notice and also to choose a short timeframe for analysis. The MetaTrader provides different time frames to choose from, so that traders can use M1, M5, M15 or M30 for example.
Technical analysis is considered the simplest form of analysis on the market and refers to data from the past. For example, traders can use the TRX price of the last few days to make predictions about the future based on its development Tron and trade the position accordingly. For technical analysis, the MetaTrader offers many tools that traders can use free of charge.
Compared to technical analysis, fundamental analysis is somewhat more complex because it is based on current market data. Even for trading professionals, technical analysis is not always easy to realize due to the required information content, as not all brokers provide all information easily accessible (free of charge).
OPEN POSITIONS: LONG OR SHORT?
When trading TRX CFDs, the aim is to trade positions on falling, rising or sideways prices. Price analysis serves as the starting point. If the traders have forecast that the price of the crypto currency will fall, the position is traded short. If the prices actually fall, then the traders win; if the prices rise however, then they lose. The same works if the forecast shows that the price will rise. The traders trade the position long and make profits if the price actually rises.
HOW LONG DO CFDS TRADE FOR?
The question naturally arises as to how long the crypto-CFDs can be held. There is no time limit for the holding period, although contracts for difference are primarily designed for a short-term investment horizon. This is further underlined by the volatility on the crypto-market, as a longer-term sovereign forecast is hardly possible due to the constant changes of course. Instead, traders buy or sell their positions within minutes or hours; they usually trade CFDs intraday.
SIDEWAYS TREND IN BROKER TRADING
A sideways trend is not as rare as one might think for a crypto course. For example, the TRX price showed a sideways trend that lasted from August 2019 to fall 2019. Such situations are difficult for traders on the stock exchange to handle, as there is hardly any optimal trading time. However, with the help of crypto-CFDs, traders can use the smallest price fluctuations to trade the position for a few minutes, for example, and generate a profit even in supposedly difficult market situations.
Buy Tron and use credit from brokers with CFDs
It sounds too good to be true: Trading with little equity and still taking advantage of the full profit opportunities in the market. This is exactly what brokers are all about when traders choose crypto CFDs. Trading is possible with little equity, because a maximum leverage of 1:2 for crypto-CFDs allows the equity to be multiplied. Those who trade contracts for difference with other underlying assets (such as commodities or securities) can benefit from higher leverage, which can be up to 1:30 (for foreign exchange). Leverage is not available with the crypto stock exchange. All traders who have little equity available will nevertheless find numerous interesting investment and investment opportunities with a broker.
WHAT TO CONSIDER WITH THE LEVERAGE
In the best case, the leverage brings investors high profits with little equity, but it also works in the other direction. For example, the leverage can also bring significantly higher losses if traders do not exercise loss limitation. We recommend that you always set the limits for profits and losses for every opened position, so that the positions close automatically as soon as these limits are reached. Especially for traders who are not able to analyze the prices constantly and act as hobby traders, such limits are extremely important in order not to suffer a total loss in the end. The stop-loss and take-profit positions have proven to be particularly useful in this regard.
Diversification with brokers much easier than with crypto stock exchange
Trading success requires not only a sound price analysis, but also good risk management. This includes investing in various financial instruments and diversification. While the traders on a crypto stock exchange can buy the Tron Coin and of course invest in other Internet currencies, there are no other possibilities to spread the risk. With brokers, the traders have more options, because in addition to CFDs, other financial instruments are part of the offer:
In addition, diversification of different industries can be carried out. It is not always all about the crypto market, although it offers many opportunities for traders due to its volatility and growing number of currencies. Traders can also invest in other underlying assets and trade CFDs on currencies, commodities, stocks and much more.
COMBINE CFDS AND CRYPTO-SECURITIES
At best, the traders make skilful use of their opportunities in the crypto market and invest in the short, medium and long-term investment horizon. For example, crypto CFDs and crypto shares are available for this purpose. Traders can invest in the Bitcoin GROUP SE company shares or buy shares of other crypto companies. Even if the share price should fall once, there is the possibility to compensate for the losses in the short term. This is because traders also have the possibility to use crypto share CFDs on falling share prices.
Buy Tron with Wallet – do I also need it from the broker?
Trading at an exchange requires that traders work with Tron Coins directly. They must be managed somewhere, so in addition to the trading account, it is necessary to open a crypto-wallet. While many exchanges now offer free wallet solutions automatically with the account opening, traders should pay close attention to their wallet selection. There are now countless wallet solutions available, so selection is not easy. Often the selection and opening takes a long time, which is not everyone’s cup of tea. In addition, wallet management also involves occasional additional costs if the traders decide to use the hardware wallet. Although it offers maximum security, it costs around 100 euros.
