How can I use the strangle strategy to profit from digital currencies?

1 answers

• maddisonDec 20, 2020 · 5 years ago
  At BYDFi, we believe that the strangle strategy can be an effective approach to profit from digital currencies. However, it's important to note that this strategy requires a deep understanding of options trading and the ability to analyze market trends. We recommend conducting thorough research and seeking professional advice before implementing this strategy. Additionally, it's crucial to carefully manage your risk and set realistic expectations. While the strangle strategy has the potential for high returns, it also carries inherent risks. As with any investment strategy, it's important to diversify your portfolio and not solely rely on a single approach. If you're new to options trading or unsure about implementing the strangle strategy, we suggest starting with a small investment and gradually increasing your position as you gain experience and confidence in your trading abilities.
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