Table of contents:
- 1 Tron Coin: Use Tron Coin News to speculate on price movements with CFDs
- 1.1 Buy Tron Coin directly or trade CFDs?
- 1.2 TRON COIN GERMAN – ALSO DIRECTLY TRADEABLE?
- 1.3 Is it worthwhile to buy Tron Coin on the Exchange or are there better options?
- 1.4 VOLATILITY AT TRX MAKES DIRECT TRADING DIFFICULT
- 1.5 Speculating on the price trend of Tron Coin: the opportunities with CFDs
- 1.6 HOW DOES TRADING OF CFDS WORK?
- 1.7 OPENING AN ACCOUNT MADE EASY
- 1.8 VERIFICATION OF THE DATA
- 1.9 ACCOUNT CAPITALIZATION FOR TRADING WITH REAL PROFITS
- 1.10 IN SOME CASES, PAYMENTS WITH BITCOIN ARE ALSO POSSIBLE
- 1.11 PRICE ANALYSIS SUPPORT AVAILABLE FREE OF CHARGE
- 1.12 HOW IS THE TRON COIN CFD TRADED?
- 1.13 SECURE CFDS
- 1.14 Tip: Trade Tron Coin CFDs with leverage
- 1.15 HEDGE LEVERS AND LIMIT LOSSES
- 1.16 Use Tron Coin News for trading activities
- 1.17 CFDS ENABLE TRADING EVEN IN THE MOST DIFFICULT SITUATIONS
- 1.18 How much does trading Tron Coin or speculating on the price trend cost me?
- 1.19 TRADING COSTS WITH THE BROKER SUBSTANTIALLY LOWER
- 1.20 Trading entry: Where do inexperienced investors have better chances?
- 1.21 How do I find the best broker for me?
- 1.22 DIVERSIFICATION POSSIBILITIES ALSO WITH CRYPTO-SECURITIES
- 1.23 Crypto-trading and taxes: What do I have to consider?
- 1.24 NOT ALL BROKERS PAY TAXES FOR THEIR TRADERS
- 1.25 Crypto wallet also necessary for brokers?
- 1.26 WALLET IS NOT REQUIRED FOR BROKERS
- 1.27 Conclusion: Tron Coin with brokers trading CFDs more flexible
Tron Coin: Use Tron Coin News to speculate on price movements with CFDs
The crypto market offers many possibilities; there are over 3,000 Internet currencies to choose from. The Tron Coin is one of them. The traders can for example invest directly in the crypto currency and use Exchanges or secure flexible trading possibilities with a broker. The advantage: Even with enormous volatility, which can be triggered for example by Tron Coin News, profitable trading is possible, because CFDs can be used for falling, rising or sideways prices. How exactly this works, we show.
- Trade Tron Coin CFDs with brokers even without equity
- CFDs offer significantly higher chances of winning with leverage
- Traders can act with brokers without a crypto-wallet
- Many brokers provide free demo accounts for maximum learning effect
Buy Tron Coin directly or trade CFDs?
Tron Coin is the official currency of the network of the same name and is abbreviated as TRX. What exactly is Tron Coin and what can traders use it for? It is used to process transactions and ensure that payment transactions are processed using block chain technology. However, it is also recognized as a means of payment within the network and is managed by the TRON Foundation. A maximum coin amount has not been set, which clearly distinguishes Tron Coin from Bitcoin and other crypto currencies with limits.
TRON COIN GERMAN – ALSO DIRECTLY TRADEABLE?
Traders can buy or sell the coin directly on crypto exchanges just like other digital currencies. However, this requires a separate Tron Wallet. The way to trade on the stock exchange is not always easy, because it often involves an enormous expenditure of time. Not to be forgotten is also the monetary expenditure if the traders decide to use a hardware wallet, for example. Those who want to exchange Euros with the Tron Coin or buy TRX with the Fiat currency must first capitalize their account after registration, which can take a few working days. In addition the selection of a suitable Wallet comes. Many traders reach their limits, because there are different wallet solutions with big differences in handling and security.
