What is contract for difference (CFD) trading? Is it safe?

*Contract for difference (CFD) trading is a way to speculate on financial markets without any need to purchase or sell underlying assets such as shares, forex, indices, and commodities.

*Under a CFD contract, a buyer must pay the seller the difference between the current value of an asset and its value at contract time.

*The main reason why CFD trades are carried out is that it provides an opportunity to profit from price movements without owning the underlying assets.

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