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Topic: Don't let Margin Trading make you poor! (Read 550 times)

sr. member
Activity: 1106
Merit: 252
Dextrust.org #Defi
October 31, 2019, 06:11:22 AM
#49
if you don't have margin trading skills, don't do it if you don't have a sudden heart attack.
margins are very high risk for beginners.
sr. member
Activity: 1092
Merit: 255
October 31, 2019, 05:52:25 AM
#48
I have researched in 2 years about trading, margin trading is too risky, I will not touch and never will. for beginners I hope you don't touch margin trading because it can make you poor in an instant, in my opinion margin trading is gambling ..!
sr. member
Activity: 1078
Merit: 256
October 31, 2019, 05:32:55 AM
#47
I am not really interested in this margin trading, really have a good experience to understand how it works to be able to do it, there are many new people interested in it. However, being an investor knows how to choose your path is my criteria.
Choosing what you understand the most is very important when investing your money. Margin trading is same thing with gambling there's still no accurate guides that will keep you in the winning position. Though some might find this style of trading as quicker way to earn if you do have good skills. but even so, you still need to make sure that you are willing to take the risk and you are willing to spare your money.
hero member
Activity: 2086
Merit: 501
★Bitvest.io★ Play Plinko or Invest!
October 31, 2019, 05:26:02 AM
#43
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.

But they satisfied that they can get easy money on this that's why they attract on it.  They greed on money but they didn't think on how they can sacrifice if they not know their limit.

In this world, if you think you are lucky then you sacrifice anything just to choose on getting much more money that you need to invest.
sr. member
Activity: 1175
Merit: 275
October 31, 2019, 05:07:08 AM
#42
Margin trading is very risky to the newbie but it is a great asset to the professionals that takes the advantage of the big cash available to make more profits.

The only well known of margin trading disadvantages is the total wipe out of investors funds ( I stand to be corrected )

The major advantage of the margin trading is the increased returns on investments, if you invest more you will earn more.

I think traders should educate themselves more and make a better use of the margin opportunity provided by binance.

jr. member
Activity: 340
Merit: 2
October 31, 2019, 05:03:27 AM
#41
I am not really interested in this margin trading, really have a good experience to understand how it works to be able to do it, there are many new people interested in it. However, being an investor knows how to choose your path is my criteria.
member
Activity: 700
Merit: 10
October 31, 2019, 04:57:16 AM
#40
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/

Margin trading, for some traders who have experienced using it might be profitable but for traders who have no experience, this will make the losses suffered even greater. Margin provides an opportunity to trade with little funds but big results but the risk is greater. For short-term traders, this is profitable.
hero member
Activity: 2562
Merit: 577
October 31, 2019, 04:14:59 AM
#39
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.

Simply put, if you don't understand it don't get involved in it, many people will want to imitate and do what other's are doing and eventually get burnt in the process, many new traders don't fully understand how margin trading work but they will go ahead anyways with little or no knowledge, it is better to be safe than sorry.
sr. member
Activity: 756
Merit: 251
October 31, 2019, 03:58:16 AM
#38
If we consider the benefit involve margin trading is good but if we look at the depth of the risk involved margin trading is not good for every trader (both experienced and inexperienced). Besides, margin trading is not even the right option now since halving is around the corner and people can easily earn enough just by holding.
It is an advantage for day traders, experienced traders already knew the risks involve, its also good for people who doesnt have a large fund they can use this to multiply their small fund.

The advantage is as high as the risks so it is still a 50:50 for me. Margin trading and its leverage opportunities are double-edged sword. We all know this. It is both an opportunity and a curse. It is a way to get big money out of small capital but it could also be a way to lose big very quickly.

You are right. If you are not an experienced trader, better stay away from margin trading. It will kill your wallet much earlier than you probably know.
full member
Activity: 1064
Merit: 101
October 31, 2019, 03:35:15 AM
#37
For most people margin trading is like nuclear energy, they hear about it and they tremble in fear. But in reality its not such a big boo hoo if you know the fundamentals of TA and if you stay in the sub 10x margin range. But of course it can be a disaster for individuals who go rogue and throw rationality in the garbage bin.
sr. member
Activity: 534
Merit: 250
October 31, 2019, 02:27:18 AM
#36
It is a very dangerous instrument, but Binance know what they are doing. They want to collect the most possible money from hamsters and there are enough people that think today is my lucky day and I will go all in for x125.
and in fact many beginner traders try margin without knowing about the science of margin trading, end up losing a lot. Maybe there are some people who have luck on margin trading at first only. This will make the trader addicted and use all their capital for margin trading.

