50x richer? Or 0 in 5 seconds?
In crypto trading, leverage is a double-edged sword. It allows you to multiply your gains but also your losses. Basically, it’s a high-risk strategy where you borrow money to open a position bigger than what your capital would normally allow.
Simple example:
If you use 50x leverage, it means you're trading with 50 times your initial investment. So, if the market moves in your favor, even a small price change can bring huge profits. But be careful… if the market goes against you, you could lose everything very quickly.
What you should remember:
Using leverage in crypto trading requires real market knowledge and strong risk management. Yes, the profits can be impressive… but so can the losses! So always stay cautious, be strategic, and never trade with money you can’t afford to lose.
This screenshot shows my loss with both joy and pain 😅💔on Binance using just 10x leverage. So guys, be careful out there!
