|
Title: Bitcoin spread trading Post by: adam9317 on December 23, 2013, 07:15:16 PM Hi there,
If anyone spread trades with bitcoin could you please reply here and also pm me. I am looking for some advice on spread trading BTC Thank you Title: Re: Bitcoin spread trading Post by: Rannasha on December 23, 2013, 07:25:49 PM On most exchanges the fee is typically too high to make any profits from trading the spread.
Title: Re: Bitcoin spread trading Post by: adam9317 on December 23, 2013, 07:41:54 PM On most exchanges the fee is typically too high to make any profits from trading the spread. I understand but I still want to try Title: Re: Bitcoin spread trading Post by: alpha492 on December 23, 2013, 07:53:32 PM I used to try, but slippage and fee's make profitability near impossible.
Title: Re: Bitcoin spread trading Post by: piramida on December 23, 2013, 08:00:00 PM need to find some exchange in china, with zero fees and high enough volume. btcchina was nice, but not anymore.
Title: Re: Bitcoin spread trading Post by: RyNinDaCleM on December 24, 2013, 01:05:58 AM The best time to trade the spread is after an abrupt large move.
At the current prices, you need to trade $3-6 (depending on fees) to break even. So you need to watch for >$6 moves then place an order on each side to let the bots have fun with it. One problem arises... You get front running these days that closes the gap a lot faster than it used to. It's easy money when the opportunity exists, but it's not very often lately. I used to try, but slippage and fee's make profitability near impossible. If you're getting slippage, then you're doing it wrong. You don't buy at market for one, and the spread needs to be larger than your fees Edit: This isn't exactly spread trading in the typical sense, since there aren't related securities to trade with. But the method described can be a lucrative strategy when it shows itself |