Many people think that the higher the leverage, the faster they can make money, but they don't consider the losses.
Leverage = the nominal value of a position divided by the margin invested: 1,000 USDT in margin at 10x leverage gives you a 10,000 USDT position.
When you're new to futures trading, using low leverage with a small position makes it easier to stay in the market than chasing high leverage.
Related coin: $BTC . Current price: 83836, 24h: +0.92%.
Have you run into any pitfalls like these? Share your experiences to help others avoid them.
#BTC
Leverage = the nominal value of a position divided by the margin invested: 1,000 USDT in margin at 10x leverage gives you a 10,000 USDT position.
When you're new to futures trading, using low leverage with a small position makes it easier to stay in the market than chasing high leverage.
Related coin: $BTC . Current price: 83836, 24h: +0.92%.
Have you run into any pitfalls like these? Share your experiences to help others avoid them.
#BTC