There is a very foolish way to trade cryptocurrencies that almost guarantees 100% profit. I made over 20 million using this method!
How to use leverage to trade in the cryptocurrency market?
What does leveraged trading mean in the cryptocurrency market? Leveraged trading amplifies your principal by several times, allowing for larger investments with smaller capital, achieving high returns from low investments. However, one must also bear the risk of potential losses being magnified. Due to the high volatility of digital asset prices, please ensure you fully understand the risks of leveraged trading before using it. #山寨季何时到来？
How to use leverage to go long and achieve doubled profits? #美国加征关税
Taking BTC/USDT as an example, if the platform supports a maximum of 3x leverage. When you predict that the price of Bitcoin will rise from 10,000 USDT to 20,000 USDT, and you have 10,000 USDT as your principal, you can borrow up to 20,000 USDT from the platform. With 30,000 USDT, you buy 3 BTC at 10,000 USDT each and sell at 20,000 USDT, making a profit of 3 BTC * (20,000 - 10,000) = 30,000 USDT. If you only trade with your own 10,000 USDT, you can only profit 10,000 USDT. Using 3x leverage increases your profit threefold!
How to use leverage to short and make money when prices fall?
Taking BTC/USDT as an example, if the platform supports a maximum of 3x leverage. When you predict that the price of Bitcoin will drop from 20,000 USDT to 10,000 USDT, and you have 10,000 USDT (0.5 BTC) as your principal, you can borrow 1 BTC from the platform, sell 1 Bitcoin at 20,000 USDT, and buy it back at 10,000 USDT, making a profit of 10,000 USDT. If you only trade with your own funds, you can only buy low and sell high, and cannot short. $XRP
What are the risks of leveraged trading?
Leverage provides the possibility of obtaining significant returns with relatively little capital. However, if the trading direction is judged incorrectly, losses will also be magnified proportionally. Therefore, ordinary traders should try to avoid high-leverage heavy trading to prevent liquidation or even negative balance. $ETH
How to reduce leverage risk?
1. Use leverage reasonably, control your position.
2. Take profits and stop losses in a timely manner, and close positions voluntarily.
3. Add margin promptly to ensure the ratio of total assets to leverage amount is greater than 110%. $BTC
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