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Topic: Is margin trading worth checking out? - page 4. (Read 1012 times)

jr. member
Activity: 112
Merit: 1
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June 09, 2019, 07:11:21 PM
#39
margin trading for crypto is not really worth the hassle. I mean, there are people that do it. But you really don't need to margin trade in crypto in order to make it. margin trading in crypto is way riskier than traditional investments because crypto is too volatile. in forex for example, some pairs see only a 0.5% move for a whole day. this low volatility gives forex traders the luxury to use large leverages. However, some cryptocurrencies go 100% or more a day. this means that even leverage of 1:2 could easily stop you out if you are on the wrong side. Be sincere, how many of you have actually made money in bitmex in the long run? Don't margin trade in crypto because you don't need to. the volatility of the crypto markets is enough risk for your account, even without margin. You shouldn't jeopardize your account by using margin for crypto, because trust me, you will make more money with a pure account in the long run than with a leveraged one
full member
Activity: 868
Merit: 185
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June 09, 2019, 06:32:42 PM
#38
Everything under the market or exchange should be emphasizes and look. Charts, bid and selling price must be seen and observe because they are important aspects that might help us. Margin trading must be uses also. It will help to earn. However, using of that strategy is risky. Because if you don't know how to use it then you just wasting your capital.
member
Activity: 602
Merit: 10
June 09, 2019, 01:53:19 PM
#37
I have also heard a lot about this. Margin trading is really scary and if but we can't get a lot of experience in risk management, it's really easy to lose more than 50% of the capital or even 100%.
I have also heard many professional traders who have lost a lot in 2018. It is really a game of chance and we should not participate.
I watched a trader live who did margin trading in around late 2017 when the bitfinex crash occured. He lost probably 2 million of dollars in a blink of an eye, erasing all his BTC and altcoins and leaving him with about -100k balance at his main account. This guy started to cry in front of the camera ... So margin trading may make you rich, but it may devastate you in no matter of time, too.
I agree with you that trading carries enormous risks.  But I would like to note that all activities regarding cryptocurrency are very complicated and it is very difficult to earn income without risk.  Not only traders, but also investors lose their money.  If we talk about betfinex, then we can recall the theft and hacking of wallets in August 2016.  And if we talk about bad investments, then we can recall the end of 2017, when many people sold their property, just to invest money in Bitcoin.  The results are already known to all, when in 2018 the market fell.
legendary
Activity: 2296
Merit: 2721
June 09, 2019, 01:45:43 PM
#36
I have also heard a lot about this. Margin trading is really scary and if but we can't get a lot of experience in risk management, it's really easy to lose more than 50% of the capital or even 100%.
I have also heard many professional traders who have lost a lot in 2018. It is really a game of chance and we should not participate.
I watched a trader live who did margin trading in around late 2017 when the bitfinex crash occured. He lost probably 2 million of dollars in a blink of an eye, erasing all his BTC and altcoins and leaving him with about -100k balance at his main account. This guy started to cry in front of the camera ... So margin trading may make you rich, but it may devastate you in no matter of time, too.
pey
sr. member
Activity: 546
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June 09, 2019, 01:45:05 PM
#35
Margin trading is actually a great tool for those who can take advantage of it. But if you don't know how to use it efficiently, you can lose lots of money it would be like gambling.
member
Activity: 338
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StartFi
June 09, 2019, 12:17:37 PM
#34
Margin trading can make you bankrupt in no matter of time. One lost trade where you went all in and its over. Its definitly another beast than standard trading, you should definitly know what you are doing. There are lots of vids showing "pro" traders who lost everything due to a missplaced trade ... all in a blink of an eye. Just watch them to get a feeling what margin trading means.
I have also heard a lot about this. Margin trading is really scary and if but we can't get a lot of experience in risk management, it's really easy to lose more than 50% of the capital or even 100%.
I have also heard many professional traders who have lost a lot in 2018. It is really a game of chance and we should not participate.
legendary
Activity: 2296
Merit: 2721
June 09, 2019, 09:16:57 AM
#33
Margin trading can make you bankrupt in no matter of time. One lost trade where you went all in and its over. Its definitly another beast than standard trading, you should definitly know what you are doing. There are lots of vids showing "pro" traders who lost everything due to a missplaced trade ... all in a blink of an eye. Just watch them to get a feeling what margin trading means.
member
Activity: 630
Merit: 10
June 09, 2019, 08:37:09 AM
#32
Reality Recently, even Forex has become fascinated with cryptocurrency, but today I consider the best option for quick earnings, this is options trading.  It is very good that today this sphere of activity is broken and there are more such trading platforms.
full member
Activity: 770
Merit: 126
June 07, 2019, 12:59:57 PM
#31
Crypto currency Margin trading is a good one and some how easy to make profit particularly for those who have good knowledge of such trading from Forex trading, this is so because it involves a lot of technical analysis before one can make good profit from margin trading. So, if you want to give it a try then you have to grounded in technical analysis.
legendary
Activity: 2898
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So anyway, I applied as a merit source :)
June 07, 2019, 12:13:20 PM
#30
Margin trading is worth to try, but only if you have skills because margin trading will be too difficult to do. I already try margin trading, and it's not as simple as the usual trading, we need to have more information related the coin, we need to have skills to analyze the price deeply so we can detect where the price wants to move. But I think it could be done by practicing more and more, especially if we are not stopped from learning on margin trading.
What you are talking about is spot trading and not margin per se. Margin trading needs you to correctly predict the price of coins and you are given a loan in the form a margin from the site in order to use that to make a fortune.

