2025-01-29 20:30
IndustriyaAnalysis on crypto future trading
#firstdealofthenewyearFateema
Let's say Bitcoin is currently trading at $30,000. You believe the price will rise in the next month. You could:
* Buy a Bitcoin futures contract with a leverage of 10x. This means you only need to put up 10% of the contract value ($3,000) to control a position worth $30,000.
* If Bitcoin rises to $32,000 in a month, you'd profit $2,000 (minus any fees or interest).
* However, if Bitcoin falls to $28,000, you'd lose $2,000.
Exchanges
* Many cryptocurrency exchanges offer futures trading, including Binance, FTX, and Kraken.
* Some traditional financial exchanges like the Chicago Mercantile Exchange (CME) also offer Bitcoin futures contracts.
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Analysis on crypto future trading
Nigeria | 2025-01-29 20:30#firstdealofthenewyearFateema
Let's say Bitcoin is currently trading at $30,000. You believe the price will rise in the next month. You could:
* Buy a Bitcoin futures contract with a leverage of 10x. This means you only need to put up 10% of the contract value ($3,000) to control a position worth $30,000.
* If Bitcoin rises to $32,000 in a month, you'd profit $2,000 (minus any fees or interest).
* However, if Bitcoin falls to $28,000, you'd lose $2,000.
Exchanges
* Many cryptocurrency exchanges offer futures trading, including Binance, FTX, and Kraken.
* Some traditional financial exchanges like the Chicago Mercantile Exchange (CME) also offer Bitcoin futures contracts.
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