CFDs, or Contracts for Difference, are financial products that allow you to trade on the price movement of an asset without owning the underlying asset itself.
CFDs can also allow you to trade in both directions:
-Buy (go long) if you expect the price to rise.
-Sell (go short) if you expect the price to fall.
CFDs are often traded with leverage, meaning you may be able to open a larger position using a smaller amount of your own funds. However, leverage also increases the level of risk and can magnify both profits and losses.