Any thoughts on this I just think the guy just scam me by making me buy a fake coin and I don’t know that earlier, I so sad for believing him and I don’t know what next now
NEW TRADERS, UNDERSTAND THIS BEFORE TRADING! 🟥 Leverage: The Sweet Poison in Crypto Trading Imagine being told you can turn your $100 into $1,000 instantly. Sounds great, right? But this magic trick can turn into a nightmare faster than you think. # Breaking It Down: How Leverage Works For simplicity, let’s use the current prices of Bitcoin ($67,500) and Ethereum ($3,200). 10x Leverage - You have $100. - With 10x leverage, you’re trading $1,000. - If Bitcoin moves 1% ($675), your position changes by $67.50. - A 1% move either gains or loses you $67.50—67.5% of your capital. A 10% move wipes you out completely. 100x Leverage - You have $100. - With 100x leverage, you’re trading $10,000. - If Ethereum moves 1% ($32), your position changes by $320. - A 1% move either gains or loses you $320—320% of your capital. A 0.5% move erases your funds. # The Ugly Truth: Leverage Doesn’t Boost Your Profits Leverage doesn’t increase your profit amount; it just boosts the percentage gain. Without leverage, a 1% gain on $1,000 nets you $10. With 10x leverage on $100, the same 1% gain still nets you $10. The profit remains the same, but the risk skyrockets. # Isolated vs. Cross Margin Isolated Margin: - Limits your risk to the specific trade. - If the trade goes bad, only the margin in that position is affected. Cross Margin: - Shares margin across all your positions. - If one trade fails, it can drag down your entire account. The Harsh Reality Leverage feeds on the greed of small retail traders with portfolios under $200, dreaming of quick wealth. But leverage is a trap that often leads to disaster. Leverage is a dangerous illusion. Stay disciplined, manage your risks, and avoid the high-leverage bait. Smart trading is about steady growth, not fast gambling. #RiskManagement #binancelearntoearn #Bitcoin_Coneference_2024 #TradingMadeEasy