Discover how to trade litecoin CFDs, as well as how litecoin works, what moves its price and whether you’ll need to buy and sell the cryptocurrency on an exchange.
CFDs are complex instruments. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. CFDs are complex instruments. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
You’ll need a leveraged trading account to start speculating on litecoin CFDs.
Opening an IG trading account takes a few minutes, and you can chat to one of our dedicated experts 24 hours a day (Monday to Friday) if you have any problems. Once your account is open, there’s no obligation to fund or trade.
Keep in mind that, unlike if you were to buy and sell litecoin, you won’t need an account with an exchange. This is because you trade on the prices offered, which we derive from multiple exchanges on your behalf.
A comprehensive trading plan is a great way of taking the emotion out of your decisions, setting out the trades you should make as well as when to take profit or cut losses. Here are five steps that you can follow to create a trading plan:
Before you open your first position, you’ll want to make sure that you are up to date with all the latest litecoin developments.
You might also want to consider running some technical analysis on litecoin. The charts in the IG Trading platform come equipped with a range of indicators to help you identify trends, and plan your first trade accordingly.
Now it’s time to open your first position. With IG, you can trade litecoin CFDs using a variety of platforms, including:
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