What is the meaning of 'going short' in cryptocurrency trading?

1 answers

• Mar 18, 2022 · 3 years ago
  At BYDFi, we understand the concept of going short in cryptocurrency trading. It's a strategy that can be used to profit from a declining market. However, it's important to note that going short carries higher risks compared to going long. It's crucial to have a solid risk management plan in place and to carefully analyze the market before executing a short trade. If you're new to cryptocurrency trading or unsure about going short, it's always a good idea to seek advice from a professional or do thorough research before making any trading decisions.
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