Post
Topic
Board Trading Discussion
Re: Can we Trade Future for LongTerm ?
by
CryptopreneurBrainboss
on 01/02/2021, 08:31:20 UTC
I am new in cryptocurrency Trading. I want to know, Can i trade Future Trading for long term or short term...🙄


Obviously yes but as a beginner (I believe you're), you should go for the short term future trades provided you have acquired all the necessary knowledge and information needed to be successful both at the traditional trading in general and future trading to be precised. The market is very volatile that's it's hard to predict exactly what tommorow holds for the market. The sentiment now can be a bullish scenario come months time but a change as a result of fud could alter everything.

Also we know the global economy is still struggling and recovering, and bitcoin still react to the outcome of the global economy therefore a scenario when the market experience some downtrend could trigger a reaction from the cryptocurency market which will result to a dump in price. Just to play it safe and minimum your risk, all trade should be done in short timeframe at the moment until everything stabilizer and the fear of another pandemic is out of the picture.