Trading CFD via MetaTrader 5 app
A contract for difference (CFD) is a derivative financial instrument with its value changing depending on an underlying asset's price fluctuations. It may be represented by a stock, commodity, or futures. CFD is a contract between a buyer and a seller stipulating that the seller will pay to the buyer the difference between the current value of an asset and its value at a contract expiration time. When trading CFDs, the ownership of an underlying asset is not registered. For example, when applied to shares, CFDs allow you to speculate on share price movements without actually possessing them.
CFDs make it possible to make money in stocks of large companies, as well as gold, oil, gas, cocoa, and many other commodities. CFDs require margin trading, which means that a leverage is used. This enables you to invest in contracts significantly exceeding your available funds.
You can start trading CFDs via your smartphone and tablet easily. Just install the free MetaTrader 5 mobile application for iPhone/iPad or Android and open your trading account. Congratulations! Now, you are ready to analyze quote charts and trade CFDs.
Study the market carefully with the help of built-in technical indicators and graphical objects before opening or closing a CFD position. The full-featured trading system with support for hedging and the market depth function will help you to detect and take advantage of favorable market conditions. Financial news and the chat with other traders will allow you to remain aware of market developments and adjust your strategy according to your expectations.
These features make MetaTrader 5 for iOS and Android devices the best app for trading CFDs. Install it now and find out why millions of traders around the world choose MetaTrader 5!