Post
Topic
Board Trading Discussion
Re: 3 Top Tips to Stay Safe While Margin Trading Crypto
by
Pearls Before Swine
on 21/11/2019, 21:30:18 UTC
Despite that you can say it's the safest way in trading cryptocurrencies, there's no such guarantee that it would be really "safe" as the market is so unpredictable that it would go down anytime without warning.
What's the safest way to trade, using margin?  That's ludicrous.  Trading on margin is far more risky than simply trading with a cash account.  I get why traders use leverage, but it is *not* safer than just using your own money to trade without borrowing funds in order to increase potential profits.

My main problem with the quote above is that they are encouraging new traders to use leverage, and that is a mistake, unless you have been in the market for years and you have been obtaining profits through those years
I agree, tho I had to chop your post off since you used a runon sentence.  Exchanges love newbies using leverage since the market is usually so volatile that they will probably lose everything.  Traders starting out ought to just use their own funds instead of borrowing from an exchange.  Sadly I don't think most will heed that advice, as greed usually wins out.