Table of contents:
- 1 Stellar Lumen’s price with CFD leverage ensures
- 1.1 Use Stellar Lumens price with CFDs to maximize profits
- 1.2 HISTORY OF THE STELLAR LUMENS COURSE EURO
- 1.3 Stellar Lumens Dollar exchange rate can be used with CFDs even at short notice
- 1.4 CFD TRADING ALSO FOR LAYMEN
- 1.5 THIS IS HOW PRICE ANALYSIS WORKS WITH CFD TRADING
- 1.6 METATRADER FOR PRICE ANALYSIS HAS PROVED ITSELF
- 1.7 IDENTIFYING TRENDS MADE EASY
- 1.8 CLEVER USE OF STOP-LOSS AND TAKE-PROFIT POSITIONS
- 1.9 Volatility: Curse or blessing in CFD trading?
- 1.10 SECURE FAST PROFITS
- 1.11 Use the demo account skillfully for CFD trading & learn from successful traders
- 1.12 TEST TRADING PSYCHOLOGY WITH DEMO ACCOUNT
- 1.13 Combine Stellar CFDs and other financial instruments for higher profits
- 1.14 Conclusion: Stellar Lumen’s price enables rapid profits thanks to CFDs
Stellar Lumen’s price with CFD leverage ensures
Traders have the opportunity to take advantage of the Stellar Lumens price even in highly volatile phases. As with many other crypto currencies, the XLM Stellar Lumens rate often shows a quick trend reversal, which traders sometimes cannot realize so quickly. With the help of crypto-CFDs this works more simply, besides less own capital funds are necessary. Positions can be traded on up, down and sideways trends on Stellar Lumens price, even with a maximum leverage of 1:2. We will show you exactly how this works.
- Stellar Lumens price can be leveraged with CFDs
- Trading volatility profitably with hedged positions
- Maximum leverage for crypto-CFDs 1:2
- Traders can test trading the XLM Stellar Lumens rate with free demo account
Use Stellar Lumens price with CFDs to maximize profits
Traders can get the most out of Stellar Lumens prices despite high volatility if they know which financial instruments are suitable. While buying Stellar Lumens directly on the crypto stock exchange can be a challenge for traders during volatile periods, Stellar Lumens can be leveraged with CFDs. Since 2014, the Stellar Lumens crypto-currency has been available, which stands for cross asset transfers like no other. The combination of low transaction costs and an open financial system is what makes the crypto currency so special, even though many traders were late to recognize this exclusivity. A look at the XLM Stellar Lumens exchange rate shows that it took several years after its introduction in 2014 for traders to take an interest in the crypto currency. It wasn’t until 2017 that the time had finally come and the price increased noticeably.
HISTORY OF THE STELLAR LUMENS COURSE EURO
To better assess the potential of the Stellar Lumens Euro exchange rate and to provide Stellar Lumens forecasts, we take a closer look at the history to date. An all-time high of 0.851591 Euro was reached on January 4, 2018, whereas the all-time low was reached several years ago and was quoted at 0.001114 Euro on November 18, 2014. At that time, hardly anyone thought that the crypto currency could become successful. In the meantime, things look different, because XLM is one of the Top 10 crypto currencies. Who applied at that time the courage and for example with the all time low the course Stellar Lumens traded, which Stellar Lumens Coins acquired perhaps even directly, could later with something patience and perseverance with the all time high profits obtain.
Stellar Lumens Dollar exchange rate can be used with CFDs even at short notice
If the traders had struck at the former all-time low of the crypto currency and had proved some years patience, until the all-time high occurred, then they could have generated good profits at the crypto stock exchange. However, not many traders have the patience to keep their coins and wait until interesting market opportunities arise. Any trader who does not want to have this patience can benefit from Stellar Lumens without long waiting or holding periods and trade contracts for difference, for example. The advantage: Even the smallest price movements, which are barely visible to the crypto layman, can be optimally used with CFDs. Since the contracts of difference are often only held for a few minutes or hours, traders have the chance to profit from the volatility of the crypto currency.
CFD TRADING ALSO FOR LAYMEN
There are only a few access requirements for CFD trading. Traders do not need a crypto-wallet – unlike on the stock exchange – and can move a lot on the market even with little equity capital. Furthermore, it is possible to hedge CFDs, so that the traders actually only generate the losses and profits they have determined in advance. Sounds simple, doesn’t it? In practice, with a little practice, it’s just as easy when traders know how to correctly analyze prices and open their positions. Stellar Lumens price evaluation plays an important role, as it is the basis for traders to trade long or short positions.
THIS IS HOW PRICE ANALYSIS WORKS WITH CFD TRADING
Many traders are overwhelmed when looking at the Stellar Lumens price and wonder what the fluctuating line actually means. However, those who have no experience in price analysis should not worry and still take the step to become a broker. In order to facilitate the entrance and minimize the risk, many brokers even provide a free demo account with play money. Inexperienced traders thus have the chance to get to know the broker more closely on the one hand, and on the other hand to acquire knowledge about price analysis and to practice trading CFDs. Tips and tricks from trading professionals, the acquisition of basic knowledge (which, by the way, is often available free of charge from brokers) and, in addition, free indicators and tools help with price analysis.
METATRADER FOR PRICE ANALYSIS HAS PROVED ITSELF
Many brokers rely on innovative and highly functional platforms, which convince through user-friendliness. One of them is the trading platform MetaTrader. This is available not only for the PC, but also for Smartphone or Tablet. For technical analysis, countless possibilities are available in a comprehensible and easy to use way. These include, among others:
- Numerous analytical objects (lines, channels, geometric figures and Gann-, Fibonacci- and Elliott-tools)
- 9 time frame: M1, M5, M15, M30, H1, H4, D1, W1 and MN
- Different chart types: Bar, candle and line charts
- Technical indicators
- In addition, interactive real-time price charts improve the analysis with current market data.
