Trading bitcoin (USD): detailed
You're interested in trading bitcoin (USD) CFD. Our price is currently 2400/2410.
You believe the bitcoin price will fall against the dollar, so you sell 1 contract at 2400 (equivalent to selling 100 bitcoins at $2400).
The bitcoin price falls and our new price is 2350/2360. You decide to take your profit by buying at 2360.
$2400 - $2360 = $40 move or 40 points
Your gross profit is 40 points x $100 = $4000.
If the market had rallied 50 points instead, your gross loss would be $5000.