Are there any strategies to minimize overnight charges when trading forex in the cryptocurrency space?

3 answers

• Dec 16, 2021 · 3 years ago
  One strategy to minimize overnight charges when trading forex in the cryptocurrency space is to carefully consider the timing of your trades. By closing your positions before the end of the trading day, you can avoid incurring overnight charges. This requires monitoring the market closely and being proactive in managing your trades.
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• Dec 16, 2021 · 3 years ago
  Another strategy is to use limit orders instead of market orders when opening positions. By setting a specific price at which you are willing to buy or sell, you can avoid potential slippage and reduce the chances of holding positions overnight. This can help minimize the associated charges.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we offer a unique feature called the 'Overnight Fee Reduction Program' that allows traders to reduce overnight charges. Through this program, traders can earn loyalty points for each trade they make, which can then be used to offset or reduce overnight charges. It's a great way to save on trading costs in the cryptocurrency space.
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