[2015-10-28] BTCC Launches Bitcoin Trading Platform, Offers 20x Leverage

[tyz]

BTCC has launched “Pro Exchange”, a trading platform boasting of great features, for the “spot trading” of virtual currency Bitcoin. One salient feature of this platform is, that the traders who would use it will be able to maximize their profits as they will get 20x leverage on spot trading.

http://www.newsbtc.com/2015/10/28/btcc-launches-bitcoin-trading-platform-offers-20x-leverage/

[RustyNomad]

I can see many inexperienced traders being taken to the cleaners here.

Leverage is a double edged sword. It will help you to maximise your profits but it will also help you to maximise your losses. If there is one thing that is surely one of the biggest account killers out there it must be leverage, especially if used incorrectly. Increased leverage more often than not leads to a false sense of security for many inexperienced traders due to the fact that they can trade positions sizes far larger than what one should actually be trading for a certain account balance.

[indiemax]

Yup,I'm sure a lot will lose their shirts

[okae]

well people should be careful using it, i mean to be very careful with leverage, 20x leverage sounds strange for me, something like "to good to be true" don't know if you understand me...

not only inexperienced people should be carefully about it, let's see what finally happened, but they can count with me out