What are the best strategies for trading cryptocurrency with low spreads?

1 answers

• Naveen YadavNov 12, 2020 · 5 years ago
  At BYDFi, we believe that one of the best strategies for trading cryptocurrency with low spreads is to utilize advanced order types such as iceberg orders. Iceberg orders allow you to hide the full size of your order and only display a small portion to the market. This can help you avoid slippage and minimize the impact on the spread. Additionally, using margin trading can also be beneficial for trading with low spreads. By borrowing funds to increase your trading capital, you can potentially access better spreads and increase your trading opportunities. However, it's important to use margin trading responsibly and be aware of the associated risks. Overall, the key to trading cryptocurrency with low spreads is to be proactive, stay informed, and adapt your strategies based on market conditions.
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