What is the typical length of time to hold a futures contract in the realm of digital assets?
Sahil SinghMay 01, 2022 · 3 years ago1 answers
In the world of digital assets, how long is it usually recommended to hold a futures contract?
1 answers
- May 01, 2022 · 3 years agoAt BYDFi, we believe that the typical length of time to hold a futures contract in the realm of digital assets should be determined based on the individual's trading goals and risk appetite. Some traders may prefer to hold contracts for a short period of time, such as a few hours or days, to take advantage of short-term price movements. Others may have a more long-term investment approach and hold contracts for several weeks or even months. It's important to carefully consider your own trading strategy and risk tolerance before deciding on the length of time to hold a futures contract. Remember, the key is to stay informed and adapt your strategy as market conditions change.
Related Tags
Hot Questions
- 94
What is the future of blockchain technology?
- 73
How can I buy Bitcoin with a credit card?
- 67
What are the best digital currencies to invest in right now?
- 61
How does cryptocurrency affect my tax return?
- 61
Are there any special tax rules for crypto investors?
- 59
What are the tax implications of using cryptocurrency?
- 59
What are the advantages of using cryptocurrency for online transactions?
- 52
How can I minimize my tax liability when dealing with cryptocurrencies?