How can I calculate my profits from shorting cryptocurrencies?

1 answers

• Dec 16, 2021 · 3 years ago
  Calculating profits from shorting cryptocurrencies can be done using the following formula: (Entry Price - Exit Price) * Quantity - Fees. However, it's important to note that shorting cryptocurrencies can be a high-risk strategy and should only be attempted by experienced traders. If you're new to shorting, I would recommend starting with a small position and gradually increasing your exposure as you gain more experience and confidence in your trading abilities. Additionally, it's always a good idea to consult with a financial advisor or seek guidance from experienced traders before engaging in any shorting activities.
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