Topic: Lies in the world - page 3. (Read 455 times)

That is what I am saying too, people do not care if you lose, the promotion is for binance to make profit when binance know that most traders are losing according to what they have sent me before. Many newbies will join to lose and binance will make profit if the newbies lose or gain.

Holders are the ones that are gaining most of it. Some leverage traders use amount that can manipulate the market, others follow their direction and they close position for the market to go other way.

Leverage is not risky if the market is not that volatile, but if volatile, money can be liquidated. The market will surely be very volatile.

Not emotion is what is affecting me. What is affecting me is greed. If I earn little, I should be okay with it but I will want to earn more. It is also good to reduce the leverage.

Leverage trading is for professional traders because most of traders have loses, not profit by trading. If they have loses, they will have bigger ones by using leverage.

Even you learn a leverage trading course from a professional trader who really earn lots of profit from Leverage tradings, you probably won't be able to practice it so well. However, your loses are not because what you learn is wrong, it is just only you can not practice and control your emotion so well.

This is just a promotion from my point of view so I won't blame binance for doing promotions about what they have in their platform, Margin trading is nothing but trading without the money we own so we are putting more risk which should be realized by the trader because for the exchange they will concentrate on their revenue and that is the ultimate goal of every company.

Is it very disappointing that the world is full of lies, some of the lies are from the government saying this and that all because of their own favor. We need to be careful of anywhere we are today, think very well before doing something. I would have created this thread on trading discussion but I am thinking newbies may not be visiting the board very often like beginners and help.

Binance sent me a message yesterday, this was the message:




Even spot day traders are losing, I do not know why I am losing in future (3x leverage) trading and binance is sending users message about margin trading (3x to 10x leverage depending on it being isolated or cross). The more the leverage the higher the risk.

This was what happened. I login on my binance account on new mobile device and everything was as if it were new, then I got the message the following day about margin trading which I know is riskier than spot (trading with no leverage) trading. This is the message that will all be sent to newbies.

You should know that binance is a custodial exchanges, not your key not your coin. I only used it to trade. Be careful of what organisations are sending you, they are not helping you, they are only looking for money even if you will have to lose. I was curious why binance is sending messages related to future (yes, I got the message also few months ago and a user also created a thread about it on trading discussion some days after I got the message) and margin trading, I later have to know it is a ways they make more profit from leverage trading fee, but most traders are losing. Even if you want to trade, better try spot and use the amount of money you can afford to lose, most traders are losing.