common-close-0
BYDFi
Trade wherever you are!

How can I calculate the rate of return on short selling digital currencies?

avatarKabiru SalisuDec 27, 2021 · 3 years ago1 answers

I'm interested in short selling digital currencies, but I'm not sure how to calculate the rate of return. Can you explain the process to me?

How can I calculate the rate of return on short selling digital currencies?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we understand the importance of calculating the rate of return on short selling digital currencies. It allows traders to assess the profitability of their short positions and make informed decisions. To calculate the rate of return, you need to determine the initial and final values of the digital currency, taking into account any associated costs. Our platform provides real-time market data and advanced trading tools to help you analyze the market and calculate your rate of return accurately. We also offer educational resources and support to assist you in developing effective short selling strategies. Remember to always conduct thorough research and consult with financial professionals before making any investment decisions.