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Topic: Is margin trading worth checking out? - page 2. (Read 981 times)

member
Activity: 596
Merit: 10
July 07, 2019, 05:14:26 PM
#79
I myself have not tried using margin trading, but I was interested. I read that many very successfully traded in this way. So you can try. It is always useful to learn and learn something new.
hero member
Activity: 1568
Merit: 544
July 07, 2019, 02:38:35 PM
#78
Before you try margin trading, it is better you try normal trading until you understand the basic of trading so you won't feel confused or difficult to do margin trading. Margin trading will more complicate than the normal trading and it needs more skills to predict where the price wants to move and it's not easy to predict on that. So make sure you know how to do normal trading, learn more about trading, and if you feel that you are ready to try margin trading, then you can go with that but make sure you don't use big money in the early trade.
So in short instead of predicting a swing of X% your going to aim on far smaller spikes and drops movements what brings the bigger risk.
hero member
Activity: 2912
Merit: 556
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July 07, 2019, 02:12:43 PM
#77
Before you try margin trading, it is better you try normal trading until you understand the basic of trading so you won't feel confused or difficult to do margin trading. Margin trading will more complicate than the normal trading and it needs more skills to predict where the price wants to move and it's not easy to predict on that. So make sure you know how to do normal trading, learn more about trading, and if you feel that you are ready to try margin trading, then you can go with that but make sure you don't use big money in the early trade.
member
Activity: 350
Merit: 10
July 07, 2019, 12:55:32 PM
#76
since the cryptocurrency market is still young, users will still improve the beds and invest correctly.  Through Victory and error, we all gain experience, but since there is a great desire to make a good profit, then each of us tries any type of trading, including margin trading.  Although risk is always present everywhere.
hero member
Activity: 1120
Merit: 553
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July 02, 2019, 08:30:09 PM
#74
Just like the crypto exchanges, we also invest and trade an amount that we could afford losing. But what are your thoughts about margin trading? Is it ideal for crypto day trading?
Margin trading is quite complex compare to market based trading as you're able to borrow money for your position from a third party hence it's riskier; you need to be more precise in your decision making. It's quite ideal in crypto but I would stick in market based trading for now as the volitality of the market is enough for me to make a decent profit.
hero member
Activity: 2884
Merit: 794
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July 02, 2019, 12:15:07 PM
#73
If you're gonna be a pro trader and work with large amounts, then yes.
That would be an illogical decision. There is no hard and fast rule that a person with large amount of money should try margin trading. Rather its the opposite, because you would want to save your money from getting burnt if you care for it.

Definitely if you are big whale then this question does not arise, however for those who are hoping to monetize their own pump/dumped market manipulations should do so with a huge bag of money as backup in case things go wrong. This is not something that the average trader would be able to do so I stand against it generally.
I am also against margin trading especially in this market, it is as if the volatility of this market is not enough for people and they want even more risk, it is true we need the volatility in order to make money in whatever market we choose but when I see people margin trading I do not see them reducing their position size so their exposure to the market is smaller in case things go wrong and when they do, and they will if you keep trading, one single loss is enough to wipe their capital completely and then they try to blame the exchange for their lousy money management skills.
full member
Activity: 434
Merit: 102
July 02, 2019, 06:49:00 AM
#72
Hello everyone!

I’ve been trading in some few exchanges (e.g., Binance, Okex, Mercatox, MetaMorph Pro, etc.) from time to time. However, there’s something that I want to explore.

Recently, I’ve met a couple of guys who is promoting a margin trading platform. It’s the first time I’ve encountered a margin trading platform, and they said that it does not have the open orders feature like most crypto exchanges have.

Just like the crypto exchanges, we also invest and trade an amount that we could afford losing. But what are your thoughts about margin trading? Is it ideal for crypto day trading?

