How does leverage work in the world of cryptocurrency trading?

1 answers

• Dec 16, 2021 · 3 years ago
  At BYDFi, we offer leverage trading for cryptocurrencies. Leverage allows traders to open larger positions with a smaller amount of capital, which can potentially lead to higher profits. However, it's important to note that leverage trading also comes with increased risk. Traders should carefully consider their risk tolerance and only use leverage if they fully understand the potential consequences. It's also important to use risk management strategies, such as setting stop-loss orders, to protect your capital. If you're new to leverage trading, we recommend starting with a lower leverage ratio and gradually increasing it as you gain more experience and confidence in your trading abilities.
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