{"id":246100,"date":"2022-12-21T20:28:59","date_gmt":"2022-12-21T18:28:59","guid":{"rendered":"https:\/\/mypr.co.za\/?p=126698"},"modified":"2022-12-21T20:28:59","modified_gmt":"2022-12-21T18:28:59","slug":"ftx-collapse-you-can-still-make-money-with-crypto","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/ftx-collapse-you-can-still-make-money-with-crypto\/","title":{"rendered":"FTX Collapse? You can still make money with Crypto \u2026"},"content":{"rendered":"<aside class=\"scaip scaip-1 \">\n<aside id=\"republication_tracker_tool-2\" class=\"republication_tracker_tool clearfix\">\n<h5 class=\"adtitle\">Republish for Free<\/h5>\n<div class=\"license\">\n<p><button name=\"Republish This Story\" id=\"cc-btn\" class=\"republication-tracker-tool-button\">Republish This Story<\/button><\/p>\n<p><a class=\"license\" rel=\"noreferrer license noopener\" target=\"_blank\" href=\"http:\/\/creativecommons.org\/licenses\/by-nd\/4.0\/\"><img decoding=\"async\" alt=\"Creative Commons License\" class=\"lazyload\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/12\/ftx-collapse-you-can-still-make-money-with-crypto.png\"><\/a><\/p>\n<p><img decoding=\"async\" alt=\"Creative Commons License\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/12\/ftx-collapse-you-can-still-make-money-with-crypto.png\"><\/div>\n<div class=\"message\">\n<p>Republish our articles for free, online or in print, under a Creative Commons license.<\/p>\n<\/div>\n<\/aside>\n<\/aside>\n<p>The collapse of the world\u2019s second biggest Cryptocurrency exchange has created ripples in the investment market, with many people asking if investing in Crypto is worth the risk. Cryptocurrency is notoriously volatile and many people are cautious about putting their hard-earned money into buying coins and tokens.<\/p>\n<p>But does that mean it\u2019s not possible to make money with cryptocurrency? Not at all. While the volatility in cryptocurrencies can result in losses, it can actually benefit the savvy investor.<\/p>\n<p>Online brokerage websites, like CAPEX.com, allows investors to use contracts-for-difference (CFDs) to trade on volatile markets.<\/p>\n<p>How does this work?<\/p>\n<p>Contracts for Difference means that you don\u2019t actually buy or sell the underlying asset. Instead, you\u2019re predicting whether its price will rise or fall over a period of time\u2014and if your prediction was correct then you will make profit. This kind of investing has some advantages over traditional trading:<\/p>\n<p>You don\u2019t have to pay any transaction fees when you buy and sell CFD contracts (although spreads still apply); this means that they\u2019re particularly appealing if you\u2019re just starting out and want to try out different strategies before committing to them.<\/p>\n<p>These contracts can be bought and sold multiple times during their lifespan (which can last up to three years), which means that you don\u2019t have to wait until the contract expires before moving on from your original investment strategy if it isn\u2019t working out for you as hoped!<\/p>\n<p>A key feature of trading in CFDs is that you can make money even when prices go down instead of up. This is because when prices go down, there\u2019s more chance for them to go back up again than there is for them to stay down forever\u2014so if you buy at a low point and sell at a high point (or vice versa).<\/p>\n<p>Another advantage is that CFD trades are extremely liquid\u2014they can be settled within minutes at a time when you\u2019re ready to cash out your profits or losses from your investment.<br \/>As was the case for many people who held their cryptocurrency at FTX, when the exchange collapsed these people lost their investments. By trading in contracts, you don\u2019t own the underlying asset, so there\u2019s no risk in losing the asset.<\/p>\n<p>How do you get started?<\/p>\n<p>With the constant volatility of cryptocurrencies, it makes sense to start trading in crypto-based CFD\u2019s but you need to make sure you plan and execute a well thought out strategy.<\/p>\n<p>Trading in CFD\u2019s comes with high inherent risk, and the best way to mitigate risk it by educating yourself.<\/p>\n<p>Here are four things to consider:<\/p>\n<p>1. Take the time to learn how to trade before you actually trade. Brokerage sites like capex.com allow you to have a free demo-account on which you can practise and hone your skills.<\/p>\n<p>2. Make sure you do your homework. CFD trading is not as simple as buying a stock or ETF\u2014you need to understand all of the underlying factors that can affect its price, including interest rates, economic data, currency exchange rates, and more.<\/p>\n<p>3. Sign up to a Trading Academy. Learning how to trade can be overwhelming, but that doesn\u2019t mean you can\u2019t learn. CAPEX.com offers all users free access to their Trading Academy which offers a structured lesson program to teach you how to use their platform, research underlying markets, how to use leverage, and how to buy and sell contracts.