WindRider
Sat Jun 08 2024
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5 answers
1180
Is Binance legal in Australia?｜The short answer is . It issued an edict to Australians who have invested in futures, options & leveraged tokens on Binance to close their position within 90 days.no.
Is Binance legal in Australia? This is a question that many investors and cryptocurrency enthusiasts in Australia may have pondered. The short answer to this inquiry is no. Binance, a global cryptocurrency exchange, has not been granted legal status in Australia. In fact, the platform has issued an edict specifically addressed to Australians who have invested in futures, options, and leveraged tokens on Binance. This edict instructs them to close their positions within a period of 90 days. This measure indicates that Binance is not operating legally in Australia and is taking steps to comply with local regulations. While this doesn't necessarily mean that Binance is engaging in illegal activities, it does highlight the importance of understanding the legal status of cryptocurrency exchanges in different countries before investing.
CharmedClouds
Thu Jun 06 2024
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6 answers
1134
Should I trade futures or forex?
Should I trade futures or forex? This is a question that many investors ponder, seeking to understand which market offers better opportunities. Futures trading involves the buying and selling of contracts for commodities or financial instruments at a specified price for delivery at a future date. It offers the potential for significant profits, but also carries risks due to price fluctuations and leverage. On the other hand, forex trading involves the buying and selling of currencies, often with the aim of profiting from exchange rate movements. This market is known for its liquidity and 24-hour trading, but it can also be volatile and unpredictable. So, which is right for you? It depends on your risk tolerance, investment goals, and understanding of the markets. Both futures and forex trading require careful consideration and a solid understanding of the risks involved. Before making a decision, it's crucial to do your research, understand the markets, and develop a trading strategy that aligns with your goals.
CherryBlossom
Thu Jun 06 2024
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6 answers
1858
How to make money in crypto futures?
I don't understand this question. Could you please assist me in answering it?
Isabella
Thu Jun 06 2024
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7 answers
1933
How many hours a day can you trade futures?
Could you please elaborate on the time commitment required for trading futures? I'm interested in knowing how many hours a day one typically spends engaging in such activities. Is it a full-time job, or can it be done part-time with flexibility? Also, does the number of trading hours vary depending on market conditions or personal trading strategies? I'm trying to get a sense of the time commitment involved in this field.
Lucia
Thu Jun 06 2024
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6 answers
789
Is it better to trade futures or spot?
Could you please elaborate on the advantages and disadvantages of trading futures versus spot in the cryptocurrency market? I'm particularly interested in understanding the risks involved, as well as the potential returns. Additionally, could you provide insights into which option might be more suitable for different types of investors, such as those with high risk tolerance or those looking for more stable returns? Your expert opinion would be greatly appreciated in helping me make an informed decision.
