#TipsTradingFutures | TRADING FOR LIFE - Spread - A quick way to make crypto trading profits.
Batch 05 - What is Spread Trading?
Spread trading is one of the crypto trading techniques in crypto which refers to the difference between the buy price (bid) and the sell price (ask) of an asset traded on an exchange.
This spread can be a source of profit for traders who can take advantage of price differences on various exchanges or within one exchange.
Also read:
Faktor X penyebab kegagalan seorang Trader Kripto
Simple Example:
Let's say you buy Bitcoin on Exchange A for $30,000 and sell it on Exchange B for $30,100. This $100 spread is the real profit you get from the price difference on the two exchanges.
How to Do Spread Trading:
1. Look for Exchanges with Low Spreads: Exchanges with low spreads like Binance or Coinbase are often a choice.
2. Take Advantage of Price Differences: Monitor prices on various exchanges and take advantage of price differences to buy on exchanges at lower prices and sell on exchanges at higher prices.
3. Pay Attention to Transaction Fees: Make sure the profit from the spread is greater than the transaction fees charged by the exchange.
From @0x8o0M , for you to increase your insight and knowledge regarding other crypto trading techniques, please read and visit 👉 TRADING FOR LIFE
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