Binance Margin Trading is not working

Bitcoin_Arena

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฿itcoin for all, All for ฿itcoin.

Quote from: MellowThemes on December 28, 2020, 10:33:45 PM

I invested $50. Unfortunately I trade in loss. So my account balance is gone down to below $10.
Now my account balance is only below $10. Is it a problem ?

The only problem you have here is you lost about $40 but now this all depends on how you take the loss. As a lesson learned or as something that will hinder you from trading further in the future.

One thing I will surely tell you, is that in trading, you will always lose money along the way especially when you are still a beginner. That why it's necessary to always use money you can afford to lose just in case things don't go well.

MellowThemes

newbie

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Quote from: jackg on December 28, 2020, 02:50:17 PM

You'll probably get. A more accurate response contacting binance support.

Aside from that, have you definitely lent the money for the margin? You can check your history on this and see if you have. I can't think of a reason this'd have happened.

I invested $50. Unfortunately I trade in loss. So my account balance is gone down to below $10.
Now my account balance is only below $10. Is it a problem ?

Bitcoin_Arena

copper member

Activity: 2128

Merit: 1814

฿itcoin for all, All for ฿itcoin.

I mostly do futures which I am more familiar with when it comes to shorting and longing. Binance's margin trading is a little confusing to me especially with the borrowing and repaying bit.

On the part of varying profits or losses, have you tried to put into consideration the funding fee and commissions?
Try checking the transaction history under the trading to exactly what has been going on with your past open and closed postions

jackg

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https://bit.ly/387FXHi lightning theory

You'll probably get. A more accurate response contacting binance support.

Aside from that, have you definitely lent the money for the margin? You can check your history on this and see if you have. I can't think of a reason this'd have happened.

MellowThemes

newbie

Activity: 14

Merit: 1

Hello Friends,

I have a big problem with Binance margin trading. If I am trading in Isolated 3x margin trading, I am only getting 1x profit. Which is same as regular trading. Here I am describing with a example, which is Ripple/BTC. (XRP/BTC).

For Eg : XRP/BTC (Ripple/BTC)

Margin Buy price = 0.00001000
Margin Sell price = 0.00001050

Here I earned 5% profit. So I have right for earn 5% x 3x = 15%
But I am getting only 5% as regular trading. Not getting 15%.

I also tried with 5x and 10x. I can borrow 3x, 5x, and 10x. I can borrow funds. But getting result same as regular trading (1x).

I invested $50. Unfortunately I trade in loss. (Margin) . 1 time liquidation happend. So my account balance is gone down to below $10.
Now my account balance is only below $10. Is it a problem ? Any minimum amount required for doing margin trading ?

Anybody facing this problem? What are the problems behind it ? Please share your opinios and experinces.

Topic: Binance Margin Trading is not working (Read 117 times)