I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?
You should have good knowledge of leverage rates before you start trading margin. For the leverage you will use, you should pay attention to the calculations such as the interest you will pay on an hourly basis, the percentage of that leverage, the rate of doubling your money and the zeroing rate, and then you should learn the basic trading rules. As a suggestion, I can recommend you the FTX exchange because it was the best quality among the exchanges I have used so far. Especially compared to services such as Binance, there are many trading pairs here, high trading volume, reliable support team, and besides all these, it offers a chance to trade with USD. There is something I want to emphasize here, you can trade with USD, not USDT.