IDENTIFYING TRENDS MADE EASY
Traders first determine the trends for trading CFDs and look at what opportunities the Stellar Lumens price offers them. The idea is to identify the trend based on historical data (for technical analysis) or current market data (for fundamental analysis) and use the price forecast to their advantage. Traders can trade with or against the trend, and trading the trend often proves to be particularly easy and beneficial. With the help of the price forecast, the traders decide whether to trade their position long or short and when it will be closed. The advantage of CFDs is that even the smallest trend developments can be used, as the positions can be closed again after a short time. This is especially important in particularly volatile market phases in order to take profits and limit losses.
CLEVER USE OF STOP-LOSS AND TAKE-PROFIT POSITIONS
To ensure that hobby traders also get their money’s worth with the CFDs and make the best use of the Stellar Lumens price, we recommend that you take advantage of the automatic position closing with your own limit definitions. To do this, traders trade stop-loss and take-profit positions and determine individually when the position should be closed in order to protect their equity as much as possible. Thanks to the automatic positions, traders do not have to constantly monitor the market, but are protected and can, for example, calmly look at how their positions have developed after work. For those in a hurry, many brokers also offer the service of SMS or push notifications to show results of trading activity.
Volatility: Curse or blessing in CFD trading?
Volatility is particularly pronounced for many crypto currencies, not just Stellar. While traders on crypto exchanges often have to wait a long time for the right market situation and be patient because of volatility, CFD traders can even benefit from volatility when trading CFDs – if they make the right decisions. It is important that a price analysis is performed and that the traders keep a cool head despite volatility. Price fluctuations are part of the crypto-currencies and should not be seen as an enemy, but rather as an opportunity for quick profits. Quotes often change due to unforeseen events or market news. Traders can make a price analysis, which is a good basis for trading decisions in any case, but there is always a residual risk. Those who know how to deal with it remain calm and use the market to their advantage even in the case of sudden volatility.
SECURE FAST PROFITS
Traders can use volatile market phases to secure rapid profits. If volatility has reached an enormous frequency, it even makes sense to trade long AND short positions. The traders may not generate extra profits, but they secure their participation in the market and make sure that one of the positions will bring profits in any case. In order to better deal with volatility, we recommend practicing with the demo account and using the virtual balance to consciously expose yourself to such difficult market situations in order to learn from them.
Use the demo account skillfully for CFD trading & learn from successful traders
The difference between trading on a crypto stock exchange and trading with a broker is that investors can use a demo account with the latter. The demo account is usually available for an unlimited time and with virtual credit, which is not the case with many exchanges. For traders who have little experience in market analysis or trading in general, registering with the broker using the demo account is therefore a good thing and an important step in learning the basics of trading and the crypto-market itself. Where else is there the opportunity to trade the Stellar Lumens rate with play money and learn from trading decisions?
TEST TRADING PSYCHOLOGY WITH DEMO ACCOUNT
The demo account can be used very flexibly as long as sufficient virtual seed capital is available. In order for the traders to profit optimally from it, we recommend testing different strategies. Traders should deliberately use risky trades to see what consequences their decisions have. The feeling of generating losses often weighs heavily and literally hits many investors on the stomach. However, those who expose themselves to such situations and consciously keep learning about this feeling can cope better with time and will certainly not make certain trading mistakes again in the future. And in any case, it is better to make the mistakes with virtual assets and learn from them instead of losing your own capital through wrong decisions.
Combine Stellar CFDs and other financial instruments for higher profits
Many brokers not only offer crypto-CFDs, but also provide investors with additional financial instruments for the highest possible diversification. These do not necessarily have to revolve around the crypto-market, but often do. Those who wish to invest exclusively in the crypto-market will find not only contracts for difference in Bitcoin, Stellar and other interesting currencies at brokers, but also in other financial instruments:
ETFs and other financial instruments are also included. In addition to the Internet currencies, there are of course numerous other underlying instruments. This allows traders to achieve even greater diversification by trading CFDs on different underlying assets. For example, crypto CFDs can be combined with stock CFDs or commodity CFDs. In this way, traders have the opportunity to spread the risk in the market. If there is a general negative trend in the crypto-market, traders have the opportunity to offset the loss with CFDs on stocks or commodities by diversifying the CFDs on different underlying assets. Diversification on the crypto-market with different financial instruments and investment horizons is also possible. For example, traders can trade Bitcoin CFDs and at the same time invest in the company shares of Bitcoin GROUP SE. This covers the short-medium-term (through CFDs) as well as the long-term investment horizon (through shares). Even the price loss of the crypto shares is no problem for resourceful traders, because they can trade the crypto share CFDs in case of a negative trend of the share and thus at least provide for a short-term compensation.
Conclusion: Stellar Lumen’s price enables rapid profits thanks to CFDs
Traders can use Stellar Lumens to generate profits with brokers and exchanges. While the crypto stock exchange requires more effort and above all equity capital, it works easier for a broker. Traders can use contracts for difference to trade the Stellar Lumens price, speculating on its performance. Only little equity capital is needed, because CFDs can usually be traded with just a few Euros. Nevertheless, traders can still enjoy higher profits by using the maximum leverage in crypto CFDs. Private traders have the chance to apply the multiplier with a maximum of 1:2 and thus ensure that more equity is brought into the market and at best, higher profits result. Since the leverage works in both directions, we recommend that you first test the opportunities and risks of crypto-CFDs with the demo account and then use your own capital to act later with the live account at the broker.