Is it worthwhile to buy Tron Coin on the Exchange or are there better options?
The question is, of course, whether the benefits justify the effort and expense involved with the Exchange. It is not possible to give a general answer to this question, because each trader decides individually what he wants to do with the coins and whether he wants to buy Tron directly or whether he prefers to speculate exclusively on the price development. The choice of trading platform depends on the answer. For the direct purchase of Tron Coins there is usually only the exchange as a contact point, while the traders speculate on the price development with a crypto-broker or invest in crypto-securities for example. For those who want to invest flexibly and take advantage of the volatile price development of TRX, the crypto exchanges are less suitable. In this case we recommend registering with a broker and trading TRX CFDs.
VOLATILITY AT TRX MAKES DIRECT TRADING DIFFICULT
Tron, like many other crypto currencies, has an enormous volatility. The price fluctuated particularly widely from January to fall 2018, and traders who wanted to invest in a crypto exchange had a hard time finding a suitable time to enter the market due to the enormous volatility. Even sideways trend phases, such as those that occurred from summer 2019 to autumn 2019, are not very suitable for trading on the exchange, as the price hardly moves at all and thus offers little opportunity for trading entry.
Speculating on the price trend of Tron Coin: the opportunities with CFDs
While the traders at crypto exchanges are hardly flexible with the purchase of the Coins, they have much more possibilities with the brokers by the speculations on the course of prices. The reason is easy to explain: If the traders want to buy crypto coins on the exchange, they have to wait for the ideal time on the market, which can take longer depending on the volatility. If the coins are then in the wallet and the owner wants to sell them, the same game applies: you wait for the ideal time to sell. Here, too, it can take a long time for the traders to sell at a profit. In addition there is the fear that the wallet is manipulated by hacker attacks and the coins are stolen. Traders do not have this pressure and waiting when they trade with a broker. Instead, they can trade the price trend flexibly, because crypto-CFDs can be traded on falling, rising and sideways prices equally.
HOW DOES TRADING OF CFDS WORK?
Now the question arises how traders can take advantage of the benefits of CFD trading with a broker. The first step is to select a suitable provider. In order to find the right trading platform, we recommend that you make a broker comparison, as this allows traders to search for Tron Coin CFDs in a very targeted manner. The crypto currency is one of the top 20 based on market capitalization, but experience shows that not all brokers offer trading with it.
OPENING AN ACCOUNT MADE EASY
Once the traders have found a suitable broker, the next step is to open an account. In contrast to crypto stock exchanges, traders usually have several account models to choose from among the brokers, including a free demo account. Those who decide to open a demo account usually have to disclose less data than when opening a live account for trading with real capital. However, the following information is generally required to open a trading account:
- Date of birth
Traders must also assign a password and a user name. In order to protect the account in the best possible way, we recommend choosing a password that consists of several characters and is not easily cracked. Many brokers offer their investors assistance in this regard and indicate, for example, whether the chosen password is secure or whether there is room for improvement.
VERIFICATION OF THE DATA
After the information has been entered into the online registration form, the verification process continues. If the traders want to use their live account with their own funds, verification is required. By doing so, the traders confirm the accuracy of their information and the authenticity of their identity by means of a valid identification document. Proof of address is also provided, for example by means of a current telephone bill or the invoice from an energy supplier. In this way, not only the traders protect themselves from abusive actions with their personal data, but also the brokers themselves, as they are following the legal requirements of the licensors (e.g. CySEC).
ACCOUNT CAPITALIZATION FOR TRADING WITH REAL PROFITS
Account capitalization is also important when traders choose to have a live account. Only those who deposit their own capital can actually generate real profits. There are several options for account capitalization, such as
- Electronic wallets
- Credit cards
- Bank transfer
If the traders want to pay with Fiat money, the choice of service providers is in most cases enormous. In addition, there is often the service for instant bank transfers, which is provided by the provider Klarna. The instant bank transfer is processed much faster than the classic bank transfer. If the traders use the conventional bank transfer service, they have to wait up to five working days for their transfers and have to expect additional costs due to currency conversions by the participating credit institutions. To speed up the process and save possible additional costs, we recommend opening the trading account in the currency in which the deposit is made. For European traders, this means choosing Euro as the main currency on the trading account.
