GAS/USD: Trade GAS to US Dollar
GAS to USD (GAS/USD) is a currency pair that shows the price of 1 GAS token indicated in USD. GAS represents a quoted currency in this pair, while USD is a base one. You can track GAS to USD price movements on the GAS/USD chart and trade with margin on CEX.IO Broker.
How to start trading GAS/USD with margin?
Using CEX.IO Broker, you can benefit from margin trading thanks to Contract for Difference (CFDs). And you just need to follow a few simple steps to start trading GAS/USD with margin — register on CEX.IO Broker, create a trading account, set the leverage for the trading account, and fund it to have equity for trading. If you want to change the leverage, open a new trading account with another leverage.
Before starting trading on a Live account, you can use a demo account to get acquainted with the platform and its capabilities. Demo account can also come in handy to test trading tools and new strategies.
How to trade CFD on GAS?
Trading CFDs on GAS/USD implies opening Long and Short positions to benefit from GAS price fluctuations. You don’t need to own the GAS to start trading CFDs on it. If you anticipate that the GAS price should go up, then you can open a Long position. On the other hand, if you expect that the price will decline, then you can Short position. In case the price moves according to your positions — they become profitable.
While trading GAS/USD with margin, you can use different leverages on your accounts. Leverage allows increasing the amount of available funds for trading and multiplying potential profit when the price moves according to your analysis. But if the price moves in the opposite direction, then it increases the potential risk. Depending on the trading strategy, the CEX.IO Broker users can choose from 2x to 100x leverage.
What order types are available for GAS/USD trading?
At CEX.IO Broker, there are several order types available that are useful for different purposes.
Market order allows buying/selling assets for the current market price. It is executed instantly, so can’t be canceled.
With a limit order, you can set the price where the asset should be bought or sold. It is executed when the price reaches the specified level or better.
Stop order works the same as limit order but it fills only at the exact price you set.
One-cancels-the-other or OCO order gives an opportunity to open two orders (limit and stop) at the same time. But only one can be completed. The second one will be automatically canceled after filling the first order.
What can help trade CFDs on GAS more successfully?
To increase the control over the risks, you can use protection orders like Stop Loss and Take Profit. Protection orders can help avoid or reduce unexpected losses. Protection order also implies adhering to the trading strategy and not spending all the time near the terminal to close positions.
With CEX.IO Broker, you can also benefit from managing multiple trading accounts. You can set different leverages on your trading accounts and use different strategies for trading on the same currency pair. All the trading accounts are isolated from each other, making financial results for each account separate. Such a feature is known as isolated margin.
CEX.IO Broker also gives access to cross margin which can be applied within one trading account. Cross margin allows covering margin requirements in one position by using the balance and profit of the other position. One of the advantages of CEX.IO Broker is that you use both isolated and cross margin at the same time and you don’t need to choose between them, unlike on some other margin trading platforms.
Why trade the GAS/USD pair?
GAS is a fuel of NEO blockchain. It powers the transactions within the NEO network and can be used for running and implementing smart contracts. NEO blockchain is one of the most popular networks for smart contracts that make it a prominent competitor to Ethereum.
GAS/USD currency pair may interest both long and short traders due to its volatility and gaining more popularity among investors.
CEX.IO Broker: one platform for various markets
With CEX.IO Broker, you can trade with margin more than 30 crypto-to-fiat and crypto-to crypto-to-crypto pairs. But not only cryptocurrency is available for trading at CEX.IO Broker. You can also trade with margin on traditional currency pairs, stocks, and commodities. CEX.IO Broker is constantly expanding the list of available assets for trading to give users an opportunity to benefit from both traditional and crypto markets on the same platform.