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April 06, 2018, 05:09:50 AM |
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I trade at Bitfinex, I just started margin trading as my initial investment is reduced to 1/4 of initial total.
I borrow money there at 1:3.33 and trade with it.
Question # 1: There must be some interest rate or something like that which I have to pay extra on the borrowed amount but I never knew how much is it. and for how long I can hold that amount, not to incur further loss on paying that interest.
Q # 2: For example I had $100 and I bought 3 LTC with it @ 116$/LTC with leveraged fund. I put sell order @ 120$/LTC and clicked "calculate max. sell". There I was able to sell 5.6 LTC whereas I possessed only 3 LTC. It got me confused.
Furthermore, My sell order executed @ 120$ but it said my position was still open, and when I closed it, it actually executed @ 119$ rate and I got very little profit. I cant understand what happened there. Please help.
Thanking you in anticipation.
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