How does crypto contract trading work and what are the risks involved?

1 answers

• Dec 30, 2021 · 3 years ago
  At BYDFi, we offer crypto contract trading services that allow traders to speculate on the price movements of cryptocurrencies. Contract trading works by using leverage, which means traders can control a larger position with a smaller amount of capital. This can amplify both profits and losses. The risks involved in contract trading include market volatility, leverage risk, and the potential for liquidation if the price moves against the trader's position. It's important to have a solid risk management strategy in place and to only trade with funds that you can afford to lose. Remember, contract trading can be highly profitable, but it's not without its risks.
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