How does Jason Falovitch recommend managing risk when trading cryptocurrencies?

1 answers

• Jan 14, 2022 · 3 years ago
  As an expert at BYDFi, Jason Falovitch recommends using risk management tools and features offered by the platform. These may include features like stop-loss orders, which allow you to automatically sell a cryptocurrency if its price reaches a certain level. This can help protect your investment and limit potential losses. Additionally, Falovitch suggests using BYDFi's risk assessment tools to evaluate the risk profile of different cryptocurrencies. These tools can provide valuable insights into the volatility and potential risks associated with specific coins. By utilizing these tools and features, you can better manage your risk and make more informed trading decisions on the BYDFi platform.
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