IN SOME CASES, PAYMENTS WITH BITCOIN ARE ALSO POSSIBLE
Some brokers have expanded their range of payment options beyond Fiat real money. For example, they offer account capitalization with Bitcoin. However, this requires a link to the crypto-wallet and the corresponding number of coins must be available in the digital wallet.
Tip: If the traders decide on the free demo account, no capital is required at all. Instead, the traders are provided with virtual credit for their first trading steps. The amount of the credit balance is determined by the brokers themselves; it is often over 10,000 euros.
Price analysis for speculation on Tron Coin: Traders have these possibilities with a broker
Once the traders have secured their account with the broker, the actual trading activity begins. No matter whether with virtual assets or with own capital, the price analysis forms the basis for trading decisions. It is important that the traders look at the Tron Coin and the Tron forecasts the development. Since the volatility is pronounced in the crypto currency, we recommend using short time frames for precise price analysis. This allows traders to make more informed forecasts, which in the end enables trading decisions with less risk.
PRICE ANALYSIS SUPPORT AVAILABLE FREE OF CHARGE
Many traders come to the broker and have little or no experience trading in the crypto market. Of course, trading beginners are also welcome at the brokers and receive support, often even free of charge. For it the renowned brokers make many free analysis possibilities and Tools available, under it the innovative Trading platform Metatrader. Traders can use it not only on the PC, but also on the mobile devices and have access to numerous tools for technical analysis. This includes among other things:
- Interactive real-time charts
- Countless analytical objects, such as lines and geometric shapes
- Various Timeframes
- Multiple chart types
- Various technical indicators
In order to be able to carry out the chart analysis optimally, many brokers offer further training opportunities that deal exactly with these options. Traders can often acquire the basic knowledge free of charge with videos or other content and can also use the demo account to practice the price analysis without risk.
HOW IS THE TRON COIN CFD TRADED?
Trading of the crypto-CFDs is based on price analysis. The traders decide how to open their position: long or short. The advantage of CFDs is that the traders can use almost any price to make profits. However, it is important that they decide whether to trade with or against the trend. Experience shows that trend trading is the easiest, but the traders must first recognize the trend. This is exactly what technical analysis with its simple application is predestined for. Based on the historical data, the traders create a forecast of the (short-term) development and use it for trading CFDs. If, for example, an upward trend appears, the position is opened accordingly. The same applies to the downward or sideways trend. This flexibility is the decisive advantage compared to the trading activities at a crypto exchange, because the traders do not have to wait for days or even weeks until ideal trading opportunities appear on the market.
When trading Contracts for Difference it is important to secure the trading decisions. CFDs are considered high-risk derivatives, so there is always a certain risk of loss. However, traders can significantly minimize the risk by trading with stop-loss and take-profit positions and setting the limits for taking profits or limiting losses themselves. CFDs are well suited for hobby traders, because they can, for example, open the positions before their actual activity and see what the result looks like after work.
Tip: Trade Tron Coin CFDs with leverage
CFDs have a special attraction for investors, because they offer enormous profit chances. Even for traders who have little equity available, Contracts for Difference are a good way to work on asset accumulation. Contracts for Difference can be traded with leverage, so that a maximum multiplier of 1:30 is possible for private traders. If traders decide to invest in crypto-CFDs, the maximum leverage is 1:2. Traders deposit a security deposit when trading CFDs with leverage, and the difference is provided by the broker as a sort of credit. This brings more capital to the market, which in turn can lead to higher profits. This is also an advantage of brokers compared to the Exchanges, because such options do not exist there. If the traders want to acquire TRX at the crypto stock exchange, they must raise the equivalent value fully. Although Tron costs considerably less than Bitcoin, traders do not have the option of acting with only a small equity share and getting the rest de facto at short notice from the exchange.
