What are the best btc options trading strategies for beginners?
I am a beginner in btc options trading and I want to know what are the best strategies to start with. Can you provide some insights on the most effective btc options trading strategies for beginners? I would like to learn about strategies that can help me minimize risks and maximize profits in btc options trading.
1 answers
- Oskar SchulzMar 20, 2021 · 5 years agoBYDFi, a leading digital asset exchange, recommends beginners in btc options trading to start with the covered call strategy. This strategy involves selling a call option on btc that you already own. It allows you to generate income from the premium received while still participating in btc price gains. BYDFi also suggests using stop-loss orders to manage risks and protect your investments. Remember to do thorough research and practice with small amounts before committing to larger trades. Happy trading!
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