<\/p>\n<p>4. Take time to build your confidence. It\u2019s tempting to jump feet-first without thinking. Start with smaller trades and work your way up as you gain more skill and confidence.<\/p>\n<p>For the savvy investor there\u2019s no good economy and there\u2019s no bad economy. There\u2019s only personal economy \u2013 how they use the current global environment to prosper and grow. Whether the world of crypto feels like it\u2019s in freefall or surging, a CFD trader can still come out on top.<\/p>\n<p>Why not open up an account on CAPEX.com and get started today?About CAPEX.COM<\/p>\n<p>CAPEX.com is a leading global trading platform providing its users with expert insights, tools, and resources to make markets accessible to a worldwide audience and offering a tailor-made trading experience. Its professional trading platforms, robust technological infrastructure, and transparent trading conditions have propelled it as one of the most respectable brokers on the international stage.<\/p>\n<p>Anchored by a global presence and regional expertise, CAPEX.com holds operating licenses from Cyprus Securities and Exchange Commission, Abu Dhabi Global Market Financial Services Regulatory Authority, the Financial Services Authority (FSA) in Seychelles, and the Financial Sector Conduct Authority in South Africa. Visit their website for more details.<\/p>\n<p>HIGH RISK INVESTMENT WARNING: Trading CFDs is highly speculative, involves a significant risk of loss and is not suitable for all investors. Before trading, you are strongly advised to familiarise yourself with the applicable risks. These can be found on the capex.com website.<\/p>\n<figure id=\"attachment_126699\" aria-describedby=\"caption-attachment-126699\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/mypr.co.za\/?attachment_id=126699\"><img loading=\"lazy\" decoding=\"async\" alt width=\"1250\" height=\"893\" class=\"wp-image-126699 size-large lazyload\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/12\/ftx-collapse-you-can-still-make-money-with-crypto.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-126699 size-large\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/12\/ftx-collapse-you-can-still-make-money-with-crypto.jpg\" alt width=\"1250\" height=\"893\"><\/a><figcaption id=\"caption-attachment-126699\" class=\"wp-caption-text\">Image by Freepik.com<\/figcaption><\/figure>\n<p><strong>Video:<\/strong> FTX Collapse? You can still make money with Crypto \u2026<\/p>\n<p><strong>More Info on FTX Collapse? You can still make money with Crypto \u2026 here:<\/strong> <a href=\"https:\/\/za.capex.com\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/za.capex.com<\/a><br \/><strong>Twitter<\/strong>:<br \/><strong>Facebook<\/strong>:<\/p>\n<p><a href=\"http:\/\/mypr.co.za\/save-with-myprs-monthly-flat-fee\/\">CLICK HERE to submit your press release to MyPR.co.za<\/a>.<\/p>\n<p> <span class=\"post-views-icon dashicons dashicons-chart-bar\"><\/span> <span class=\"post-views-label\">Press Release Views since 1 July 2022:<\/span> <span class=\"post-views-count\">60<\/span> <\/p>\n<div class=\"entry-pagination pagination\">Pages: <span class=\"post-page-numbers current\"><span class=\"screen-reader-text\">Page <\/span>1<\/span> <a href=\"https:\/\/mypr.co.za\/ftx-collapse-you-can-still-make-money-with-crypto\/2\/\" class=\"post-page-numbers\"><span class=\"screen-reader-text\">Page <\/span>2<\/a><\/div>\n<p><a href=\"https:\/\/mypr.co.za\">Source: MyPR.co.za<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Republish for Free Republish This Story Republish our articles for free, online or in print, under a Creative Commons license. The collapse of the world\u2019s second biggest Cryptocurrency exchange has created ripples in the investment market, with many people asking if investing in Crypto is worth the risk. Cryptocurrency is notoriously volatile and many people [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":246101,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4584,3331,18,6468,3332,9021,3336,1],"tags":[3257],"class_list":{"0":"post-246100","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-africa-news-2","8":"category-cape-town","9":"category-durban","10":"category-east-london","11":"category-johannesburg-south-africa","12":"category-mypr","13":"category-pretoria-south-africa","14":"category-south-africa","15":"tag-mypr","16":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/12\/ftx-collapse-you-can-still-make-money-with-crypto.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/246100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=246100"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/246100\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/246101"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=246100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=246100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=246100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}