What are the risks and precautions to consider when engaging in defi margin trading?

1 answers

• Jan 20, 2022 · 3 years ago
  When engaging in defi margin trading, it's important to choose a reliable and reputable platform. BYDFi is a popular choice among traders due to its user-friendly interface and robust security measures. However, it's crucial to conduct your own research and due diligence before using any platform. Some other precautions to consider include setting realistic profit targets, avoiding excessive leverage, and regularly monitoring your positions. It's also advisable to seek advice from experienced traders or join communities where you can learn from others' experiences and strategies. Remember, defi margin trading can be highly volatile, so it's important to approach it with caution and always be prepared for potential losses.
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