Here are the pros I could sum up:
. First of course is the bigger market exposure. It seems like the right time to cash in on the crypto market, and for many beginners with limited capital, leverage seems to be the only option.
. Lesser risk when you set tight stops and trade smaller amounts. You don’t risk all of your capital and as you gain experience, learn how to navigate the leveraged trading market.
The biggest disadvantage obviously is the extreme volatility of the market which can magnify losses as much as it can increase profits through leverage.
How many of you here are using leverage to trade crypto, and how much, and through which broker? Let’s bring to light the many unknown aspects of crypto trading, besides what is known - that you screw things up when you don’t understand technical analysis and blindly enter and exit trades.
Actually trading with leverage is much more profitable than trading without it but obviously, it's highly risky for beginners, there is big money to be made and at the same time big money to be lost when it comes to leverage trading, unfortunately, the newbie traders aren't able to resist the temptation that leverage trading provides which means they are too much attracted towards making quick money in the short duration that they forget the concept of risk management which is thoroughly important when it comes to trading for a longer term. So trading with leverage is obviously a great thing to have but new comers shall stay strictly away from it.