Table of contents:
- 1 Sell Ripple: Sell with CFDs & easily without the Ripple Wallet
- 1.1 Sell Ripple and go long with CFDs
- 1.2 RIPPLE CFDS TRADING: TRADERS NEED TO KNOW THAT
- 1.3 Selling without a Ripple Wallet: what traders need for CFD trading
- 1.4 USE PAYPAL TO SELL RIPPLE?
- 1.5 HOW MUCH EQUITY CAPITAL DO I NEED FOR CFD-TRADING?
- 1.6 When to sell Ripple? – find the optimal trading time
- 1.7 USE TOOLS FOR TRADING PLATFORMS
- 1.8 USE VOLATILITY FOR RIPPLE SELLING
- 1.9 GO LONG OR SHORT?
- 1.10 Sell Ripple and use the leverage of CFDs optimally
- 1.11 USE LEVERAGE CONSCIOUSLY AND CONSIDER RISK CAREFULLY
- 1.12 RISK MANAGEMENT AND DIVERSIFICATION FOR LONG-TERM TRADING SUCCESS
- 1.13 TIP: CONTROL EMOTIONS WHEN TRADING
- 1.14 Consciously practice emotional decisions with demo account
- 1.15 Conclusion: Ripple selling is very easy, especially with CFDs
Sell Ripple: Sell with CFDs & easily without the Ripple Wallet
Who would like to sell Ripple, which can select itself alternatively a stock exchange for it or register with a broker. By the smaller hurdles for the start of the Trading activity the brokers are regarded frequently as secret tip, because Trader need neither a Krypto Wallet nor much own capital funds.
Instead, they can, for example, trade Ripple CFDs and operate with little equity and the leverage of maximum 1:2. We show when selling Ripple CFDs with a broker can become really interesting and give important tips for trading success
- Ripple sell with trading of CFDs as long position possible
- Traders do not need a Crypto Wallet to trade CFDs
- Ripple CFDs can be traded with leverage of 1:2
- Traders can practice CFD trading with demo account free of charge
Sell Ripple and go long with CFDs
Where to sell crypto currency Ripple? Traders can sell Ripple directly, for example by opening a trading account on the exchange and trading the coins immediately. For this purpose, a crypto wallet is required in order to secure the coins in the best possible way.
Selling Ripple Wallet is also possible without Ripple Wallet, although not on an exchange. Instead, traders simply use the financial instruments at the broker and especially the crypto CFDs. The advantage: speculation on the price trend is possible and traders do not have to sell or buy the ripple coin directly.
RIPPLE CFDS TRADING: TRADERS NEED TO KNOW THAT
CFD trading is not only possible on ripple or other crypto currencies, but also on various underlying assets. Traders use contracts for difference to speculate on falling and rising prices and can therefore trade more flexibly than, for example, conventional direct XRP investments on the stock exchange. Profits are generated by the positioning and the occurring development of the price.
A good analysis of the price combined with a forecast is necessary. If you decide on the right positions, you can hope for profits even in volatile phases and within the shortest time, although contracts for difference are among the riskiest derivatives and are therefore always subject to a residual risk. However, with the help of loss limitation and a good investment strategy, as well as some skill and trading practice, traders can better assess the risk and thus contribute to loss limitation themselves.
Selling without a Ripple Wallet: what traders need for CFD trading
In contrast to the trading activity of a crypto exchange, traders do not need the wallet to manage the coins, but only the trading account. Since most brokers do not provide ripple and other coins directly for the purchase, the storage facility is not necessary.
Instead, the positions are traded via the regular trading account, which is offered optionally as a live account and often also as a demo account. The differences between the two account models are mainly in the equity capital, because the demo account is equipped with virtual credit, the live account requires equity capital.
USE PAYPAL TO SELL RIPPLE?
Merchants decide whether they want to use the demo account or the live account for their trading activities. Those who choose the demo account can trade Ripple CFDs under near-market conditions, but they will not make any real profits.
The live account is different, of course, because it is all about real, own capital. Who would like to use PayPal for example to sell Ripple, that selects the payment service provider for the account capitalization. However we determined in practice that PayPal as Dienstleister is offered long not so often with the brokers as for example Neteller or Skrill.
HOW MUCH EQUITY CAPITAL DO I NEED FOR CFD-TRADING?
Every investor decides for himself how much equity he wants to pay in. Most brokers do not have minimum requirements for this, so traders can also start with little equity. This is exactly the advantage of trading CFDs and ripple selling (long positions), because in contrast to direct buying, significantly less equity is required.
When to sell Ripple? – find the optimal trading time
The Ripple course is enormously changeable, which became particularly clear since spring 2017. Before traders can make a trading decision, price analysis is particularly important. Its quality determines the result of the trade, because based on this information, the traders act, trade their positions long or short.
The central question is how the course will develop in the next minutes or hours. Since Contracts for Difference are especially popular for intraday trading, short-term price forecasting is the optimal way to get the necessary information.
Technical analysis, which looks at historical data and allows traders to draw conclusions about future developments based on this data, has proven to be particularly useful. The assumption is that patterns in the chart will always repeat themselves at some point. That’s why traders specifically look for possible repetitions in the course of the price.
USE TOOLS FOR TRADING PLATFORMS
The trading platform Metatrader, which is offered free of charge by many renowned brokers, has proven itself for the price analysis above all. The traders can carry out the price analysis with the provided tools and indicators (free of charge) and use interactive real-time price charts and much more.
Besides popular indicators also more than 20 analytical objects, different time frames or chart types are available. Due to the user-friendliness of high functionality, even less experienced traders can use the features to make the analysis much easier.
