Cryptocurrency Q&A
Why futures is better than forex?
Why futures is better than forex?
Alessandro
Fri May 17 2024
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6 answers
832
Could you please elaborate on why futures trading is considered superior to forex trading? I'm interested in understanding the specific advantages futures offer over the forex market. Are there particular risk management techniques or market opportunities unique to futures trading? Additionally, how does the leverage offered in futures compare to that in forex? Finally, could you discuss any regulatory differences between the two markets and how they might affect traders? I'm keen to gain a deeper understanding of these aspects and how they might influence my trading decisions.
6 answers
ethan_lewis_journalist
Sun May 19 2024
Futures trading is therefore more appealing to position traders, who are comfortable holding their positions for extended periods. This trading style allows them to capitalize on longer-term market trends without worrying about accumulating overnight costs.
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GinsengBoost
Sun May 19 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services tailored to the needs of various traders. Among these services, spot and futures trading stand out as two key offerings.
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KpopHarmonySoul
Sun May 19 2024
Spot trading in the cryptocurrency market is renowned for its tight spreads, ensuring traders benefit from minimal price differences between buying and selling. This feature is particularly advantageous for day traders, who seek to capitalize on short-term market movements.
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NebulaSoul
Sun May 19 2024
With its spot trading platform, BTCC enables traders to benefit from tight spreads and capitalize on short-term market movements. At the same time, its futures trading platform offers traders the flexibility to hold positions for longer durations without worrying about overnight funding fees.
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ShintoBlessing
Sun May 19 2024
However, spot trading also incurs overnight funding fees, which can accumulate over time and impact traders' profitability. These fees are typically charged to maintain positions held overnight, making spot trading less suitable for longer-term strategies.
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