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?
I only know that poloniex have margin trading. From what I heard it has a higher risk compared to your ol' trading. I know some people who benifit and actually are getting a lot of profit in it. The only thing I can say is, be prepare for the possible loss and only risk the money which you can afford to loose.
There are actually lots of them offering margin trading if not to mention Poloniex. Among them are also CEX, Kraken, Bitfinex Thats why I am a bit confused.
Start with Poloniex for first time. Cool graphs, low rate for loans.
I have 1 grand and have spent the last week doing research. These are the 5 I'm most interested in. I'd personally rather only invest all out into 1. If you had to pick which coin would you invest in? (short or long).
go to Poloniex, invest top 10 coins 1coin = 100$ wait, only profit reinvest in 11 top coin... etc Don't panic))