Post
Topic
Board Marketplace (Altcoins)
Re: cryptocurrency and forex trading....
by
TheUltraElite
on 02/01/2020, 07:21:09 UTC
Why people prefer to use the high leverage accounts in the volatile crypto market? It is dangerous to play with leveraged accounts especially if the leverage rate is higher than 1:100. 1:2 leverage is the best average for smart traders.
100x would be an insane amount of leverage and thus an insane risk to take on part of the trader. 2x leverage is what is recommended for any new trader or anybody trying to just get a grip on the system of leverage trading. Even bitmex calls for 2x to start off even though you should not listen to your own bookie. Its more like calling in a heart attack by paying your own money. Grin

Yup! even for newcomers, cryptocurrency trading is easier to understand than forex trading. Cryptocurrency trading for me is a flexible way of buying and selling.
It would be wrong to say that one is easy and the other is difficult. Both have their own pros and cons, difficulties and technicalities. When one is good in crypto may not be good in forex and vice versa.