Everything you need to know about the ins-and-outs of ethereum – plus the steps you need to follow to start trading its token, ether.
Interested in ethereum trading with IG?
To trade ether CFDs, you’ll need to open a leveraged trading account. To buy it outright, you’ll need an account with an exchange.
You can open a leveraged trading account with IG in minutes, and you can open your first position as soon as you’ve added some funds. Throughout the whole process, you’ll get access to 24-hour expert support.
Opening an exchange account can be a much lengthier process, and many exchanges don’t have the infrastructure required to quickly respond to support requests.
You’re almost ready to open your first position. But before you do so, it’s worth ensuring that you are fully up to date with all the latest developments surrounding Ethereum and ether. Take a look at our news and analysis section to see what our analysts have been saying about cryptocurrency – or if you’re already an IG client, find it in the platform.
To help you decide when to open your position, you might also want to undertake some technical analysis. Technical analysis involves examining ether’s previous price movements on its chart, and using a variety of tools to predict where it might be headed next. You’ll find a huge range of tools on the IG Trading platform, including Bollinger Bands, MACD, RSI and more.
To make your first trade on the IG platform, simply search for ether and open its deal ticket. Select the size of your trade, set any stops or limits, and then hit ‘buy’ to open a long position, or ‘sell’ to open a short one.
And because you’re trading with IG, you’ll get access to increased liquidity when you open your position – which means that there’s a higher chance your entire position will be filled at the price you want.
To close your position, trade in the opposite direction to when you opened it. So if you bought ether at the outset, you’d sell it to close. If you sold to open, then buy to close.
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