HEDGE LEVERS AND LIMIT LOSSES
Although the leverage effect offers enormous profit potential, it can also mean higher losses. Therefore it is important that traders know their risk and hedge it optimally when trading positions. We therefore recommend always trading with a safety net of stop-loss and take-profit positions.
Use Tron Coin News for trading activities
Crypto courses often show an enormous volatility, which is also caused by current news reports. Often it is geopolitical or political decisions that cause fluctuations. The general mood on the crypto-market is also often a trigger for a sudden change of course, which might not have been detected in the previous analysis. When trading TRX or speculating on the price trend, Tron Coin News is an essential factor in making sound trading decisions and forecasting price movements. If, for example, there are hacking attacks again and coins are stolen from a wallet, this usually has an effect on the entire crypto-market, because traders are unsettled. A similar phenomenon has already been seen in recent years, when hackers stole Bitcoin to the tune of millions. At that time not only the nut/mother of all crypto currencies was affected by an enormous exchange rate loss, but the uncertainty extended also to many other crypto currencies at the market.
CFDS ENABLE TRADING EVEN IN THE MOST DIFFICULT SITUATIONS
The good thing about CFDs is that the traders can even hold them for only a few minutes. If, for example, a short-term opportunity arises in the market or the price suddenly moves in another direction, the traders can take precautions with the appropriate hedging and master even the most difficult market situations. This flexibility is hardly possible with crypto stock exchanges, because the trading process takes many times longer simply because of the transaction processing in the respective crypto network.
How much does trading Tron Coin or speculating on the price trend cost me?
One of the most important questions when it comes to starting a trading activity is the question of costs. Of course, equity capital is also important, but the trading costs determine how much of the equity capital is left over for the actual investment and how high the profits can ultimately be. Therefore we naturally ask this question and compare CFDs with the direct purchase of the Coins at an exchange. Every trading platform determines the conditions for its trading activities itself. This means that the expenses for crypto-currency trades are different for exchanges and brokers. Although the providers are in competition with each other and therefore naturally try to offer competitive conditions, there can be big differences.
TRADING COSTS WITH THE BROKER SUBSTANTIALLY LOWER
The trading costs with a broker are manageable, because often it is only the spreads – the difference between buying and selling. Although there may be additional costs for overnight position trading or fees for account capitalization or profit payout, these are extremely rare and allow traders to better calculate their trading costs. Another advantage is that brokers not only offer attractive trading conditions, but often also free services, such as training opportunities or a free demo account. This compares to the trading costs of an exchange. If the traders want to acquire Coins, they must calculate not only the costs of the platform, but also possible fees for the settlement in the crypto network as a reward for the miners. Of course Tron Mining is also possible to earn Coins directly as a reward, but the user has to go into advance and provide computing power.
Trading entry: Where do inexperienced investors have better chances?
More and more traders are looking for alternatives to the classic investment possibilities that do not generate much interest (for example, time deposits or overnight money) and therefore choose the path to a broker or a crypto stock exchange. The question arises as to where the traders have the better entry opportunities at the beginning of their trading career and can build on further training and support. Of course, crypto exchanges also offer tips, analyses or real-time quotes free of charge. However, the scope of such offers is not comparable to that of brokers. As experience shows, brokers provide significantly more options for learning how to trade around the crypto-market. These include:
- Free webinars
- Trainings with professionals
- Trading Tips
The best thing about it: Traders can consolidate and try out the theoretical basic knowledge with many brokers with the help of a free demo account without risk. Even if the trading decisions are wrong, there is no real loss with a virtual credit balance. The learning effect that the traders draw from such losses is enormous and can be transferred to the live account later. As a result, traders are much better equipped to successfully use their own capital for trading decisions and to apply CFDs for speculation on TRX price movements.
How do I find the best broker for me?
