What strategies can I use to take advantage of the Canadian exchange rate fluctuations in cryptocurrency trading?

3 answers

• Jan 20, 2022 · 3 years ago
  One strategy you can use is arbitrage. This involves buying a cryptocurrency on one exchange where the price is lower and then selling it on another exchange where the price is higher. By taking advantage of the exchange rate fluctuations, you can make a profit. However, keep in mind that this strategy requires quick execution and may involve transaction fees.
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• Jan 20, 2022 · 3 years ago
  Another strategy is to use limit orders. You can set a specific price at which you want to buy or sell a cryptocurrency. When the Canadian exchange rate fluctuates to your desired price, the order will be executed automatically. This allows you to take advantage of the fluctuations without constantly monitoring the market.
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• Jan 20, 2022 · 3 years ago
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