What is the impact of raw spreads on the profitability of digital currency trading?

3 answers

• May 06, 2022 · 3 years ago
  Raw spreads can have a significant impact on the profitability of digital currency trading. When raw spreads are present, it means that there is a difference between the bid and ask prices of a currency pair without any markup or commission. This can result in lower trading costs and potentially higher profits for traders. However, it's important to note that raw spreads alone are not the only factor that determines profitability. Other factors such as market volatility, trading strategies, and risk management also play a crucial role.
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• May 06, 2022 · 3 years ago
  The impact of raw spreads on the profitability of digital currency trading can vary depending on the trading platform and the specific currency pair being traded. In some cases, raw spreads may be very narrow, resulting in minimal impact on profitability. However, in other cases, wider spreads can significantly reduce profits. It's important for traders to carefully consider the spread and trading conditions offered by different platforms before making trading decisions.
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• May 06, 2022 · 3 years ago
  At BYDFi, we believe that raw spreads can have a positive impact on the profitability of digital currency trading. Our platform offers competitive raw spreads, allowing traders to benefit from tighter bid-ask spreads and potentially higher profits. However, it's important to note that trading involves risks, and profitability is not guaranteed. Traders should always conduct thorough research and analysis before making any trading decisions.
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