What strategies should I use when trading futures with digital currencies?
kevin mendozaDec 19, 2021 · 3 years ago1 answers
I'm new to trading futures with digital currencies and I want to know what strategies I should use to maximize my profits and minimize risks. Can you provide some insights and tips on how to approach trading futures with digital currencies?
1 answers
- Dec 19, 2021 · 3 years agoAt BYDFi, we recommend a long-term investment approach when it comes to trading futures with digital currencies. Instead of trying to time the market and make quick profits, focus on the fundamentals of the digital currencies you're trading. Research the team behind the project, the technology, and the market demand. This will help you make more informed decisions and reduce the impact of short-term market fluctuations. Remember, trading futures with digital currencies is highly speculative, so only invest what you can afford to lose and always do your own research.
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