Inspirational and insightful info especially for beginners.
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Mr_Beast999
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$PEPE Got 900$ profit. For new traders who don't know this is called "Future trading" If you have low capital like 100$ or less it would be better for you to do Future trading instead of Spot trading.
You can take loans from Binance. Binance gives 2X to 125X loans on your capital. Suppose you have $100 and you took 10X Loans (Leverage) you will get $1000 on your account. And now you can trade with this $1000 instead of $100.
If you made profits you can take all of it. If you made losses then only your $100 will be gone. Binance won't ask you for their $1000! So It's a win win situation right?
It’s not like you have to put all of your $100 into one asset. You can buy multiple assists. Your per $10 would be worth $100 if you take 10X loans. I Don't recommend taking more loans then 10X
Suppose you bought $100 ($1000) of PEPE Your buy price is 0.00000900 Liquidation price 0.00000750
What is liquidation Price? It's mean if PEPE drops below 750 you will lost your $100. Remember the more you take loans the liquidation price comes more closer. 10X loans = 10X risks, 50X loans = 50X risks
You can set stop loss to not loss all of your money. And now if Pepe Price increase to 1000 you will almost have another $100 on your account.
For more information go search on YouTube and learn the skill on "How to do future trading in Binance"
I tried my best to simplify for new traders. All the best. Have a good day.
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