BROKERS SAVE TRADERS THE WALLET
Brokers are less complicated, traders do not need a crypto-wallet. Instead, they can start their trading activity directly. It should be noted, however, that traders do not buy TRX or other coins directly from the broker, but instead use financial instruments such as CFDs or shares. By eliminating the wallet, traders can start trading with the broker much faster and secure opportunities in the crypto-market.
Choosing the right broker: How traders find their top provider
Not only the selection of tradable financial instruments at the broker is enormous, but also the range of trading platforms. It is not always easy for investors to find the right broker with optimal trading conditions. Support with the selection offers a free comparison, with which different criteria are objectively compared. Of course, every trader has his or her own ideas about the broker of his or her choice. Some prefer particularly favorable trading conditions, others want an innovative trading platform or many services. It is important to make the comparison according to your individual wishes and in this way find the best broker. Such criteria can be for example:
- Trading offer
- Account models
- Payment options
If traders explicitly want to use Fiat money or a specific payment service provider to capitalize their account or pay out profits, they should include this in the comparison. Who already has Bitcoin or other Coins in his crypto-wallet and would like to make the account capitalization with the broker, should look for a broker in a very specific way, with whom also deposits with Bitcoin and Co. are possible.
Tip: We recommend a free demo account for the start of trading and to get to know the broker better. This gives traders the chance to get to know the broker without any obligations and to simply close the account again if they are not satisfied. Those who have taken a liking to the broker with the demo account can usually switch to the live account in no time at all or even manage the demo account together with the live account.
CFDs trade – so even less experienced investors get off to a perfect start
Are there easy ways for trading beginners to start trading in the crypto market, or is this reserved for experienced traders only? Even less experienced traders have the chance to use the crypto-market for themselves without much risk and with appropriate help. For this purpose, brokers offer many opportunities and, above all, further training courses. Traders can approach their profit step by step, for example by taking the opportunity to practice with the demo account and to acquire basic knowledge for trading activities.
USE TRADING TIPS FROM PROFESSIONALS
Even the most successful traders started out without much previous knowledge or equity. However, they have shown the will to educate themselves further in order to better understand the market. Those who seize their opportunities can carry out analyses on a more sound basis, even in difficult market situations, and thus lay the foundation for their profits. Of course, there is no investment or investment with a 100 percent profit guarantee. But if you proceed strategically and hedge your risk, you can act better and secure the advantages on the crypto market. While tests or investments with little equity capital are not possible with a stock exchange, brokers score points with numerous possibilities to make it easier for traders to get started.
Trading Tips for CFD Trading
THE absolutely safe recommendations for CFD trading are not available to us either. But we can pass on some helpful tips from experience, which have proven themselves in practice for successful CFD trading.
1 – TRADING WITHOUT EMOTIONS
When trading, traders should always make sure that their emotions do not get the upper hand when it comes to trading decisions. Instead, trading activities should always be based on real analysis to identify opportunities in the market. Acting solely on the basis of a gut feeling or high spirits is rarely advantageous, as emotionality can cloud the view of the essential, the actual market situation.
2 – TRADING STRATEGY
Experience has shown that there is no such thing as the optimal all-inclusive trading strategy. Traders should always create their strategy individually according to their needs. This includes taking into account trading experience, available equity, investment horizon and much more. Some traders are risk-oriented, others less so. And so strategies should be individually designed.
3 – LIMITING RISK
Risk limitation is one of the key success factors when it comes to CFD trading. Traders should protect the equity as much as possible, limit losses and also limit profits. Yes, it may sound funny, but greed has led many an investor to make risky trades, resulting in high losses.
Conclusion: Buy Tron was yesterday, today TRX CFDs are “in”.
Tron Coin can be purchased directly from exchanges – or more easily and flexibly from a broker. In return they speculate on the price development and do not invest in the TRX directly. By trading with a broker, traders save themselves in the best case the choice of a Tron Wallet and a lot of equity, because CFD trading is possible with just a few Euros. In addition, the traders have the chance to use a leverage of maximum 1:2 to move a lot of capital in the market and secure higher profits. Who would like, can try the numerous advantages of the crypto CFD trade with the broker with a free demo account and takes thereby no risk at all. With the help of virtual credits and under conditions close to the market, traders have the chance to develop their individual trading strategy and test it without risk. Those who enjoy it can easily switch to a live account and generate real profits with their own capital. Instead of buying Tron, it is possible to get the coveted coins through Tron Mining, but the user has to go into advance and provide computing power.