Quote from: BlacksmithCorporation on October 14, 2019, 02:55:51 AM

Margin trading is extremely profitable but the risk is similar, I think you should be aware of leverage and capital management. I have just witnessed two new members of my group liquidate their accounts in just one week, because they use leverage up to 50x and use all assets to trade. Their common point is that they are overconfident and involved with the winner's mind.

About the trading platforms, I think you can choose Okex they have margin trading with USDT, very suitable for downtrend. Or you can choose future or perpetual swap with higher leverage.

They are crazy and greedy, the leveraging itself is not the problem, but the greed of the people applying it is the real issue here, how can someone jump leveraging at 2x which maximum should be 10x and go and leverage at 50x, then they keep blaming margin trade, if they had leverage at 2x every time they trade, would they still not be in business by now rather than the way their account has been liquidated, so their greed is what consumed them.

I am not arguing that margin trade can be risky, but there is always a way to manage every risk. The best way to manage the risk of margin trade is just to leverage low, once you can leverage low, it would be impossible for the money to liquidate easily except if there is a long downtrend for a very long time.