 Show Posts
|
|
Pages: [1] 2 »
|
|
I have shifted to bitcoin for funding my trading account and I definitely agree that it’s the most convenient method. Also it is more secure, you are not required to give your bank details and can simply deposit and withdraw through bitcoin.
|
|
|
|
The most problem trader has is greed, and I was a victim of that one time ago, where i lost thousand of dollar to become rich quick, trading with a very high volatile market, which has been a part of be lesson for exposing my entire account. Having say that, i went ahead for knowledge to learn risk management on a trade and also having experience trader around. Which i have two key points of my trading pattern, leverage used and entry points, always be in my mind.
Well that is something that can be beneficial for many who are just entering the market, there are some who make a leverage with up to x100 as allowed in Binance, that for me is like a double-edged sword, in my case the most that I I have leveraged it is x10 and the truth is I am very scared, because I am not used to it, and it is very easy for them to liquidate the position, it is very dangerous, I prefer normal trading that you just have to wait or go short with the minimum required, Maybe this way the money is more protected, at least for me I see it that way. Leverage represents a great risk. When everyone else is struggling by following the same things then you must try to look beyond it in order to succeed. |
|
|
|
Trading with leverage is very risky it's full with fear because now market.can Change any time due to whales games so better to avoid to leverage trading or use less leverage then we don't face any big loss
Do you think that trading without leverage is not risky? |
|
|
|
I have been trading with leverage with Alpari Forex exchange before the advent of crypto currency Which am still doing same with Binance exchange an am currently doing well because of my previous experience. But if you are new to the use of leverage please endeavor to learn with demo account first before you start with real account to avoid story that touch the heart. Equally, make sure to use the same of money you will need for your real account in your demo account so that you will be able to maintain same strategy.
Using anything directly on a real account without trying to understand how it works for you is only going to give bad results. One should always try leverage trading on a demo account first and should never forget about risk management. |
|
|
|
A lot of young users who want to get started very quickly go to futures to trade with leverage, just not understanding the basics of trading they immediately drain their capital in the first minutes of trading. I advise everyone in the beginning not to go more than 5 times the leverage, of course everything depends on the volatility, but still you shouldn't even go to x10 from the start
Many people nowdays are missused crypto as a gambling platform by using leverage in future exchanges, there people are mostly not doing investing and trust the crypto project value will be much more valueable in the future and much more profitable than what they are doing with the future market. But it's the people choice to make their own decision, but the bad thing is when they are losing a lot of money from losing on futures they spread out the their social media and make crypto looks bad for the people who doesn't know crypto yet. That’s why it’s advisable to do proper research before putting your money in any cryptocurrency. It’s better to keep yourself limited to popular cryptocurrencies than trying out every coin that comes in the market. |
|
|
|
A lot of young users who want to get started very quickly go to futures to trade with leverage, just not understanding the basics of trading they immediately drain their capital in the first minutes of trading. I advise everyone in the beginning not to go more than 5 times the leverage, of course everything depends on the volatility, but still you shouldn't even go to x10 from the start
Traders can only use leverage to their advantage if they employ proper risk management techniques to minimize the downsides of it. |
|
|
|
Using leverage is not safe for beginners that's why it's highly recommended to stay on spot trading to prevent liquidation, unless if you are sure that the coin your trading is really promising because if not you will end up nothing.. Especially using 10x or more leverage because in just one mistake there's a chance that capital will disappear in just a short period of time ..that's why as well mostly traders relies on 2x leverage in order manage the risk. So better think about it before trading with leverage to prevent massive losses and make sure you're trading a good coin before using that feature to have a good profits after all.
I agree with you. You don’t need to over leverage your positions. 2X is enough and can earn you good profits. |
|
|
|
The biggest problem with this type of work is risk. As for me, it is really important to be ready for this.
Risk is and will always be there in trading. Without taking risks we can’t make money. |
|
|
|
I do not recommend the leverage when there is no previous experience
I do find that most people are having similar opinions like they will never recommend leveraged based trading but OP got complete different view on leverage trading. Not sure why OP is having different opinion than most of the people of this community. I really recommend is to start on a platform with real money to be able to test well how it works and what the "take profit" is like.
