Trading Quiz:
Imagine you decide to open a long position on Bitcoin (BTC) with an initial investment of $500. To maximize your potential return, you apply 10x leverage, effectively increasing your market exposure to $5,000. Now, suppose the price of Bitcoin rises by 5% after you've entered your position. Based on your leveraged exposure and the increase in BTC's value, you want to calculate the resulting profit from this trade. Remember, leverage magnifies both potential gains and losses, so it's important to understand how it works. Given the 5% increase in price and your 10x leverage, what would your total profit be from this trade?
A) $25
B) $50
C) $250
D) $500
