Dear Members,
Trading cryptocurrency pairs is very similar to trading fiat currency pairs on forex. Let’s see how it works, taking the BTC/USD pair (Bitcoin against the US dollar) as an example.
If you predict that the value of Bitcoin will rise against the US dollar, you can open a buy trade and get a payout if your prediction turns out to be correct. Similarly, you can go for a sell trade if you think that the value of Bitcoin will fall.
Here is how it works in a nutshell:
On Deriv, you can trade cryptocurrencies by going long and going short with CFDs or multipliers and profit from the price movements of assets without buying or owning the actual digital coin
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