I understand that being real money or not is not a concern here because you can start with demo money but you should start only in spot trading and not in leveraged trading. Even you are practicing in leveraged environment with demo money, you cannot learn any useful experience there because the market volatility will not let you learn anything out of real time experiences. You must need a common and steady environment where you will spend time to learn things but rushing out everything will not help you to gain knowledge about it. I do respect everyone’s opinions but maybe being on the side of what everyone thinks is right is the reason most of us are failing. I don’t believe in following herd mentality. I do what I feel is right (not for the sake of being different). |
|
|
|
Let’s bring to light the many unknown aspects of crypto trading, besides what is known - that you screw things up when you don’t understand technical analysis and blindly enter and exit trades.
I don't think there could be anything not covered by this community about crypto trading or leverage trading because in the past we had lots of similar discussions and on-which people had contributed into the core level of each details so I guess you cannot bring any merits of leverage trading because it is already proven as one of the biggest dangerous way of trading for or both beginners and experienced traders. Still I read that leverage trading might be suitable for the traders who are all experts in technical analysis at the same time it is a fact that even professional traders are not consistent in profit making. By combining these two facts, you cannot win in leverage trading even being good at technical analysis. Fact also says that 90% of the traders fail no matter what. Should we quit trading? |
|
|
|
Trading with leverage isn’t bad, the good thing about it is that it magnifies your profit. But then it also has its bad side which is magnifying your losses as well. I wouldn’t really say that it is that bad, as long as you know what you are doing and you are very sure that the decision you are about to make is going to work out and you make profit from it, if not then you are going to end up with a huge loss.
Anyone who is trading with leverage can use a little amount of money to make about 100% of what they’re trading with, but without leverage you’re making less, so This is why a lot of people like to trade with leverage. But at the same time they are taking a huge risk.
Exactly my point. If you know what you are doing and how you can utilize it to your advantage, you can definitely reduce the risk. |
|
|
|
Here are the pros I could sum up:
. First of course is the bigger market exposure. It seems like the right time to cash in on the crypto market, and for many beginners with limited capital, leverage seems to be the only option.
. Lesser risk when you set tight stops and trade smaller amounts. You don’t risk all of your capital and as you gain experience, learn how to navigate the leveraged trading market.
The biggest disadvantage obviously is the extreme volatility of the market which can magnify losses as much as it can increase profits through leverage.
How many of you here are using leverage to trade crypto, and how much, and through which broker? Let’s bring to light the many unknown aspects of crypto trading, besides what is known - that you screw things up when you don’t understand technical analysis and blindly enter and exit trades.
Just a reminder just because you set a stop loss at a certain price it does not mean that it is going to be executed at exactly the price you specified, there is something called slippage which is the difference between the price you expect to sell and the actual price at which you sell, this means that in a moment of great volatility you could end up selling for a price way lower than what you thought, which means that just when you needed it the most the protection that you thought you had with the stop loss will not be there. We are ignoring the fact that those with high capital don't need to increase their position size. They are already getting high returns. Also they need not worry about growing their account quickly. Their focus is to protect what they have at the same time trying to earn whatever they can. |
|
|
|
|
Bitcoins do not have any physical existence like currencies. It is a virtual cryptocurrency. It is a standard practice to store your Bitcoin in a secured De-Fi wallet or a blockchain account. Those details must be saved with utmost privacy. Hence, in the case of the death of a person, there are chances, this privacy gets buried forever. That means the recovery of those coins will never be possible again. However, the person can decide whether to rely on offspring or siblings to share the data, in case it is required after a death.
|
|
|
|
|
There are two different schools of thought existing about Bitcoins. Many feel secure, and the rest are still sceptical about its legality and security. The doubt about its legality arises as Bitcoin is not regulated by any central authority like the Government. Bitcoin is regulated by a decentralized authority. At the same time, this is the prime reason behind its transparency and security. Anyone across the globe can access the public ledger storing Bitcoins and check the balances. Every Bitcoin transaction undergoes an extensive set of computer verifications following the technology of blockchain. IMHO, it is almost impossible to ignore the use and importance of Bitcoin in the future.
|
|
|
|
The most important thing to understand is that it can be dangerous. As for me, a trader cannot always guarantee his profit.
