AMZN/USD: Trade AMZN to US Dollar
AMZN/USD: (AMZN to USD) is a currency pair where AMZN represents the stocks of a technology company Amazon, while USD stands for a base currency. This pair demonstrates the price of 1 AMZN in USD. CEX.IO Broker platform allows users trading Contracts for Difference (CFDs) on AMZN stocks.
How to start CFD trading on AMZN stocks with margin?
To start working with the platform, you need to become a CEX.IO Broker client. To proceed with this, make the following steps:
- Register on the platform. If you are already registered with CEX.IO, you can use your CEX.IO login and password. There is no need to create a separate account.
- Choose the account currency (BTC, ETH, or USDT) and desired leverage.
- Add funds to your account.
And you are ready to start trading.
It’s always possible to change the leverage by creating a new account. CEX.IO Broker users have the possibility to choose from 2x to 100x leverage for margin trading.
How does trading CFDs with margin on AMZN/USD work?
Trading with CEX.IO Broker implies the use of derivatives such as Contracts for Difference (CFDs). CFD allows trading without owning the asset and gives the opportunity to profit from price fluctuations regardless of the market direction. If you expect the price to move up, then you can open a Long position. Conversely, if you expect a downward movement, you can open a Short position.
What options do I have to trade CFD on AMZN on CEX.IO Broker?
At CEX.IO Broker, you can discover many different options. Particularly, you can use four order types:
- Limit order - allows you to set the price at which you would like to sell/buy. It fills when the market reaches the preset price or better.
- Market order - gives you the possibility to buy/sell cryptocurrencies immediately at the current price.
- Stop - fills as the Limit order, but only at the exact price you set.
- OCO (One-cancels-the-other) order - combines Limit and Stop orders that you can set at a moment. When one of them executes, the other - gets cancelled.
If you make the first steps into margin trading, CEX.IO Broker offers you to try out a demo account before moving to the live account. This way, you can get familiar with the platform’s tools and features, order types, etc.
Experienced traders can use the demo account to practice those new strategies before deploying them on the live accounts.
At CEX.IO Broker there is a huge variety of tools allowing to make technical analysis. Applying them, you can make predictions concerning market fluctuations and invent your own trading strategy.
How to trade more successfully at CEX.IO Broker?
CEX.IO Broker offers you the instruments controlling the risk. Stop Loss gives you the possibility to minimize the loss, while Take Profit fixes the profit of your position.
Protection orders also help in adhering to the trading strategy and automatically fix the trading results when the price reaches a certain level. You can add, change and cancel Stop Loss and Take Profit at any time.
Risk-management tools come in handy especially during periods of high volatility.
Why trade the AMZN/USD pair?
Amazon is a huge USA technology company that specializes in e-commerce, the largest marketplace, offering goods of any kind. Being included in Big Five companies among well-known Microsoft, Google, Apple, and Facebook, Amazon is considered to be one of the most influential economic and cultural forces and the most valuable brand in the world.
The company’s income increases every day, that’s why stocks of Amazon are in high demand nowadays, which also drives their price growth. At CEX.IO Broker you are able to trade CFDs on AMZN stocks and use their growth potential to your benefit.
CEX.IO Broker: caring customer support 24/7
When you are trading, the situation changes each second, so it is important to have technical support that can help as quickly as possible. At CEX.IO Broker, we offer 24/7 customer support which you can access by simply clicking on the chat button in the bottom right corner of the website.
Whenever you have some technical issues or any other question, contact our professional Support Team to get the information without interrupting your trading experience.