Hello everyone!
Ive been trading in some few exchanges (e.g., Binance, Okex, Mercatox, MetaMorph Pro, etc.) from time to time. However, theres something that I want to explore.
Recently, Ive met a couple of guys who is promoting a margin trading platform. Its the first time Ive encountered a margin trading platform, and they said that it does not have the open orders feature like most crypto exchanges have.
Just like the crypto exchanges, we also invest and trade an amount that we could afford losing. But what are your thoughts about margin trading? Is it ideal for crypto day trading?
I would love to hear your thoughts or opinion regarding margin trading. Thanks in advance.
Margin trading is must more risky if you compare to regular trading site because if you make a wrong move by picking buy order your capital can be liquidated or be lose all compare to regular trading site you can hold if even if the price falling down but the good thing in margin trdaing you can earn profit even the market is in the red line.