AAPL/USD: Trade Apple to US Dollar
CEX.IO Broker platform offers users to trade Contracts for Difference (CFDs) on Apple stocks. The AAPL/USD pair represents how much USD is needed to buy 1 AAPL. AAPL refers to a quoted currency, while USD is a base one. A specified timeframe allows monitoring AAPL/USD price fluctuations using the chart at CEX.IO Broker.
How do I start margin trading via CFDs on AAPL?
To start trading at CEX.IO Broker, you need to register on the platform. In case you have already used a CEX.IO before, there is no need to create one more account on CEX.IO Broker. Use the CEX.IO login and password.
Then you need to create a trading account. For that, choose the account base currency (BTC, ETH, or USDT), set the leverage, and click the ‘Create’ button.
The selected leverage will apply to all the trades in the given account. If you want to use another leverage — you will need to open a new account.
After creating an account, you can fund your balance with one of the account base currencies you choose (BTC, ETH, or USDT), and start trading.
How does trading CFDs on AAPL work?
The cryptocurrency market is dynamic, so you can hardly define whether the price will rise or fall in the next second. The CEX.IO Broker platform allows you to trade on the basis of Contracts for Difference (CFDs). Trading CFDs you can earn on both an uptrend and a downtrend.
You need to open Long positions if you expect the market to go up, and Short - if you think that the price of AAPL will fall. Your position can become profitable if your prediction turns out to be correct.
Most traders use technical analysis in CFD trading to identify certain patterns and make trading decisions.
What options are available for AAPL/USD CFD trading on CEX.IO Broker?
One of the key benefits of trading at CEX.IO Broker is that you have the possibility to apply leverage to any pair you trade. The selected leverage allows you to trade a larger amount of money and thus can magnify your potential profit.
In case the price moves accordingly to your position, your profit will be multiplied by the leverage size. However, it’s important to take into consideration another side of leverage. In case the price moves in the opposite direction, the leverage increases the risks of loss.
CEX.IO Broker features four order types you can use in your trading:
- Limit order - allows setting the price at which you want to sell/buy. It takes a certain amount of time to execute as the market needs to reach the preset price or better.
- Market order - offers you to buy/sell cryptocurrencies immediately at the current price.
- Stop - similar to the Limit order, but only fills at the exact price you set.
- OCO (One-cancels-the-other) order - combines Limit and Stop orders. Once one of them is executed, the other - cancelled.
What can help to make trading CFDs on AAPL/USD more successful?
If you are new in crypto trading with margin, CEX.IO Broker offers you to try a demo account before trading to the live account. Thus, you can get acquainted with the platform’s tools and features, order types, etc.
If you are a seasoned trader, you can still use the demo account to test and fine-tune some new strategies before you start trading with them on your live account.
Why trade the AAPL/USD pair?
Nowadays, it’s quite hard to find a person who is not aware of Apple Inc. Millions of people use personal computers, smartphones, tablet computers, smartwatches, and so on designed and manufactured by Apple.
Apple is the largest technology company in the world by revenue and one of the most valuable companies in the world.
Hence, this drives the huge interest of a wide audience towards the company. AAPL stocks price dynamics suggest significant earning potential, and CEX.IO Broker allows trading CFD on AAPL stocks to benefit from that potential.
Some reasons to try CFD trading on CEX.IO Broker
CEX.IO Broker is a platform tailored to every market participant’s needs - from beginners to professional traders. With our services, you can execute a wide range of different, customized trading strategies.
Due to the aggregated liquidity on the platform - your orders will be executed on the popular spot market platforms. This allows CEX.IO Broker to successfully fill both small and large orders in a timely manner and at the price that reflects the available liquidity on the largest cryptocurrency exchanges.