Post
Topic
Board Trading Discussion
Re: Why You Should Trade Crypto With Leverage
by
XZERO1
on 28/10/2020, 09:59:02 UTC
Leverage trading, also known as margin trading, is when a trading platform allows you to increase your capital through borrowed funds and leverage your trade.

Today we discuss why we think trading with leverage is a good idea

You know it's not very nice to talk about things you know nothing about to just get some more views for your steemit page and get some beginners in trading trapped in the leveraged trading.

I actually think it's the opposite and you should never trade "Cryptocurrencies" on leverage, leverage at the start was a way to increase the volatility of the price of different assets/currencies to make them more trade worthy and maybe more profitable like what you see right now traders in Forex do, in Forex market currencies only go up or down about 1-3% maximum in a day which makes sense for a trader to use a little leverage on it while in crypto market a coin/token can change 20-50% in just a single day and if you use leverage on crypto you can lose it all in just a blink of an eye.

The bottom line is crypto is by itself is volatile enough and you don't need leverage to make crypto trading any more risky.