How does 'no touch' relate to the world of digital currencies?

3 answers

• Nov 27, 2021 · 3 years ago
  In the world of digital currencies, 'no touch' refers to a type of trading option where the investor predicts that the price of a specific cryptocurrency will not reach a certain level within a given time frame. If the price does not touch the predetermined level, the investor earns a profit. This concept is commonly used in binary options trading and provides an alternative way for investors to profit from cryptocurrency price movements without actually owning the underlying asset. It adds flexibility to trading strategies and allows investors to take advantage of market conditions without the need for constant monitoring.
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• Nov 27, 2021 · 3 years ago
  When it comes to digital currencies, 'no touch' is a trading strategy that allows investors to speculate on the price movement of cryptocurrencies without actually buying or selling them. It involves setting a price level that the cryptocurrency is not expected to reach within a specified time period. If the price does not touch that level, the investor can earn a profit. This strategy can be useful for those who want to take advantage of price volatility in the cryptocurrency market without the need for direct ownership. However, it's important to note that trading options like 'no touch' carry their own risks and should be approached with caution.
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• Nov 27, 2021 · 3 years ago
  In the world of digital currencies, 'no touch' is a trading option that allows investors to profit from the price movement of cryptocurrencies without actually owning them. It works by setting a price level that the cryptocurrency is not expected to touch within a specified time frame. If the price does not touch that level, the investor earns a profit. This type of trading option can be used to hedge against potential losses or to take advantage of specific market conditions. However, it's important to carefully consider the risks involved and to have a solid understanding of the cryptocurrency market before engaging in 'no touch' trading.
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