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.
It's good to try out new things, but not the ones that are going to land you in very big problem. Have you read about margin trading to understand everything about it and how it works, margin trading is a very difficult kind of trading, so it is something that you will have to learn very well in order to understand it. I have seen a lot of people that got themselves involved in margin and they all ended up in losing and it was even worst for them. It's better for you to continue your normal trading with an amount that you can afford to lose. But if you think you have knowledge in margin trading and you can do it, then it's up to you to try.