📌 Day 9: Leverage
Leverage can help you multiply your profit, but it can also burn your account in minutes. 🔥
Leverage: a loan from the platform to open a bigger trade. For example, with 10x leverage, you can open a $1,000 trade with $100.
If the price moves 10% against you, all your money is gone. This is called liquidation.
Advice: a beginner should avoid high leverage.
Have you ever used leverage? What happened? 👇
#Leverage #Risk #DanATWO #BinanceAcademy $USDT $ARIA
Not financial advice.
Leverage can help you multiply your profit, but it can also burn your account in minutes. 🔥
Leverage: a loan from the platform to open a bigger trade. For example, with 10x leverage, you can open a $1,000 trade with $100.
If the price moves 10% against you, all your money is gone. This is called liquidation.
Advice: a beginner should avoid high leverage.
Have you ever used leverage? What happened? 👇
#Leverage #Risk #DanATWO #BinanceAcademy $USDT $ARIA
Not financial advice.
