Topic: Margin trading. Where to start? - page 4. (Read 22623 times)
Here is description of: https://www.youtube.com/watch?v=cYoKpjXdv0c&t=10s
Have you tried exchange 50x. me?
Margen trading is so tentative if you are a good trader but i suggest you that you use only a margen trading in forex or stock market because crypto is very volatile and its very hard to predict what will gonna happen in the future. This is just my suggestion but in the end you are the one responsible with your actions so think it carefully before doing it.
This is precisely my problem with using margin trading in this market, I understand that those that do this in forex do so because that is an incredibly liquid market and the movements in that market are smaller, but in the market of cryptocurrencies where you see such a huge volatility, why people choose to use margin trading? Bitcoin went from 3500 to almost 14000, that is close to giving 300% in profits in a matter of months, is that not enough for people? Why do they want more? Before you start margin trading you have to test your trading system. If you trade with leverage without specific strategy, then you will lose eventually everything.
Also don't use high leverage like 50-100x . Althouth there are sucess stories and I also achieved outstanding ROI https://bitcointalksearch.org/topic/m.52223769 ,
I persuade you to start with smaller leverage to get experience
As for exchange, check out my post, for me there are 2 main exchanges - Okex and Bitmex https://bitcointalksearch.org/topic/okex-vs-bitmex-5168885
I agree, there are many people that are attracted to margin trading because they have heard stories about the incredible profits that they can get in a relatively short amount of time, but what they do not seem to understand is that you need to have a very precise strategy and you need to know what you want to achieve with each trade that you make, otherwise you could lose all your capital in minutes, I know that many people will think that I am exaggerating but I'm not and in fact we have seen several examples of that happening to people in the forum. Also don't use high leverage like 50-100x . Althouth there are sucess stories and I also achieved outstanding ROI https://bitcointalksearch.org/topic/m.52223769 ,
I persuade you to start with smaller leverage to get experience
As for exchange, check out my post, for me there are 2 main exchanges - Okex and Bitmex https://bitcointalksearch.org/topic/okex-vs-bitmex-5168885
I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?
Please don't even think about margin trading before you have your feet wet with normal spot trading and some experience with the testnet aka a demo account. Most of people lose their accounts and believe me you don't want your tuition to be that expensive.
So trade on the testnet as long as you need to become comfortable with order placing, risk management, taking profits and then start with a small account.
As for platforms I recommend Deribit and Bybit. Bitmex is famous for those server overload issues so I'd stay away from it.
when you start trading without even knowing how to trade you will go some where new. So just keep calm and learn before you start, i have seen so many people who jumped in the river without knowledge but time gives better lesson. We should become expert by having experience, knowledge and money for long term trading.
A premature trader should never even take step in going into margin trade because when it comes to trading, this is the most risky part of it that I use to avoid, I don’t go into margin trade at all because this could make us lose all the assets that we have built in years within second depending on the amount of leverage that we are using.Many traders that even have proper knowledge of trading are still finding it quite difficult to cope with margin trade not to talk of those who does not even have much knowledge about it, and margin trade in cryptocurrency is nothing compared to that of Forex trading at all because the level of volatility in cryptocurrency makes it extremely difficult to cope with margin trade, but it could really be huge profit for anyone that knows how to hit the jackpot.
Since Binance launches margin trading opportunities for its users, I decided to try to diversify my activities, since Binance inspires confidence in me more than other resources. But studying this issue, I came to the conclusion that margin trading really allows a trader to use leverage to borrow with leverage, providing himself with a higher profit potential than traditional trading. But given the current state of the cryptocurrency market and price indicators for the past week, I consider margin trading to be a very big risk, especially for inexperienced traders who did not practice this type of trading.
When you talk about Margin Trading, you have to be extremely sharp and alert. I just don’t think there is option to be lazy. The first part to begin is to get proper Crypto Knowledge, as just starting up trading will put you in tough situation, so with having proper route you are always making better decisions. After that you need to pick right option to be able to benefit from and able to gain through to perform well and succeed.
