CryptoDesk123
We are providing best analysis. Follow us for free trade predictions. @cryptodudespublic
15 Following
4.3K+ Followers
1.7K+ Liked
27 Shared
what is DCA (Dollar Cost Average)
What is DCA?
DCA full form is: Dollar Cost Averaging
Let's say you have $100 and you decide to allocate 5% of your portfolio per trade. If you take a long trade on Bitcoin (BTC) at $28,000, and the price drops to $27,200 or any lower value, you can implement DCA.
With DCA, you would open an additional trade at the lower price, investing another 5% of your portfolio. This means you will have invested a total of 10% of your portfolio after implementing DCA.
The idea behind DCA is that by addi
DCA full form is: Dollar Cost Averaging
Let's say you have $100 and you decide to allocate 5% of your portfolio per trade. If you take a long trade on Bitcoin (BTC) at $28,000, and the price drops to $27,200 or any lower value, you can implement DCA.
With DCA, you would open an additional trade at the lower price, investing another 5% of your portfolio. This means you will have invested a total of 10% of your portfolio after implementing DCA.
The idea behind DCA is that by addi
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Trending Topics
TradeStories
4.6M views
8,766 Discussing
Share Your Trade Stories on Binance Square to Unlock 5,000 USDC Rewards!
Binance Announcement
429 Likes
1.5M views
FOMCMeeting
7.1M views
23,669 Discussing
PectraUpgrade
1.3M views
2,184 Discussing
