Let’s talk about isolated and cross margin.
In cross margin mode, the entire balance of the corresponding currency in your account backs your cross-margin positions, so losses can use up your entire account balance.
Honestly, this is something I only learned later: before opening a position, check the current margin mode so you don’t discover it’s cross margin only after something goes wrong.
Quick glance: $BTC current price 82821.79 (24h -0.28%).
Be extra cautious when you hear claims of high returns.
When markets are volatile, manage your risk first.
In cross margin mode, the entire balance of the corresponding currency in your account backs your cross-margin positions, so losses can use up your entire account balance.
Honestly, this is something I only learned later: before opening a position, check the current margin mode so you don’t discover it’s cross margin only after something goes wrong.
Quick glance: $BTC current price 82821.79 (24h -0.28%).
Be extra cautious when you hear claims of high returns.
When markets are volatile, manage your risk first.