I would love to hear your thoughts or opinion regarding margin trading. Thanks in advance.
It's good to try out new things, but not the ones that are going to land you in very big problem. Have you read about margin trading to understand everything about it and how it works, margin trading is a very difficult kind of trading, so it is something that you will have to learn very well in order to understand it. I have seen a lot of people that got themselves involved in margin and they all ended up in losing and it was even worst for them. It's better for you to continue your normal trading with an amount that you can afford to lose. But if you think you have knowledge in margin trading and you can do it, then it's up to you to try.
legendary
Activity: 2338
Merit: 1124
July 02, 2019, 03:30:16 AM
#71
Trying new things will not harm you but as many people have advised, you need to have a control. If it is under a MUST you want too experiment with this margin trading, I will employ you to start with a little money that if you eventually lose, it will not affect you financially.
sometimes many people try margin trading but have no control, and that will disrupt financially. I think this is a big job for traders before making margin trading it would be nice to make careful planning and of course good control.
Self-control is really difficult to have when it comes to margintrade, and because the more you see the opportunity in margintrade, the more you are tempted to make a move that could really go wrong with the trade completely. One of the easiest way to have self-control in trading is to by all possible means avoid anything that will get you involved in merging trade, because it is really difficult to control.

Margin trade can only be risked by trader that have so much money to gamble with, and may not be affected that much if they make a mistake that will end their trade, but if an ordinary person tries to apply margin trade, I would say that it is going to be a game of luck for such trader, and only luck could help him have a successful trade using margin trade.
hero member
Activity: 2352
Merit: 594
July 02, 2019, 02:02:26 AM
#70
Margin trading is good but it has a lot of risks compared to ordinary trading. You can lose or earn profit in less than a minutes. You must study well how to trade before going into margin trading. I know some people quit on it because losing feels like your money instantly disappears.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
July 02, 2019, 01:21:02 AM
#69
sometimes many people try margin trading but have no control, and that will disrupt financially. I think this is a big job for traders before making margin trading it would be nice to make careful planning and of course good control.
Planning out a good control is a false thinking here. Once you start margin trading you would know how much stressful it is for the trader both mentally and physically. If you want to remain sane and earn money you should look for other sources of earning. When you take a loan to put on a leverage you are risking your money like anything. Moreover there is the constant pressure of being liquidated and that needs you to pay fees to keep your positions open. Keep losing sleep there and soon your own health will deteriorate.

Being a broker here is nothing different. Unless you find out a method to automate such brokerage. But that is another topic altogether.
hero member
Activity: 2954
Merit: 683
June 29, 2019, 07:11:11 PM
#68
Usually it have bigger gap between local exchange with international exchange.
You can earn profit but of course, it require right time and some effort which IMO wasting your time if you're only focus on this thing !
It's better if you can do it altogether  Wink
Time is crucial with this kind of activity where you would need to sell off on an exact time to utilize up the gap which would generate out profit.

These situations are not common,so having these chances is really seldom but it wont really be that easy to be done because if you
are late on making everything then instead on earning you would rather loss up money.
full member
Activity: 827
Merit: 100
June 29, 2019, 07:53:40 AM
#67
Trying new things will not harm you but as many people have advised, you need to have a control. If it is under a MUST you want too experiment with this margin trading, I will employ you to start with a little money that if you eventually lose, it will not affect you financially.
sometimes many people try margin trading but have no control, and that will disrupt financially. I think this is a big job for traders before making margin trading it would be nice to make careful planning and of course good control.
legendary
Activity: 2030
Merit: 1028
June 29, 2019, 07:17:56 AM
#66
Usually it have bigger gap between local exchange with international exchange.
You can earn profit but of course, it require right time and some effort which IMO wasting your time if you're only focus on this thing !
It's better if you can do it altogether  Wink
hero member
Activity: 1190
Merit: 541
June 29, 2019, 06:30:15 AM
#65
I have only done margin trading one time,  that was 4-5 years ago, and that was with the stock market, it works good for a few days but then I got liquidated and lost everything. With the huge movement in crypto, changes for being liquidated is much higher. So if I was you I would not go into margin trading with crypto.
crypto margin trading is indeed at risk. it does not have strong confidence to be able to survive long-term in generating profits. I was also offered many times to join margin trading but I refused because I was not sure about that.
I think the best decision you ever made was to stay off margin trade, margin trade could really be quite tempting mate if you consider the opportunity giving to you to leverage, and leveraging could make you the millionaire you have ever dreamed of, but practically, the risk in margin trade is just too much, although it may be worth risking, but better to risk with little money and at the same time, not to be too greedy about leveraging.