From my own understanding, leverage trading is another form of gambling, not trading, and like you said understanding the danger/complication involved is the best and the first thing to know cause most people that participated in leverage were blind by the end profit. If you are placing random trades without any knowledge then of course it’s gambling but we are not talking about gamblers here. Leveraged trading is for those who believe in strategic moves. |
|
|
|
Trading with leverage is a good choice for those who know more and exactly understand, but not recommended for beginners.
We know that high profits commonly will require higher risks. It is also the same in this case.
Trading with leverage commonly will have higher profits than others, this can multiple our capital when trading and take big profits.
But, this also requires higher risks, we may also lose our money or because of the liquidity in the market.
This is very dilemma if we are not good enough or professional doing this generally.
But, actually, there are some ways to at least help us to minimize the risks, like using the feature of Stop Loss and also Hedging.
Once more, never try this if we are realy new
By using proper risk management strategies, traders can really benefit from leveraged trading. |
|
|
|
Trading with leverage is just an option you can make a trade with low leverage or zero leverage but if you have a small amount of money only and you want to make a trade its not profitable at all, else you will put leverage so you can get a higher chance of profit. Always make a trade which you can only afford on it. Lossing a trade does not mean you lose a profit still at the end of the day number of earning on every trade is the one you gives a good outcome. So base in my experience safe leverage is with the range of 25-75x.
25X- 75X is extremely high for crypto trading.It gives me shrills. I won’t suggest it to anyone. Also, I don’t think there’s any broker who offers such a high leverage for crypto trading. |
|
|
|
First of course is the bigger market exposure. It seems like the right time to cash in on the crypto market, and for many beginners with limited capital, leverage seems to be the only option.
Beginners + leverage + limited = Margin Calls/Liquidations. Plus it’s not the only option. You can find a job, save a portion of your salary in Bitcoin. I believe you would have a higher probability of long term success with that than gambing with leverage. Think where you will be 10 years from now if you keep gambling with leverage. Yeah, OP is trying to misguide new traders because theoretically leverage markets might look like an advantage but when getting into market then high volatility might swallow all their capital in matter of one or two sessions. Basically, limited funds cannot be a constrain for considering about leverage market. Leveraged market might suit the traders who are able to accurately predict the market directions in short term. Such traders already might have big capital and still go for availing leverage to maximize their profit levels when trading on multiple assets. OP: When you are having small capital then going for leverage with all 100% of your capital might lead to disasters on a small correction on your expected market direction. Only when you gain experiences then you may start think about leverage trading. I agree and I’m not at all trying to misguide anyone. It’s true that newbies with small capitals are the ones who mostly use leverage to quickly grow their account. A small amount of leverage can be beneficial if you are following sound analysis to predict the price movements. However, if someone is just gambling around, I won’t suggest them the same. |
|
|
|
Trading with leverage is a very dangerous thing for a beginner, especially for a gambler, because if you try it once, you can't pull everything off.
As a beginner, I was losing my deposits, trading with a leverage of x10, x20, but I realized that it was necessary to trade with a maximum of x5, and it would be hard to stop.
It's not recommended for newbies especially if they don't master the risk management. That's what will happen to any traders who don't know how to manage the risk and they just rely to luck and will ended up broke. I use high leverage even though I'm not a professional trader but I only use it if I'm really confident with my technical analysis. That’s smart. Traders, most specifically the new traders need to understand that it’s not important to use leverage on every trade. Use it when you are very sure about a trade but it’s not good to exceed a certain limit even if you are very experienced. |
|
|
|
|
Newbies must learn to control their emotions. They might see the market as an easy way of making money and try to do all at once by rushing things. Take your time to build your career slowly because that’s how it will last for long.
|
|
|
|
|
