I am looking for an exchange that offers leverage.. I am in the UK, and sadly it seems this dystopian government have stopped all leveraged trading.
I am looking for an exchange that will let me use leverage, 5x, 8x etc...
I must ask you a question "Did you get profit with Spot trading?" and "Did you have positive net profit with Spot trading in long term?"
Without net profit from Spot trading in long term, it's extremely dangerous for you to touch leverages. Now, one more question "what is 5x, 8x, and etc, what is the etc" here?
Is it like higher leverages like 10x, 25x, 50x or 100x?
You will suicide and lose money easily and quickly with leverages and a higher leverage you use, a more risk of losing your money.
It's a good question and a good point.
I am aware we are closing in on this cycle, maybe another 6 months max give or take if we go by traditional knowledge... Right now I am looking to take a few low level punts... Just £500 here and there with 5x to 10x... a few (imo) low risk trades considering where we are in the cycle.