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.
For me, my first impression of margin trading is the danger to investors' assets. It is really a hard game and is hunted by many whales. Sometimes many people bet a lot of money, the whale can see that command and start manipulating the opposite. That's why so many traders disrupt what margin trading is. I do not encourage people to participate in this type of transaction.