Margin trading is only done by professionals in their fields, who are able to withstand high levels of stress with cryptocurrency voting.
full member
Activity: 882
Merit: 112
Your Data Belongs To You
October 30, 2019, 03:17:09 PM
#35
That is a huge margin ! Are you serious ,x125? The most i have seen out there is x20 and even that is something huge.
Besides, what do you mean, barrow?
You can lose much faster with marging trading but never i have seen that you can go lower than 0 in your investment.
hero member
Activity: 1834
Merit: 566
October 30, 2019, 02:49:32 PM
#34
If we consider the benefit involve margin trading is good but if we look at the depth of the risk involved margin trading is not good for every trader (both experienced and inexperienced). Besides, margin trading is not even the right option now since halving is around the corner and people can easily earn enough just by holding.
hero member
Activity: 1470
Merit: 509
October 30, 2019, 09:04:39 AM
#33
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/
Margin trading requires long-term experience and large amount of money. If you trade a small amount of money with 125x leverage, the reverse operation will immediately reduce your balance to zero. An inexperienced person should not take this risk and give superiority to learning. The 125x is so big and not appropirate for this kind of volatile market.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
October 30, 2019, 02:37:45 AM
#32
Margin trading could be dangerous for traders who cannot analyze with good. They will lose direction to predict where the market moves because they cannot analyze the market trends, and they place a wrong buy or sell. Even if we have skills to predict where the market moves, it still difficult to prevent the loss because we need to watch the market closely so we don't miss something that will happen with the market. It is right to say that margin trading can give the biggest profit, but we need to realize that besides profit, margin trading will have a high risk too. So when you want to do margin trading, you need to have skills. You can have the ability to stop the trade anytime, following the market. And don't forget to close your trade if you get a profit.
sr. member
Activity: 1330
Merit: 326
October 30, 2019, 02:33:09 AM
#31
It's not advisable to enter margin trading without a basic knowledge. Some may wrongly believe that it is a better way to sustain financial needs not knowing it can also ruined your life that easily. I have a family member who are being liquidated and loss huge amount of money. Good thing, he knows that worse comes sometimes and he was ready about that. He manage to recover immediately and did not bother to let emotions ruined his margin trades.

Anyway, x125 is appealing for others but not for me. I will not hastily do x125, it's too dangerous.
sr. member
Activity: 1624
Merit: 341
Buzz App - Spin wheel, farm rewards
October 30, 2019, 02:21:24 AM
#30
in my opinion margin trading in binance is the process of earning money faster but with a very large risk, it is very dangerous for novice traders with minimal assets, the program is suitable for those who are experienced in the field of trading and margin.
for beginners it is not recommended ,having no skill but want to earn much money using margin trading will ve very risky for them..margin trading only suitable for profesional investors / trader understand how to take profit with low margin..so it will give maximum advantages although with small balance.margin has advantages and disadvantages, it could make our balance growth massivelh but it also could make our money loss eaily.
hero member
Activity: 1666
Merit: 753
October 30, 2019, 02:12:34 AM
#29
If I'm being honest, margin trading when you don't know what the hell you're doing is probably the worst decision that you can make. More so than investing in alts blindly.

Your losses are simply magnified proportional to your leverage, which makes your trades inherently more risky. Your mindset of holding existing positions also completely change, meaning that you are now more likely to be a part of the "weak hands".

Anyhow, only do margin trading when you truly understand the product/derivative that is being traded, and have a general understanding of the market conditions. Not prior.
sr. member
Activity: 1638
Merit: 261
October 30, 2019, 02:02:51 AM
#28
in my opinion margin trading in binance is the process of earning money faster but with a very large risk, it is very dangerous for novice traders with minimal assets, the program is suitable for those who are experienced in the field of trading and margin.

Margin trading has worked in my favor as well if we are ready to take risk and there is no better platform than binancendor doing this as even I have been doing this for a while and results have been good but we need to be involves in it on real time basis.
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
October 30, 2019, 01:45:28 AM
#27
It is a very dangerous instrument, but Binance know what they are doing. They want to collect the most possible money from hamsters and there are enough people that think today is my lucky day and I will go all in for x125.

