Seen those insane leverages above, like 200x or 100x did you tried smaller leverages and doing more trades on a day?
I have peeked a glance across the webpage, realising that Fees will affect long time running orders quite steadily. So short & intense prefered from that point of view.
But I am into this to reach out into the commodities, arriving from Bitcoin.
I have peeked a glance across the webpage, realising that Fees will affect long time running orders quite steadily. So short & intense prefered from that point of view.
But I am into this to reach out into the commodities, arriving from Bitcoin.
I am little bit out of trading at the moment as I am busy with some other projects. Yes, those high leverages are not recommended for the long term at all. I have tried some small trades (3 or 4 a day) with lesser leverage and the result was average as compared to that of high leverage trades (sometimes I lost 100% of capital in these high leverage trades but since I trade smaller amounts, it was not as that hard). High leverage gives extraordinary results in positive cases and extraordinary pain in negative cases.
Those pains can exceed the deposit amount. The trouble about "commodities" is long timespan hodlings. Talking crude oil, silver, gold. Initially wanted to branch out from "our digital gold" and hodling 1 BTC doesn't cost me anything a day, kinda used to it. Using 1broker on crude without leverage, for storing some barrels of oil (on paper only) let's say half a year? Will fees just devore it?
The black gold will move due to the political changes in the United States. Up or down cannot say from now, next 4 weeks should draw a clearer picture.
Guess I'll have to transfer some BTC into Fiat and employ a classical broker service, sighs!
We should understand that the things are in initial phase and such services (especially where there is kind of monopoly) would charge some amount which might be more than that of in fiat currencies so I think for short term trades, bitcoin is good option but I haven’t tried it for long term especially in trading commodities or stocks, forex etc. I think it’s all about experiments, faith and risk bearing capacity.
