Cryptocurrency Q&A
Can you short and long on Binance at the same time?
Can you short and long on Binance at the same time?
CryptoVisionaryGuard
Fri Nov 29 2024
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6 answers
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I'm wondering if it's possible to have both short and long positions open simultaneously on Binance. I want to understand if the platform allows such trading strategy where I can benefit from both market directions.
6 answers
Raffaele
Sun Dec 01 2024
Simultaneously, they can also open a short position by selling a contract, anticipating a price drop.
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CryptoAlchemyMaster
Sun Dec 01 2024
Binance Future Trading offers a hedge mode that allows traders to open positions in both directions simultaneously.
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JejuJoyfulHeartSoulMate
Sun Dec 01 2024
This feature enables traders to hedge their bets and manage risk more effectively.
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Stefano
Sun Dec 01 2024
In hedge mode, traders can open a long position by buying a contract, expecting the price to rise.
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HanjiHandiwork
Sat Nov 30 2024
By doing so, traders can protect themselves from potential losses in either direction.
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