You can try e.g. poloniex and monfex
Oh, I used poloniex, not bad platform for margin trading. For you monfex is better or no?
I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?
You can use OKex quite cheap interest rates, Okex support 3-5x leverage with many different trading pairs. In addition, Okex also has futures contracts and permanent swaps with higher leverage.Another exchange that is very good to try is also Binance margin. I have only tried them once ever since they created them though, but I think it is also worth trying and we know how perfect binance has always been in all its dealing, but I think Okex is still the best for now, though I have not traded on margin trade for a while now because of the fluctuations of the market which is making it quite difficult for one to trade and you know that margin trade could really be a very risky one, so I don’t want to take my chances this period until the market is a little bit settled.
You can try e.g. poloniex and monfex
Oh, I used poloniex, not bad platform for margin trading. For you monfex is better or no?
I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?
You can use OKex quite cheap interest rates, Okex support 3-5x leverage with many different trading pairs. In addition, Okex also has futures contracts and permanent swaps with higher leverage. You can try e.g. poloniex and monfex
Oh, I used poloniex, not bad platform for margin trading. For you monfex is better or no?
Have you considered trying CEX.IO for margin trading? I started margin trading there as its interface is kinda native. Now, I am thinking about trying trading at their new platform, https://cexbro.com/. And it allows trading BTC, ETH or LTC with 10x leverage. But just in case you will decide to try it, the platform is currently available not in all countries or US states. So, make sure that nothing will prevent you from using it.
You can try e.g. poloniex and monfex
Oh, I used poloniex, not bad platform for margin trading. For you monfex is better or no?
Try margin trading on the Binance and Huobi exchanges. One of my favorite exchanges where I started trading regularly. The main thing is not to forget to study the theory well in order to understand what you are dealing with.
You guys dont even read the comments from other users before putting in your post right? Just because some exchange is your favorite does not mean that the OP should visit them for margin trading. Be objective in your views and not personal choices unless clearly stated. Huobi is another ponzi scheme market for those who like to drink the coolaid thinking their altcoin will become huge.
Anyway I dont you have any experience with margin trading because it is not same as spot trading and needs a lot of clam nerves with a large volume of spare cash to be able to profit from.
That its right dude but before going to margin trading why not try firdt the regilar trading platform to practice the basic of trading like how to buy/sell how to use limit order, market order because margin is high risk. As of now my favorite margin site is bybit.
You can try e.g. poloniex and monfex
I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?
Before trading on margin, you should consider the amount of knowledge as well as the frequency of your work. because in margin trading, it is very stressful because you can burn out your account within minutes if you are not focused enough.If you have all the qualifications, congratulations and you can place orders at Bitmax or Bitmex, these are the two exchanges with the highest volume.
I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?
Margin trading is actually very difficult. You must be highly focused, have extensive knowledge of charts and signals, and must have trading discipline.In order to trade successfully, you need to identify more market trends in a short period of time.
There are many things you need to learn and experience. You should take some high quality trading courses to get a better grasp.
Before you start margin trading you have to test your trading system. If you trade with leverage without specific strategy, then you will lose eventually everything.
Also don't use high leverage like 50-100x . Althouth there are sucess stories and I also achieved outstanding ROI https://bitcointalksearch.org/topic/m.52223769 ,
I persuade you to start with smaller leverage to get experience
As for exchange, check out my post, for me there are 2 main exchanges - Okex and Bitmex https://bitcointalksearch.org/topic/okex-vs-bitmex-5168885
Also don't use high leverage like 50-100x . Althouth there are sucess stories and I also achieved outstanding ROI https://bitcointalksearch.org/topic/m.52223769 ,
I persuade you to start with smaller leverage to get experience
As for exchange, check out my post, for me there are 2 main exchanges - Okex and Bitmex https://bitcointalksearch.org/topic/okex-vs-bitmex-5168885
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