Margin trading. Where to start?

[holtzmann]

I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?

[ktabb]

I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?

You say that you are aware of the risks but I feel the need to reiterate that you should consider the fact that you can not only lose ALL of your investment, but you can lose more than that. You can end up losing more than you invest, as in, you have to deposit more money into your account to pay your debt.

That being said, you are right that there is potential upside. I trade stocks on a margin all the time, and if you are very careful then it can be a powerful tool. With crypto, however, it seems very reckless and dangerous to me. Crypto is notoriously risky and hard to predict. By trading on a margin you are gambling with money that is not yours. Trading crypto (as opposed to holding long term) is luck based, and the vast majority of people lose. I would highly recommend not using a margin for crypto.

If you want to make real money consistently, trade stocks.

[FrueGreads]

I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?

I would say go to poloniex, but to be honest I didn't really enjoyed doing margin trading. I prefer to choose and hold long term altcoins or BTC. I think it's less risky and it gives nice profit as well. Also, although I recommended poloniex, I think they are very laggy, and that didn't help me when I was trying to do margin trading, since I was trying to do it on fast price movements.

[holtzmann]

I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?

I would say go to poloniex, but to be honest I didn't really enjoyed doing margin trading. I prefer to choose and hold long term altcoins or BTC. I think it's less risky and it gives nice profit as well. Also, although I recommended poloniex, I think they are very laggy, and that didn't help me when I was trying to do margin trading, since I was trying to do it on fast price movements.

I was considering poloniex myself, as well as cex and coinbase. Now I am not sure about coinbase, of course. They definitely have hard times. So there are two options left - poloniex and cex.
As far as I know poloniex is among the pioneers for offering margin trading and must have won the audience’s trust. But what attracted me on cex.io is that they claim to use a risk-preventing system that protects your balance from becoming negative.

[javalemcgee]

The first key of margin trading is not starting to margin trading. No, I'm not kidding. This is the reality. Most of the margin traders are losers who lost all of their money.

[Nagadota]

Your choices are:

-Poloniex (not trustworthy, slow withdrawals and shady "DDoS attacks";
-Bitfinex (potentially not trustworthy, does not process fiat withdrawals except for very large amounts);
-Liqui.io (not trustworthy, accounts come with "interest");
-Coinbase (moderately trustworthy, but practically no customer support and some degraded services).

You have no 100% safe options. 

[recklessMe]

I was considering poloniex myself, as well as cex and coinbase. Now I am not sure about coinbase, of course. They definitely have hard times. So there are two options left - poloniex and cex.
As far as I know poloniex is among the pioneers for offering margin trading and must have won the audience’s trust. But what attracted me on cex.io is that they claim to use a risk-preventing system that protects your balance from becoming negative.

As for CEX.IO, they have another attractive option for margin trading. You can open a position with a collateral currency of your own choice.

[buwaytress]

I was considering poloniex myself, as well as cex and coinbase. Now I am not sure about coinbase, of course. They definitely have hard times. So there are two options left - poloniex and cex.
As far as I know poloniex is among the pioneers for offering margin trading and must have won the audience’s trust. But what attracted me on cex.io is that they claim to use a risk-preventing system that protects your balance from becoming negative.

Both poloniex and cex have this same risk-preventing system (some method of Proof of Solvency) - in fact, I would assume all platforms that offer margin trading have it, since it is firstly to protect themselves and the lenders, in the case of Polo.

With crypto markets extremely volatile, I would highly recommend a practice account on a forex platform first, using the same leverage, before ever trying out crypto.

[recklessMe]

Both poloniex and cex have this same risk-preventing system (some method of Proof of Solvency) - in fact, I would assume all platforms that offer margin trading have it, since it is firstly to protect themselves and the lenders, in the case of Polo.

With crypto markets extremely volatile, I would highly recommend a practice account on a forex platform first, using the same leverage, before ever trying out crypto.

I guess most traders are attracted in large part by volatility, and forget that there are actually two sides of cryptocurrency margin trading.

