FX Contracts For Difference (MT5)

You’ll never take ownership of the underlying asset (in this case, currencies). Profit or loss results only from the difference in the price of the underlying asset when the contract is closed. A CFD gives you exposure to a market and allows you to go long (trade for the price to go up) or short (trade for the price to go down). The CFD will remain open until you close it or it gets stopped out.

Deriv.com believes in reasonable trading and offer ways to limit your risk such as stop loss, take profit and limit orders they also offer a no negative balance guarantee which means should a trade go heavily against you and you don’t have a stop loss order you will not be asked for additional funds.

Deriv.com use Metatrader 5 (MT5)

MetaTrader 5 (MT5) is a robust online trading platform developed by MetaQuotes Software. Whilst, at first sight, MT5 can look a little overwhelming, take it a bite at a time and you’ll easily be able to rise to master it. The software is available free of charge and can be downloaded on a desktop or you can use a mobile device will apps available for Android and iPhone/iPad.

A beginner’s guide to trading the Forex market using Digital Options and CFDs with the MT5 platform by Vince

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