Of course they do know what they are doing! So many traders come and play margin thinking they understand the rules but they do not and they get margin call,,, bust and realize they did not do the math. To sell a product that people do not understand,,, in some countries this is highly illegal and they can get convicted by consumer bureaus.
sr. member
Activity: 826
Merit: 281
October 30, 2019, 01:01:01 AM
#26
in my opinion margin trading in binance is the process of earning money faster but with a very large risk, it is very dangerous for novice traders with minimal assets, the program is suitable for those who are experienced in the field of trading and margin.
sr. member
Activity: 868
Merit: 251
October 30, 2019, 12:39:22 AM
#25
You are not forced to trade with margin leverage x125. This is possible but this does not mean that it is profitable. Every trader should understand their risks and I have not seen a single person who would trade with such a huge margin. If you decide to take a risk then you can go to Las Vegas and spend your credit beautifully.
full member
Activity: 840
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Oikos.cash | Decentralized Finance on Tron
October 29, 2019, 01:17:04 PM
#24
everyone acts in relation to their readiness. if a beginner wants to trade with a leverage of 125, then this is his decision. most likely he will lose everything, but we cannot think for other people
sr. member
Activity: 1190
Merit: 306
October 29, 2019, 12:56:33 PM
#23
So Binance introduced margin trading up to x125!
Being able to trade with that much leverage is dangerous for people.  I do think it should be allowed, because I believe in freedom of personal choice, but I don't think most traders are aware of how risky it is.  Especially when trading cryptocurrencies, which have got to be even more volatile than penny stocks.  It's so easy to either get a margin call or have your position wiped out if the market turns against you, and you could lose everything in the blink of an eye.

But most people I know who are into trading are gamblers at heart, and the potential to make outsized profits is also immense.  I'm sure lots of them have gotten rich trading on margin, but I'm also fairly sure that some of them have ended up in the poor house as a result.
hero member
Activity: 1083
Merit: 503
October 29, 2019, 12:54:40 PM
#22
trading without margin have a risk, especially trading with margin, its really high risk. the crypto market is really volatile. only experienced and the "gambler" will be brave in margin trading especially with 125x laverage.  Grin
member
Activity: 798
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October 29, 2019, 12:44:26 PM
#21
Margin trading is a sweet bitter ending story. For every newbie or non professional trader, margin trading should be far from you. We see the huge gain and we forget the risks involved even after a loss we still embark on it in hopes to close a successful trade and make up for our loses. Margin trading is not what it sounds to be.
copper member
Activity: 280
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October 29, 2019, 11:45:46 AM
#20
It is a very dangerous instrument, but Binance know what they are doing. They want to collect the most possible money from hamsters and there are enough people that think today is my lucky day and I will go all in for x125.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
October 29, 2019, 10:28:10 AM
#19
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/

As long as you know what to do related to margin trading and you have skills to do margin trading, I think that will not be a problem. You will have extra care to trade because the leverage is too high, and I think you will analyze deeper before you trade so you can prevent the loss. Bitcoin lending will be a way to get another money from the traders because there will be many traders who need more bitcoin to trade. But yes, without knowing about margin trading, then that will be a suicide, and that will be a fast way to lose the money.
full member
Activity: 540
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October 29, 2019, 09:45:25 AM
#19
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.
Misconception and lack of information why there are traders whobare believing to it. It is a rwality that there is no guarantee of returns in leveraging your funds. That's why it is better to stay away with margin trading.
sr. member
Activity: 602
Merit: 253
October 29, 2019, 09:36:05 AM
#18
x125? Like seriously?
Margin trading is no joke, it's not a place for a beginners should do. They did not know how high the risk of losing their money in the process.
One of the people I know tried margin trading and he lost 70% his money, and I could say it's quite a big sum of money he lost.

Even I'm afraid to put too much money on it, true, we could earn quite the profits but on the other hand, nu uh. You could lose everything in an instant.

I hope more people will have more awareness about this thing, not only thinking with their emotions.
legendary
Activity: 3038
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Leading Crypto Sports Betting & Casino Platform
October 29, 2019, 09:20:03 AM
#17
Has someone actually made money with 125x leverage? It sounds like a huge gamble where you can get liquidated pretty easy. If anyone know anyone with a proof for actually pulling those trades off, i am interested to learn from that. On Bitmex, every 100x i have made has been a loss for me, even if i pretty much were sure about the strategy there are always some zigzag wicks that destroys all longs and losses for me.
member
Activity: 252
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CryptoTalk.Org - Get Paid for every Post!
October 29, 2019, 08:52:16 AM
#16
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/

Had to login to Binance and check and it's true! x125 margin is insane. I really do hope more people ready your article and be informed of doing margin trades. It's a very risky play that could bring you amazing profit but at the same time send you running home with nothing to show for.

