How does a -2 spread affect the profitability of cryptocurrency trades?

1 answers

• playergamesproMay 07, 2023 · 3 years ago
  When it comes to cryptocurrency trades, a -2 spread can certainly impact profitability. With a -2 spread, the price of the cryptocurrency needs to increase by at least 2 units in order to cover the spread and start generating a profit. This means that you would need a larger price movement in your favor compared to trades with a smaller spread. It can make it more challenging to achieve profitability, especially for trades with smaller price movements. However, it's important to remember that profitability in cryptocurrency trading is not solely determined by the spread. Other factors such as market conditions, trading strategy, and risk management also play a significant role. It's essential to consider the spread in conjunction with these other factors to assess the overall profitability of your trades.
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