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Leverage trading is basically going and taking some money and being able to take $100 and buy let’s say $1,000 or $110,000 worth of crypto now how would this work let’s say you deposit $10000 in usdt to Marx there’s a link underneath the video by the way but
Let’s say you go take $100 and you put 10x leverage on bitcoin what that means is basically you’re using that $100 to buy $1,000 of Bitcoin the downside to that is Bitcoin needs to fall down less for you to lose money so for example if you do that trade and let’s say Bitcoin
Goes up 10% well you can take that 10x multiple times that 10% and you would actually make about 100% on your trade now if Bitcoin falls down 10% you take that multiple 10x and you would lose 100% so that’s how it works now of course you have to have good risk
Management you have to understand what you’re doing and then also you should just do more research on crypto trading in general
2 Comments
Try Margex to long or short crypto! NO KYC. Make a deposit THEN use code: MFF20 to get a 20% bonus on deposits, up to $10k to be used to cover up to 50% of fees for 2 weeks!
https://margex.com/?rid=26303238
If you loose, do you end up owing the money?