How does the concept of long vs short apply to cryptocurrency futures trading?

3 answers

• Dec 29, 2021 · 3 years ago
  In cryptocurrency futures trading, the concept of long vs short refers to the direction of your trade. Going long means you are buying a futures contract with the expectation that the price of the cryptocurrency will increase. On the other hand, going short means you are selling a futures contract with the expectation that the price of the cryptocurrency will decrease. Both strategies can be profitable depending on the market conditions and your trading skills. It's important to note that futures trading involves leverage, so the potential gains or losses can be magnified.
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• Dec 29, 2021 · 3 years ago
  When you go long in cryptocurrency futures trading, you are essentially betting on the price of the cryptocurrency to go up. This means you are buying a futures contract at a certain price and hoping to sell it at a higher price in the future. On the other hand, going short means you are betting on the price to go down. You sell a futures contract at a certain price and aim to buy it back at a lower price later. Both long and short positions have their own risks and rewards, and it's important to have a solid understanding of the market before making any trades.
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• Dec 29, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a range of futures trading options for traders to go long or short on various cryptocurrencies. Going long allows traders to profit from an increase in the price of the cryptocurrency, while going short allows them to profit from a decrease in price. BYDFi provides a user-friendly interface and advanced trading tools to help traders execute their long or short strategies effectively. It's important to carefully analyze the market and consider factors such as market trends, news events, and technical indicators when deciding whether to go long or short in cryptocurrency futures trading.
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