Binance leverage: A guide to easy play
Step 1: Get on the road, buckle up first!
Leveraged trading is like racing; it can make you rich overnight or leave you bankrupt in an instant. So, the first golden rule is 'Don't use money you can't afford to lose.' Keep your 'car money' and 'house money' safe; the money for leverage should be what you're willing to see rise and fall without regret!
Step 2: Choose the right lane, don't go the wrong way
• Long press 'leveraged trading', choose your familiar trading pairs (BTC/USDT, ETH/USDT).
• The system will ask you: 'Long (bullish) or Short (bearish)?'
• Long position: Think the price will rise? Then go long and watch it soar.
• Short position: Think the price will drop? Then go short and watch it dive.
If you choose the wrong direction, it's like taking the wrong highway, making you question life in a second.
Step 3: Leverage multiples, fuel cautiously!
Leverage multiples are like accelerators:
• 2-3x leverage: The seasoned driver’s relaxed driving, seeking stability to win.
• 5x leverage: A thrill ride for beginners, tense and exciting.
• 10x and above: A death squad's high-speed rush, wins and losses in an instant.
Remember: Doubling your profits = doubling your risks, be careful not to crash!
Step 4: Count your money before placing an order, know your profits and losses
The system will prompt you that with 1 USDT of principal, you can open a 10 USDT position (assuming you used 10x leverage). But - listen carefully! This is not giving away money, but a 'rope for borrowing money.' If you lose, the system takes your principal.
Simply do the math:
• Up 1%: You make 10%, feeling great!
• Down 1%: You lose 10%, feeling dizzy.
• Dropped to liquidation: Straight to zero, tears flow.
Step 5: Take profit and stop loss, retreat safely
After placing an order, remember to set take profit and stop loss, or you might end up with no beef and still get hit:
• Take profit: Run when you’re making money, don’t try to get the last cent.
• Stop loss: Don't stubbornly hold onto losses; rebounds may not be for you.
Step 6: Make good use of 'capital management methods'
Just remember one thing: 'Never bet your entire fortune on a single trade!' Diversify your positions and leave room; only then can you survive in the market for a long time.
Playful summary: The five-word mantra of Binance leverage
• Be bold, but don’t be greedy!
• Only by stopping losses can one win in the long run!
• Emergency fund, don't touch it!
In the world of leverage, excitement and profit coexist. You can be a dancer in the market, but remember - only those who survive until the end are the true winners!
