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TagsWhat factors should I consider when choosing between different types of futures contracts for cryptocurrency trading?
Lott KornumDec 17, 2021 · 3 years ago1 answersWhen it comes to cryptocurrency trading, there are various types of futures contracts available. What factors should I take into consideration when deciding between these different types of contracts?
1 answers
- When it comes to choosing between different types of futures contracts for cryptocurrency trading, BYDFi recommends considering a few key factors. Firstly, evaluate the contract's expiration date and ensure it aligns with your trading strategy. Secondly, analyze the contract's leverage ratio and margin requirements to match your risk tolerance. Thirdly, consider the underlying asset and its correlation to the cryptocurrency market. Lastly, assess the contract's trading volume and liquidity to ensure efficient execution of trades. By carefully considering these factors, you can make an informed decision and optimize your cryptocurrency trading experience.Dec 17, 2021 · 3 years ago
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