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| Algorand price | 1.066 GBP |
|---|---|
| Change (24h) | -3.46 % |
| Martet cap | 3 bil. GBP |
|---|---|
| Low and High | 1.03 GBP až 1.102 GBP |
| Volume | 340 mil. GBP |
|---|---|
| 7 days change | NaN % |
| Broker | Market value (volume) |
|---|
| Datum | Open price | Low and High | Volume |
|---|
| Message title | Server | Date |
|---|
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67% of retail CFD accounts lose money.
Display the future prognosis of the development of the direction of the price of the cryptocurrency Algorand based on 24 indicators of technical chart analysis. The numbers in the widget represent how many of the indicators recommend buying ALGO » (BUY) = blue numbers. How many recommend selling (SELL) = red numbers or these indicators might be forecasting a neutral direction of price development (“to the side”) (NEUTRAL) = gray numbers.
There are 3 options for buying the cryptocurrency Algorand: you can either buy it directly at an exchange – you will find a list of those in the top part of the page under the link “Where can I buy Algorand”, or you can mine for ALGO; however, these days mining options are limited for individuals and last but not least there are various faucets, but those include various scams, which is why you should be careful.
Algorand can thus be bought (or exchanged) for traditional currencies (mainly US Dollar and Euro) or also directly for Algorand. Well-known exchanges include mainly Bitfinex or Binance. You can find other exchanges where you can buy Algorand in the top part of the page “Where can I buy Algorand”.
CFD or Contract for Differences allows you to trade in the change of the prices of a financial tool – in real market conditions – without having to own it. CFD’s are offered for assets such as Forex, shares, commodities, indexes, cryptocurrencies and more. CFD’s use financial levers, which means you can use a relatively small amount of capital, known as margin, to gain higher exposure. For instance, the lever ratio 1:2 means that you can open a trade at a value of twice your capital.
How does a financial lever work?
Let’s say that Algorand price is growing by 5 % or decreasing. If you think the price will increase, you can open a buy trade. Or you can open a sell trade if you believe that the price will drop. You profit or loss is determined by the ratio between the opening and the closing price of the trade multiplied by the number of contracts. That means that if the financial lever is 1:2, your trade will not gain 5 %, but 10 %.
What are the main characteristics of CFD trading?
To multiply the size of your position, you can use a financial lever. Opening sell positions is as simple as opening buy positions, which means you can also speculate on a drop in ALGO price. Only a rather small amount of money is required to start trading.
Start trading with eToro
67% of retail CFD accounts lose money.
A calculator for the conversion of the Algorand exchange rate into the national currencies of individual countries. You can use it to convert Algorand exchange rate into more than 5 currencies, including US Dollars. The calculator can be used for the reverse operation as well, that is for the conversion from national currencies to cryptocurrencies, for instance ALGO to USD or EUR to BTC. The exchange rates of the cryptocurrencies are up to date – they are updated every minute.