[mrBTCman]

Thanx for starting this, I’m interested in the topic as well.
I’ve read many reviews of different exchanges, but first-hand advice would be much better.
In case of CEX.IO, it is said they offer friendly solutions for margin trading even for beginners. Has anybody tried it?

[SCCFX]

the best placed margin trading, if you want much profit but high risk too in poloniex
because in there volume transaction is big, move price  up and down is big too

[derekz]

Don't search where start.... search how to survive..

[aishyoo17]

I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?

A friend of mine has been doing margin trade of a long time already and he advised me that if you will go on margin trade you need to be sure with your position before placing because one wrong move then you might lose your money or you will be liquidated. In short you have to be good in reading chart or at least a good trader before doing so to avoid losing money.

[derekz]

if you want leverage trading go on Forex (400-500 leverage) where the "system" is safer... if you loss, you loss for bad choice not for lag, wallet offline, Blockchain congestion, site down, scam,bitcoin crack,ecc..
In forex you can find secure stop loss (only some brokers)... here nothing is secure... the probability that you loss all is very high.

[darthmaul]

You should first learn that it is not risky, it is tricky. The risk is everywhere and you have to choose how much to take for the best possible profits. I am currently working on marine trading by investing on newly launched ICO's. These are very profitable because they are initially sold at base price with lots of giveaways and cheaper rates. When these are launched in the market their value changes and goes higher as lots of people already invest in it. This multiples the base price by 10 to 20 times higher and leaving you behind big profit as you would have invested with base price. That is just one simple trick but only works when it is ICO and it is being listed on some best wallets and exchanges around the market. This is also applicable for long term investment when you come to know that the ICO is popular and being invested regularly in the market.

[asyakashi]

The first key of margin trading is not starting to margin trading. No, I'm not kidding. This is the reality. Most of the margin traders are losers who lost all of their money.

Is it true?
I have not tried it yet.
Is there an explanation of how it works. I want to learn.

[stiffbud]

I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?

I only know that poloniex have margin trading. From what I heard it has a higher risk compared to your ol' trading. I know some people who benifit and actually are getting a lot of profit in it. The only thing I can say is, be prepare for the possible loss and only risk the money which you can afford to loose.

[iamTom123]

I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?

I would say go to poloniex, but to be honest I didn't really enjoyed doing margin trading. I prefer to choose and hold long term altcoins or BTC. I think it's less risky and it gives nice profit as well. Also, although I recommended poloniex, I think they are very laggy, and that didn't help me when I was trying to do margin trading, since I was trying to do it on fast price movements.

There must be a reason why margin trading is not that popular in cryptocurrency although some exchanges are offering the platform. And it can be because, as told by some replies here, cryptocurrency is something that is a roller coaster ride and hard to plot and predict compared to forex and commodities.

Now, I fully agree, why create a headache when in fact we can just hold onto our coins and still make money? Or just use the normal trading system in Poloniex and Bittrex there is no need to go with margin trading at all. I do bought some coins especially newly introduced ones in Bittrex and it is a good way to increase one's hoard of Bitcoin. 

[holtzmann]

I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?

I only know that poloniex have margin trading. From what I heard it has a higher risk compared to your ol' trading. I know some people who benifit and actually are getting a lot of profit in it. The only thing I can say is, be prepare for the possible loss and only risk the money which you can afford to loose.

There are actually lots of them offering margin trading if not to mention Poloniex. Among them are also CEX, Kraken, Bitfinex… That’s why I am a bit confused.

[coindag]

I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?

I only know that poloniex have margin trading. From what I heard it has a higher risk compared to your ol' trading. I know some people who benifit and actually are getting a lot of profit in it. The only thing I can say is, be prepare for the possible loss and only risk the money which you can afford to loose.

There are actually lots of them offering margin trading if not to mention Poloniex. Among them are also CEX, Kraken, Bitfinex… That’s why I am a bit confused.

Start with Poloniex for first time. Cool graphs, low rate for loans.