Futures trading is just like a zero sum game, +1-1= 0, and such games are forbidden in Islam . On futures trading you pay an interest fee, dealing with interest is haraam. Future trading means when you use a leverage of 10, you borrow money, and then you pay back the money with interest, which is haraam.
Read moreWhat are BTC longs?
Longing Bitcoin (or simply bitcoin long) means buying Bitcoin with the expectation of the price of Bitcoin rising in the future . Essentially longing Bitcoin means buying Bitcoin at the current time to sell them at a higher price in the future. Example: You bought 1 Bitcoin at a price of $8,000.
Read moreWhere can I find long and short crypto?
You can open long and short positions on any cryptocurrency exchange that provides spot or derivatives trading services . Traders usually opt for well-established platforms such as Coinbase or Binance, among others.
Read moreWhat are longs and shorts in crypto?
In a nutshell, Long and Short reflect whether a trader believes a cryptocurrency is going to rise or fall in value . If you go Long then it is equivalent to buying the cryptocurrency or opening a long position on the other hand going short is equivalent to selling the crypto.9 Ağu 2021
Read moreIs BTC long or short?
Both longs and shorts are measured in BTC . On shorter timeframes (say below one week) longs and shorts are typically almost straight lines because they don’t fluctuate much and because of Y-axis scaling.
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