Hello 👋, good morning everyone. I have a question and I would appreciate it if you would answer it, I want to know if I am correct and if not, if you would explain it to me.
👉 If I want to invest in a currency, let's say the currency is called Z, I invest 100 dollars with a leverage of x10, that is, my 100 dollars + 900 dollars that Binance lends me in this case due to the leverage, and the Z coin goes up 10%. And I decide to withdraw, then I would have the withdrawal of 1,100 dollars, minus 900 dollars (which Binance lent me) is equal to 200 dollars (one times 2 of my uncertain value).
and the disadvantage of leverage in this case is where the crypto fluctuates downwards and a loss of 100 dollars liquidates me.
🟢👉MY question is if I'm correct or if I don't explain it to me, thank you.
