How does spread betting in the digital currency industry work?

1 answers

• Rodgers McmahonMar 04, 2021 · 4 years ago
  Spread betting in the digital currency industry is a popular way for traders to speculate on the price movements of cryptocurrencies. It offers the opportunity to profit from both rising and falling markets, without the need to own the actual assets. Traders can choose to go long if they believe the price will rise or go short if they believe the price will fall. The spread represents the difference between the buy and sell prices offered by the spread betting provider. It's important to understand the risks involved and to have a solid understanding of the market before engaging in spread betting. Consider using stop-loss orders and setting clear profit targets to manage risk effectively.
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