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What is leverage?

What are its benefits?

What are its harms?

Leverage: It is the multiplication of the size of the trade, and we can control it based on the currency we are trading, which allows for a leverage of x50 or x100, and so on.

Benefits: Increased profits, for example, when you open a trade worth 5 USDT

with leverage of x10.

You now consider yourself a trader worth 50 USDT, and your profits will be based on this.

Harms: Leverage carries high risk; if you are a beginner, I advise you not to exceed x5 to x10 at most, as while it increases the probability of profit, it also increases the probability of loss in case the price reverses.

I wish everyone great trades and big profits. Good luck!