Don't let Margin Trading make you poor! - page 3.

posi

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Quote from: key4co.in on October 29, 2019, 04:27:27 AM

Quote from: BitcoinYu on October 29, 2019, 04:11:15 AM

So Binance introduced margin trading up to x125! Great for some, horrible for most. Why? Because this is an open market and people without experience can actually go ahead and borrow Bitcoin without knowing half of what's going on.

For that reason, I wrote an article to give a good introduction to margin trading, Bitcoin lending, as well as Bitcoin borrowing (if you wanna make some passive income). It's by no means that the best post on the topic, but it does give a really good overview.

You can read it here and decide if going down the margin road is the best thing you can do: https://paybis.com/blog/bitcoin-lending/

So many new traders get excited about margin trading without understanding the risk involved. Leveraging your funds is no guarantee to make gains, you can lose your entire holdings if you are not careful. There was rumour early this year about a Chinese trader who committed suicide after losing a whooping sum via margin trading, I'm not saying it's not cool, I mean it's important to understand the nitty-gritty before delving in.

Im my opinion,margin trading confers awesome profit and it also like gambling cause it a scheme will always enrich the brokerage or the exchange but put the traders into greater risks. However, the Chinese trader who committed suicide due ti margin trading is a genuine news not a rumor.

Byakuga

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Quote from: BitcoinYu on October 29, 2019, 04:11:15 AM

So Binance introduced margin trading up to x125! Great for some, horrible for most. Why? Because this is an open market and people without experience can actually go ahead and borrow Bitcoin without knowing half of what's going on.

For that reason, I wrote an article to give a good introduction to margin trading, Bitcoin lending, as well as Bitcoin borrowing (if you wanna make some passive income). It's by no means that the best post on the topic, but it does give a really good overview.

You can read it here and decide if going down the margin road is the best thing you can do: https://paybis.com/blog/bitcoin-lending/

Every investment or profit making opportunities are always risky, people who use margin trading with zero knowledge about how it works are to be blame for their actions, since few people are making money out of it means its legit.

NewRanger

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margin trading, or leverage on the forex market has two sides of a coin. one side will greatly benefit the trader, where he could open a transaction with a larger fund to maximize profits. but on the other hand, large losses at any time can threaten us if we open a wrong transaction. We must wisely use this margin and dont ever use large leverage / margin.

BigBoy89

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Quote from: BitcoinYu on October 29, 2019, 04:11:15 AM

So Binance introduced margin trading up to x125! Great for some, horrible for most. Why? Because this is an open market and people without experience can actually go ahead and borrow Bitcoin without knowing half of what's going on.

For that reason, I wrote an article to give a good introduction to margin trading, Bitcoin lending, as well as Bitcoin borrowing (if you wanna make some passive income). It's by no means that the best post on the topic, but it does give a really good overview.

You can read it here and decide if going down the margin road is the best thing you can do: https://paybis.com/blog/bitcoin-lending/

I appreciate having a margin options. But not as crazy as x125.

If you know what you are doing, trading on margin is much more profitable. But like any other power tool, margin should be used very cautiously - like x5, not x125.
My standard margin ix x3 - x5 and in very rare occasion x10. When you remove all the trading fees, lending fees, etc. it's x3.54 more profitable in my case.

Lance203sin

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Margin is a new iteration of casino and this is not so obvious. This is very risky especially with btc volatility

key4co.in

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Quote from: BitcoinYu on October 29, 2019, 04:11:15 AM

So Binance introduced margin trading up to x125! Great for some, horrible for most. Why? Because this is an open market and people without experience can actually go ahead and borrow Bitcoin without knowing half of what's going on.

For that reason, I wrote an article to give a good introduction to margin trading, Bitcoin lending, as well as Bitcoin borrowing (if you wanna make some passive income). It's by no means that the best post on the topic, but it does give a really good overview.

You can read it here and decide if going down the margin road is the best thing you can do: https://paybis.com/blog/bitcoin-lending/

So many new traders get excited about margin trading without understanding the risk involved. Leveraging your funds is no guarantee to make gains, you can lose your entire holdings if you are not careful. There was rumour early this year about a Chinese trader who committed suicide after losing a whooping sum via margin trading, I'm not saying it's not cool, I mean it's important to understand the nitty-gritty before delving in.

BitcoinYu

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So Binance introduced margin trading up to x125! Great for some, horrible for most. Why? Because this is an open market and people without experience can actually go ahead and borrow Bitcoin without knowing half of what's going on.

For that reason, I wrote an article to give a good introduction to margin trading, Bitcoin lending, as well as Bitcoin borrowing (if you wanna make some passive income). It's by no means that the best post on the topic, but it does give a really good overview.

You can read it here and decide if going down the margin road is the best thing you can do: https://paybis.com/blog/bitcoin-lending/

Topic: Don't let Margin Trading make you poor! - page 3. (Read 561 times)