What are Cryptocurrencies?
Cryptocurrencies are virtual currencies which operate independently from banks and governments. Just like traditional forex trading, when you trade a cryptocurrency, you’re simply speculating on whether the price of an individual cryptocurrency asset – such as Bitcoin – will rise or fall.
And when you trade cryptocurrency CFDs with HonorFX, you don’t have to invest directly in the product. Instead, you’re simply trading on the real-time price movements in the market, meaning you could earn a profit or a loss whether the price goes up or down.