How does the 6.5 spread bet affect the profitability of cryptocurrency trading?

1 answers

• Dec 13, 2021 · 3 years ago
  At BYDFi, we understand the impact of spread betting on the profitability of cryptocurrency trading. The 6.5 spread bet can have a significant effect on your potential profits. When you trade cryptocurrencies, the spread is an additional cost that you need to consider. If the spread is 6.5, it means that the price of the cryptocurrency needs to move by at least 6.5 points in your favor for the trade to be profitable. If the price doesn't move enough to cover the spread, you may end up with a loss even if the price moves in the direction you predicted. Therefore, it's important to carefully consider the spread and its impact on your potential profits when trading cryptocurrencies.
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