This may seem very enticing but the truth is that margin trading is very risky and newbies who fall for that money making scheme only end up broke. If you have experience in it then by all means do participate in it. But if you are new to trading then go for spot trading. Learn the basics first about spot trading and then you will understand how risky margin trading actually is.
member
Activity: 434
Merit: 34
June 05, 2019, 09:32:00 AM
#29
Definitely, it does. I almost always open the positions with different kinds of leverages
It also helped me to leave the job and get unlimited profits - here you can see the deals I make and almost each is a leveraged one. The major point here is to comply with risk and money management

https://bitcointalksearch.org/topic/i-quit-my-job-to-do-full-time-crypto-trading-made-12-btc-profit-last-month-5146383
member
Activity: 476
Merit: 12
June 05, 2019, 05:36:27 AM
#28
Margin trading is worth to try, but only if you have skills because margin trading will be too difficult to do. I already try margin trading, and it's not as simple as the usual trading, we need to have more information related the coin, we need to have skills to analyze the price deeply so we can detect where the price wants to move. But I think it could be done by practicing more and more, especially if we are not stopped from learning on margin trading.

But take note even if you are pro trader or have knowledge doing trading you can make a mistake in your trade but Yes I agree to the scenario its difficult trading platform if you compare to regular exchange site, I suggest before entering in margin trading make a testnet we have some margin site that offering demo or test account like in bitmex.
hero member
Activity: 2828
Merit: 611
June 05, 2019, 05:24:29 AM
#27
Binance is about to add margin trading in their platform.
It would be effective for those who have been doing trading for a long time. If you find it risky and you're uncomfortable with it, better trade the basic and normal way that you know.
How ever, it's still worth trying but you have to learn how it works first.
This is just another way for binance to make more money with this, because a lot of people will lose their investment to them. Margin trading has never been so easy in a market of forex that is even less volatile, not to talk of cryptocurrency market that price could drop at any time and keep going dip.

It depends on coins though, if I have to go for margin trading, I will only do that on bitcoin and never try that on altcoins. It is still better to margin trade bitcoin knowing fully well that we are still in BTC uptrend and BTC remains the market dominant, but for alts, it is very risky.
hero member
Activity: 1568
Merit: 544
June 04, 2019, 10:18:13 AM
#26
I already try margin trading, and it's not as simple as the usual trading
It depends on the time spans your aiming at. On short fast trades for sure you can benefit from margin trading in the way you normally would trade but the loss/gain with margin is higher.
hero member
Activity: 2604
Merit: 816
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June 04, 2019, 09:18:26 AM
#25
Margin trading is worth to try, but only if you have skills because margin trading will be too difficult to do. I already try margin trading, and it's not as simple as the usual trading, we need to have more information related the coin, we need to have skills to analyze the price deeply so we can detect where the price wants to move. But I think it could be done by practicing more and more, especially if we are not stopped from learning on margin trading.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
June 04, 2019, 08:07:57 AM
#24
I don't have much knowledge about margin trading but somewhat I know if that kind of trading which based on the luck has to get succeed which mot suitable for the people who want to stay longer as a crypto trader so just keep doing what you are doing for the year and get better at that is better than learning new things because it makes you to start from the beginning.
If you dont have knowledge about it then why are you commenting on the same?

Margin trading is different from spot trading and in many ways it is more of a gamble then actually trading. Trading or spot trading is based on some skills and knowing when to buy and when to sell. It is much easier and safer in terms of practice then margin trading. Moreover there are several scam groups out there which are described as pump signal groups but are nothing but scams. We dont want new traders to fall prey of them and I generally tell them to avoid margin trading at the first go.
member
Activity: 770
Merit: 10
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June 01, 2019, 10:01:53 PM
#23
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.
I don't have much knowledge about margin trading but somewhat I know if that kind of trading which based on the luck has to get succeed which mot suitable for the people who want to stay longer as a crypto trader so just keep doing what you are doing for the year and get better at that is better than learning new things because it makes you to start from the beginning.
It really is not a game of chance as you say. it's always for technical analysts, they always know the types of waves and levels of trading in a day and can make "Long" or "Short" decisions. I don't know much about margin trading but I think it's really a very difficult type of trading and it's only for those with experience in analysis.
For ordinary people like us, we should only buy low and sell high. Grin
member
Activity: 1204
Merit: 38
June 01, 2019, 08:14:11 PM
#22
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.
I don't have much knowledge about margin trading but somewhat I know if that kind of trading which based on the luck has to get succeed which mot suitable for the people who want to stay longer as a crypto trader so just keep doing what you are doing for the year and get better at that is better than learning new things because it makes you to start from the beginning.
legendary
Activity: 2716
Merit: 1092
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June 01, 2019, 06:45:26 PM
#21
Nothing wrong if you want to do something new, but at first learn deep about it. Because from what i heard, margin trading is really complicated. Even me not try it yet until now because sometime i see my friend got MC and he always stressed about it.  Grin
full member
Activity: 798
Merit: 104
June 01, 2019, 06:43:28 PM
#20
Margin trading is like casino especially in Bitmex exchange site you need a certain experience before doing trade in margin becuase a single wrong move can cause losing all your capital unlike centralized and decentralized exchange site you can hold it for longterm but in margin you can earn a huge profit because the power of leveraging this is a good features in margin exchange site.
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