Any advice in margin trading?

[MFahad]

Hi

Bitmex:

www.bitmex.com

Deribit

www.deribit.com

In both  you haven't  to verify personal data, so I do not see any inconvenience that you use it in the USA.

If the personal data is not being verified at these trading sites, so it can be used anywhere with comfort. But still the interface is not so easy and a Newbie person wont find it easy to perform marginal trading at these sites.

[wikireseller_to]

I don't mean to be a party pooper but my advice is to stay away from margin - Bitcoin markets are quite volatile on its own (I would not say extremely volatile as it's something from the past - now the volatility is in range of crude oil volatility).

Even if you manage to stay on good side of it - if the exchange is suddenly down and you are unable to login and do the adjustments you will loose money and it won't really be "your" fault - just the exchange was down and you could do nothing about it. Basically that's what made Chinese to step in and the Chinese exchanges disabled margin trading for locals - if they are scared of anything in China it's public outrage.

[Pioneer88]

One expert on margin trading recommended me to long Bitcoin Cash 30x when its price was 425$. Did not believe in him when I saw the total crypto markets were in red. I missed a good chance.
He told me, chances like that come weekly, he suggested to continue long on Bitcoin Cash 5x-10x leverage even when its price is around 500$ now.
Target 1: 519$, target 2: 534, Target 3: 579$. Hold for some days or even weeks. Stop-loss at 479$ and reentrance at 461$. Good luck!

The only place that you can leverage BCC/USD now is at Bitseven. Remeber that BCC/BTC on Bitmex has another outcome.

I do not respond for any of your loss. You own your risk. Never trade with fund that you're not affordable to lose all. However, I welcome any tips or donation if you win big

[el kaka22]

Don't do margin trading if you don't know what you are doing. Margin trading is one of the toughest things a trader can do and the range for mistake is very slim so you need to be %100 sure that you are doing the right thing. If you are wrong even a single bit than all of your trade amount will go to zero right away.

I know investing normally can make you lose above 50% in crypto specially if you invested on all time high prices but even that is not 100% of your money and you still have a chance to make that money back if the prices go back up. In margin trading there is no option like that and you need to restart with new money to try to recoup the losses and that might result with more and more losses each time. It is more like gambling than trading to be honest with you.