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February 11, 2015, 04:22:38 AM Last edit: February 11, 2015, 04:36:15 AM by blingow |
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I have some questions about leverage trading.
1. Which is the best site for bit coin trading with leverage ?
2. Let's say that I deposit 1000 $ in an bit coin exchange and leverage them with 10 x to 10 000 $. At this time of my purchase the BTC/USD is 200 $. So with 10 000 $ I can get 50 Bitcoins. Let's assume that the next day the rate is 210 $. If I sell this 50 coins for 210 $ . Does this means that I get 10 500 $.
How much is my profit in this case ? How much do I need to return for the leverage service ?
3. Another scenario, this time we play with the idea that the price is going down. Let's say I deposit 1000 $ and leverage them to 10 000 $.At the time of my purchase the rate is 200 $ ( so I can buy 50 coins ) , and the second day the rate is 150 $. That means that if I sell them I'll only get 7500 $.
How much is my loss here ?
I read that the exchange can close my account if the loss is high. When exactly to they do that ? I mean the bitcoins are fluctuating a lot, sometimes the price can go down with 10 $ for a couple of minutes and then return back to normal. Can they close my account even though I haven't sold the coins ? I mean if I haven't sold the coins, then there's theoretical no loss made.
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