USE VOLATILITY FOR RIPPLE SELLING
Contracts for Difference are considered high-risk derivatives, but they also allow traders to take advantage of the volatility in the crypto-market. Even Ripple is not spared this, as a look at the price development shows. Sometimes the volatility is more pronounced, sometimes less so. When trading on the crypto stock exchange, it is often not really possible to find the ideal trading time in the short or medium term due to the volatile price development. CFDs, on the other hand, are different, because traders can trade rising prices or falling prices, or even sideways prices.
GO LONG OR SHORT?
Traders can trade their positions long or short, even combine both possibilities. If you trade a position long, you expect rising prices and buy the CFDs to sell them later at a higher price. On the other hand, if traders trade their position short, they expect the ripple price to fall. They then sell the CFDs first to buy them back later at a lower price.
Volatility is exactly what traders can use to do this, although volatility is also a challenge. For example, if the ripple price shows huge fluctuations, traders can go long and short equally to hedge their position. Although this does not result in additional profits, trading is possible even in volatile market phases without taking too much risk and ensuring that at least one position is successful.
Sell Ripple and use the leverage of CFDs optimally
Another advantage of crypto CFDs is that traders can also trade them with leverage. This option is not available at the crypto exchanges, where the traders have to raise the full amount of their equity to buy the coins. Leverage can be chosen flexibly depending on the underlying asset of the CFDs, although it is lowest with crypto CFDs.
For example, private traders can trade Ripple CFDs at a maximum of 1:2, while trading Foreign Exchange CFDs is possible at a maximum of 1:30. With the help of leverage, traders have the chance to move higher amounts in the market with less equity. The advantage: The higher capital expenditure does not have to be raised by the traders themselves, but the leverage regulates it. For example, if the traders use the maximum leverage of 1:2, the equity capital on the market is doubled. The traders only need to deposit a lower security deposit with the broker and receive the difference as a loan.
USE LEVERAGE CONSCIOUSLY AND CONSIDER RISK CAREFULLY
Leverage offers investors many opportunities for higher profits with less capital expenditure, but that is exactly what makes it so risky. That’s why it’s important for traders to know exactly how to use leverage. To practice this, many brokers provide free demo accounts with virtual credit. The traders have the chance to invest in the crypto currency under conditions close to the market without having to take their own risk with capital.
RISK MANAGEMENT AND DIVERSIFICATION FOR LONG-TERM TRADING SUCCESS
In order to be able to operate successfully on the crypto market in the long term, the traders can take advantage of some tips and tricks. Even absolute trading professionals cannot do without losses when trading. However, they know how to deal with them and limit losses at best. That’s why diversification and risk management are especially important for the traders, as this allows them to spread their investment opportunities widely and spread the risk. Important criteria in risk management are also:
- Apply trading strategy
- Keeping emotions under control
In order for the traders to be able to act with a strategy, it is first of all important to have a suitable approach in the first place. Especially traders at the beginning of their trading career often don’t even know how to develop and apply a strategy. Many brokers also offer support in this area, as there are often countless opportunities for further training in strategy development and its application.
In addition, traders have the chance to try out their strategy with a free demo account and to improve it if necessary. The strategy should always be based on various criteria such as: Risk tolerance, trading experience and investment horizon. The CFDs are particularly suitable for traders who are short- and medium-term oriented and have some risk appetite.
In order to take diversification into account, we recommend not only to focus on the Ripple CFDs, but also to trade for example the contracts for difference on other crypto currencies.
TIP: CONTROL EMOTIONS WHEN TRADING
Emotionality is often present among traders, but it is also the cause of wrong decisions in trading. Many traders react highly emotionally, for example, when they have made their first profits or, when their trades have resulted in losses. The question is how the traders deal with this at best, so that they do not make further wrong decisions in their activities due to the emotional nature of their actions.
It is important to leave emotionality out of the equation if possible and to make trading decisions based primarily on the results of price analysis. For example, if traders want to sell ripples or trade long or short positions, it is important to use technical analysis or fundamental analysis in order to provide the most accurate price forecast possible. The mere gut feeling is not enough to make reliable trading decisions, especially with the volatility of crypto currencies.
Consciously practice emotional decisions with demo account
Experienced traders already know how they react when they win or lose; what such results do to them emotionally. Therefore, they can control their emotions even better and know how detrimental an emotional trading decision can be. Traders who are at the beginning of their trading career have usually not yet been able to gather such experiences.
In order to give them this opportunity, we recommend using the demo account with virtual credit and consciously make risky trading decisions, which almost certainly result in a loss. Why? In this way, the traders themselves feel what this trading result does to them, what emotions it triggers. Those who regularly expose themselves to such situations learn to make better use of them.
Conclusion: Ripple selling is very easy, especially with CFDs
Who would like to use PayPal or other means of payment for the own capital to sell ripple, can invest either with crypto stock exchanges or with the broker.
Both trading options have their advantages, but also disadvantages. Traders are particularly flexible with a broker, because here they can often trade CFDs and other financial instruments to the crypto market. The advantage: They need only little equity capital and save the (costly) selection of a crypto-wallet. In addition, Ripple CFDs offer much more flexibility when it comes to trading volatile price movements. As a glance at the chart picture shows, Ripple also presents enormous price fluctuations since spring 2017, which is often disadvantageous for trading decisions on the stock exchange.
Traders who opt for CFDs do not have to worry about this, because they can trade falling, rising or sideways prices easily and with little equity. A maximum leverage of 1:2 can also be used for this, so that a lot can be moved on the market with little equity. If you want to sell your chances at the ripple or try out trading long and short positions with CFDs at the broker yourself, you can often start very easily with a demo account.