There are now countless crypto brokers on the market, so it is not easy to find a suitable provider for your individual trading needs. However, comparing providers on the basis of scalable criteria can help to shed some light on this. For example, it is conceivable to select the provider according to:
- Trading offer
- Trading costs
- Trading platform
- Account Models
Each dealer should determine individually what is important to him and make his choice accordingly. If you want as many free services and further training opportunities as possible, you should also make sure that you have a wide range of offers in this area when choosing a broker. If, on the other hand, traders would like to have the choice of many account models, they look for providers who make these available. It is also important to offer financial instruments to the crypto market. Since it is not advisable to focus exclusively on the Tron Coin due to diversification, we recommend a broker who also provides other crypto underlyings for CFD trading. Bitcoin, Litecoin and Ripple have long been common trading offerings for many brokers.
DIVERSIFICATION POSSIBILITIES ALSO WITH CRYPTO-SECURITIES
Additional diversification opportunities also exist in the trading of crypto-securities. Some brokers offer interesting options for this. Traders can thus pursue their investment horizon over the long term. Conceivable, for example, is the investment in shares of Bitcoin GROUP SE or the purchase of company shares of hardware manufacturers who also benefit from the mining boom.
Crypto-trading and taxes: What do I have to consider?
There are significant differences between trading activities at a broker and at the stock exchange with regard to tax considerations. Traders at crypto exchanges are by no means exempt from taxes, even if this is a common opinion. However, the tax approach at exchanges is different from that of brokers. Those who buy the coins directly and store them in wallets have to pay taxes if they sell them after a holding period of less than twelve months. However, if the coins are sold after this holding period, the profits are tax-free.
NOT ALL BROKERS PAY TAXES FOR THEIR TRADERS
When trading with a crypto broker, traders do not always have to pay taxes themselves. If the broker is located in the country, he takes over the settlement for the traders and already retains the tax portion (the final withholding tax). If this does not happen, the profits including the tax are paid out to the traders and the traders themselves have the task to report their profits to the tax authorities and take care of the tax handling. It is important to know exactly whether the broker withholds the tax or not. Out of ignorance, traders could commit tax evasion if the broker does not withhold the tax, but they assume it and therefore do not report profits to the tax authorities.
Crypto wallet also necessary for brokers?
There are various crypto-wallet solutions available, which poses challenges for many users. Which wallet should I use, cold or hot; online or offline? If the traders want to trade the Tron Coin directly and become active on the crypto exchange, the wallet is inevitable. Traders should take the necessary time when choosing, because a wrong wallet decision can be expensive. For example, if the crypto-wallet is insufficiently secured and the hackers manage to manipulate it, the coins can be lost. Various media reports in the past show that such a thing is not unlikely; millions of coins have been stolen in recent years. For this reason, the security of the crypto-wallet is a top priority.
WALLET IS NOT REQUIRED FOR BROKERS
If traders decide to use the Tron Coin price development at a broker for their trading activities, they usually do not need a wallet. Many brokers do not even offer to buy the coins directly, but only to trade the contracts for difference or crypto-securities. This is good for the traders, because this way they save themselves the tiresome selection process and do not have to incur any additional expenses for the purchase of a wallet.
Conclusion: Tron Coin with brokers trading CFDs more flexible
Traders have the opportunity to trade the Tron Coin on numerous platforms. There is a choice between brokers and exchanges, although direct buying is only possible at exchanges. However, if traders want to be flexible and make efficient use of market volatility, crypto CFDs are an advantage. These are available from countless brokers, not only for the Tron Coin, but also for other well-known crypto-currencies. Traders have the chance to profit from the price development with little equity capital and without the need to select a crypto wallet beforehand and can even act with leverage. By the leverage effect it is possible to use only a small own capital funds amount and to get the remainder as credit from the broker provided. Investors are of course offered many more trading opportunities, because the equity capital can be used more variably. If you would like to try your chances with Tron Coin CFDs, you can register for the free demo account, which is offered by many brokers. The later change to the live account with the possibility of real profits is, according to experience, just as unconventionally possible.