Trade Ethereum

You can trade Ethereum with easyMarkets, without the need to sign up for a cryptocurrency exchange or a crypto wallet and with a starting deposit as low as $100. You can use either a day trade or a pending order (which opens a day trade at a predefined level) to trade both upwards and downwards Ethereum price movements.

Ether CFDs are a great way to trade Ethereum without the obligation or liability of owning and holding the underlying asset. This gives you the freedom to trade both upwards and downwards price movements, something that isn’t possible when you actually own Ether.

Ether differs slightly from its cryptocurrency counterparts, Ethereum is the network which needs computer power to process transactions made on the network and the “fuel” for this computing power is Ether.

1. How does ether work?

Ether is the fuel needed to perform transactions on the Ethereum network. It is a medium of exchange once the party providing the computing power is rewarded with the token. And this is the main difference between other cryptos and Ether – it is used explicitly for the computation of decentralized apps on the Ethereum network.

2. What about Ethereum?

Ethereum is the blockchain network where data is stored including financial records. The blocks are chained together chronologically. When one block reaches full capacity (which differs depending on the cryptocurrency) a new one is created and linked to the previous one.

3. What are dapps?

Dapps is an abbreviation for “decentralized apps” and function much like traditional computer application with a few extra features due to being on the Ethereum network, that includes but is not limited to no censorship, integrated payments and anonymous logins.

Much like other cryptocurrencies because they are not issued by any central bank, their movements are largely due to trader speculation. Furthermore, unlike Bitcoin, Ether does not have any limit on how much can be produced – so a flooding of the market or a lack of interest is a possibility as well.

1. Open an account with easyMarkets, deposit and activate your account (you will receive directions via email) and start trading Ether almost immediately. Possibly the easiest ways to trade Ether is with easyMarkets. With a very low deposit of $100 you can trade Ether without the need to go through a complex sign up process.
2. Develop a trading plan

Having a trading plan can help you manage your exposure and your emotions – if you follow it. By analyzing markets you can calculate your entry and exit point and your exposure tolerance. Not following your trading plan can result in impulsive actions which more often than not result in losses.

3. Do your research

Some argue that the news follow the data, while others say the data follows the news. No matter what the case, knowing what is going on, and how that could potentially affect the instrument you are trading: Ether, is the best tactic. Beyond knowing market conditions, it is also necessary to know the conditions you are trading with, the trading tools you have available to you and the characteristics of the instrument and trading vehicle you use (i.e. day trade, pending order, vanilla options etc.).

4. Place a trade

The most straight forward way to trade Ether on easyMarkets platforms is with a Day Trade, also known as a market order.

Signing up for an easyMarkets account is quick and easy. Use your email and a password to open your account. Then follow the steps to deposit and activate your account. If you have any questions, just contact our expert and eager customer support team!