I've just placed my first ever short trade using the BTC/USDT pairing through Binance Margin (Isolated rather than Cross). I kept the amount very low for my first trade just in case I did anything wrong - but fortunately the trade seems to have gone through ok...
The Isolated trade on Binance allows me to borrow 10x the amount I have transferred into my Margin account. My question is, does the Liquidation Price (shown in the Positions tab) trigger when I have lost all of the money in my Margin account, or, can it access the money in my Spot account as well?
So my question is really... When making a short trade through Binance Margin, am I putting my Spot account at risk or just the money in my Margin account?
Only the amount of money in the margin is at risk, not your entire money in your spot account. The liquidation price is the price where you're going to lose your trade when it's trigger, it will automatically close your trade and you need to make another trade if you want to continue trading.
Isolated margin means you're limiting your balance to be blown out by liquidation while Cross margin is the exact opposite of it.