I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?
A friend of mine has been doing margin trade of a long time already and he advised me that if you will go on margin trade you need to be sure with your position before placing because one wrong move then you might lose your money or you will be liquidated. In short you have to be good in reading chart or at least a good trader before doing so to avoid losing money.
100% agree. Since you are new to margin trading, start small. After you catch the trick of doing it, try to play with bigger amounts.