I also do not advise anyone to use margin trading. This can only be done by real professionals who have worked more than 10 years in the market. Because margin trading for newcomers is a common lottery in which new traders always lose.
If you yourself do not know how to trade, then read more articles. For example, I use the Neironix because there every day there is a quality technical analysis and market review. Yes, and on the news there you can trade
It is not even about being a professional trader, margin trade is generally a risky trade and I would not advise someone to go for it, although we have so many people that are in experience about this, so they will not understand this until they try it themselves and then fail, maybe then, they will learn from their mistake.
I remember that I never listened to people’s advice about going for margin trade and the worst thing about mine is that I was even greedy about my own leverage which I really leveraged high till I lost thousands of money to Forex trading and when I heard that they introduced margin trade to cryptocurrency also, I ran away from it like my dear life was at stake because I knew the experience I had passed through in Forex.
The fact of the matter is that people learn mainly from their mistakes.
It’s hard to learn from someone else’s experience, it’s much easier to try it yourself. After all, until you get burned, you won’t know what is really hot, no matter what you are told.
Therefore, the simplest and relatively safe method is to test margin trading with a very small amount, or you can use a demo account (for example, on paper).
Just to understand how difficult and risky the game is. It is better to take some money that you are ready to lose, and experiment with margin trading.
Thus,
you will control the process, and not the process will control you.