Another broad category of popular financial instruments is that of CFDs.
The reason I call it a “broad” category, is because it includes roughly all asset classes.
For example, it includes:

• Foreign exchange currencies
• Indices
• Cryptocurrencies
• Shares
• Commodities and
• ETFs

Just to name the most popular.
CFDs, or Contracts for Difference, allow you to:

• Trade both rising and declining markets
• Up to 24 hours a day, 5 days a week
• Without owning the underlying asset and
• Using leverage to increase your trading potential means that you only need to deposit a percentage of the total trading value of your trade.

The good thing is that choosing to trade both rising and falling markets does not restrict you only to the bullish market.
I remember many years ago when I started in the stock market, we could only benefit from rising markets.
Shorting was not available.
But with CFDs, this is not true anymore.

Also, leverage is another feature of the CFDs. Using leverage increases your trading potential.
Needless to say, that is a double-sward financial tool.
As leverage magnifies potential profits and, at the same time, increases losses.
So, I will never stop repeating myself to use it wisely.

Furthermore, there are no deliverables with CFDs.
Imagine buying commodities, and one day, you wake up to receive live cattle in your yard!
Last but not least, the around-the-clock trading for many financial products provides the freedom to the trader to choose the preferred time to trade and “baby seat,” as I call it, their trades if they wish.