If any trader is to margin trade at all, he or she has to learn to always apply very low leverage to trade, it is safer to use a low leverage than to use a very high leverage that could destroy one’s investment at any point in time of the trade without much preparation.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
June 29, 2019, 05:39:10 AM
#64
Trying new things will not harm you but as many people have advised, you need to have a control. If it is under a MUST you want too experiment with this margin trading, I will employ you to start with a little money that if you eventually lose, it will not affect you financially.
I am sure you are commenting without knowing even a little bit about what margin trading is. Please stop doing so and giving wrong advice to newbies. This is the reason many people get burnt in crypto and other speculative market because they are over-enthusiastic and willing to jump into every money earning method they can find.

crypto margin trading is indeed at risk. it does not have strong confidence to be able to survive long-term in generating profits. I was also offered many times to join margin trading but I refused because I was not sure about that.
It may be able to generate long term profits but that is a different issue. For someone who is new to the market they should focus on spot trading to understand how the market works and how to manage their money. Margin trading is for the experienced whales who manipulate the market and move it according to their will.
sr. member
Activity: 2506
Merit: 368
June 26, 2019, 06:08:17 PM
#63
I have only done margin trading one time,  that was 4-5 years ago, and that was with the stock market, it works good for a few days but then I got liquidated and lost everything. With the huge movement in crypto, changes for being liquidated is much higher. So if I was you I would not go into margin trading with crypto.
crypto margin trading is indeed at risk. it does not have strong confidence to be able to survive long-term in generating profits. I was also offered many times to join margin trading but I refused because I was not sure about that.
Good thing you follow your guts to always avoid something that you don't understand. Margin trading may be a good thing to get a good profit but it is also too risky to handle. It would require immense knowledge and experience for someone to easily pull off a simple trade especially in crypto which has strong volatility.
full member
Activity: 1316
Merit: 104
CitizenFinance.io
June 26, 2019, 12:04:46 PM
#62
Trying new things will not harm you but as many people have advised, you need to have a control. If it is under a MUST you want too experiment with this margin trading, I will employ you to start with a little money that if you eventually lose, it will not affect you financially.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
June 26, 2019, 11:48:40 AM
#61
If you're gonna be a pro trader and work with large amounts, then yes.
That would be an illogical decision. There is no hard and fast rule that a person with large amount of money should try margin trading. Rather its the opposite, because you would want to save your money from getting burnt if you care for it.

Definitely if you are big whale then this question does not arise, however for those who are hoping to monetize their own pump/dumped market manipulations should do so with a huge bag of money as backup in case things go wrong. This is not something that the average trader would be able to do so I stand against it generally.
full member
Activity: 1316
Merit: 126
June 22, 2019, 01:27:59 PM
#60
Margin trading is risky if you are not that experienced in trading since you can borrow money and trade higher than you actual asset. This could bring you a lot of profit if you can predict the price properly, on the other hand the risk is you can lose more money. Just stick to what you are used in doing first, and do not rush things out.

Yes, I agree it is very risky especially to unexperienced trader depending on the margin or leverage they put on it. Margin trading is good because it will help increase your funds by borrowing and if you predict correctly then you will win big but if you mess up then it would be a big problem. In my opinion, better do the regular trading because it has lower risk than margin trading.
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