How do forex trading spreads affect the profitability of cryptocurrency trading?

1 answers

• Dec 30, 2021 · 3 years ago
  As an expert in the field, I can confirm that forex trading spreads do indeed impact the profitability of cryptocurrency trading. The wider the spreads, the more difficult it becomes for traders to make a profit. This is because wider spreads require larger price movements to overcome before any gains can be realized. On the other hand, narrower spreads make it easier for traders to achieve profitability as they require smaller price movements. Therefore, it's crucial for cryptocurrency traders to carefully consider the spreads offered by different exchanges and platforms to optimize their profitability.
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