What are the most popular spread strategies used by successful cryptocurrency traders on Nadex?
phine seraDec 26, 2021 · 3 years ago1 answers
Can you provide some insights into the most popular spread strategies that successful cryptocurrency traders use on Nadex? I'm particularly interested in understanding the strategies that have proven to be effective and profitable in the cryptocurrency market.
1 answers
- Dec 26, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, has observed that successful cryptocurrency traders on Nadex often rely on the vertical spread strategy. This strategy involves buying and selling options contracts with different strike prices but the same expiration date. Traders can use the bull call spread or bear put spread to profit from a directional move in the market. Additionally, the credit spread strategy is popular among traders who want to generate income from options premiums. This strategy involves selling options contracts with a higher strike price and buying options contracts with a lower strike price. It allows traders to collect the premium while limiting their potential losses. Successful cryptocurrency traders on Nadex also use the diagonal spread strategy, which involves buying and selling options contracts with different strike prices and expiration dates. This strategy offers a combination of time decay and directional exposure. These spread strategies have proven to be effective for cryptocurrency traders on Nadex.
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