My only concern is, why is your blog post about lending, when we are talking about margin trading?
hero member
Activity: 2156
Merit: 531
October 29, 2019, 08:21:09 AM
#15
will not want to do margin trading again ,a long time ago I use it for trading on forex market for some reason lost what is that I don't care now and had to pay up hundreds of dollars ,I was angry with the service provider because I was too stupid to understand it have given up on understanding too what interest rates are not clear ,so far away I quit from this option better manually trade with much funds as I can
jr. member
Activity: 552
Merit: 1
October 29, 2019, 08:08:30 AM
#14
The exchange introducing margin trading, does not care what happens to investors or traders that are involved. Although, the returns promised might be very high and will look attractive, but larger number of the people who lose are much more than those who gain.
sr. member
Activity: 812
Merit: 257
October 29, 2019, 07:44:22 AM
#13
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/
margin trading has been around for a long time in the world of trade, for those who are accustomed to forex trading, of course, are already familiar with the term margin trading, but for trade crypto it is something new, although margin trading can increase the strength of capital to achieve greater profits, but the risk is also greater, not recommended for beginners, I myself do not like the existence of margin trading.
sr. member
Activity: 857
Merit: 262
October 29, 2019, 07:41:53 AM
#12
If margin trading can make us poor, then how can we manage margin trading, so that everyone can become rich? because every trade is an act of thought on everyone, then obviously everyone does not want to be poor when trading.
You need to have your trading strategies, money management, and discipline and also people using margin trading should use logical thinking because i think most people would be trading based on their emotions which can lead them to frustration when things doesn't go well, they end up catching their losses.
yep keeping emotion in check is the most important rule of trading. theres another issue with leveraged trading - empty books and huge risks of liquidations. its a good tool to have, not necessarily to use now though:)
sr. member
Activity: 1064
Merit: 253
October 29, 2019, 07:23:09 AM
#11
If margin trading can make us poor, then how can we manage margin trading, so that everyone can become rich? because every trade is an act of thought on everyone, then obviously everyone does not want to be poor when trading.
You need to have your trading strategies, money management, and discipline and also people using margin trading should use logical thinking because i think most people would be trading based on their emotions which can lead them to frustration when things doesn't go well, they end up catching their losses.
hero member
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October 29, 2019, 06:57:25 AM
#10
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.
You're right with what you said cause we have a situations where some traders have absolutely small knowledge about margin trading but even experience traders suffer a great lost sometimes either and I believe the uses of margin trading is an act of impatience cause it better to trader with the money ones have than lending.
sr. member
Activity: 1274
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1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
October 29, 2019, 06:40:22 AM
#9
Margin Trading is for highly experienced crypto traders who are courageous enough to bear all the risks of having their funds liquidated at any point in time. If you are not experienced enough i would not advise you to go into this sort of trading. Greed is what kills most investors who go into margin trading. Why would you trade with such a huge margin of x125? No experienced trader would make this call, unless a newbie trading with $50 who wants to make $10Ks in a short time Grin
sr. member
Activity: 1078
Merit: 250
October 29, 2019, 06:35:27 AM
#8
Margin is a new iteration of casino and this is not so obvious. This is very risky especially with btc volatility
If margin trading can make us poor, then how can we manage margin trading, so that everyone can become rich? because every trade is an act of thought on everyone, then obviously everyone does not want to be poor when trading.
hero member
Activity: 2268
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Vave.com - Crypto Casino
October 29, 2019, 06:23:22 AM
#7
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. 
member
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October 29, 2019, 05:57:29 AM
#6
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.
sr. member
Activity: 1624
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Buzz App - Spin wheel, farm rewards
October 29, 2019, 05:54:54 AM
#5

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.
legendary
Activity: 1512
Merit: 1011
October 29, 2019, 05:46:37 AM
#4
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.
jr. member
Activity: 109
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October 29, 2019, 04:29:08 AM
#3
Margin is a new iteration of casino and this is not so obvious. This is very risky especially with btc volatility
hero member
Activity: 812
Merit: 503
October 29, 2019, 04:27:27 AM
#2
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.
jr. member
Activity: 48
Merit: 10
October 29, 2019, 04:11:15 AM
#1
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/
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