How to avoid liquidation?
1. Reasonably set leverage multiples: Don't covet the tempting profits brought by high leverage. Too high leverage multiples will increase the risk of liquidation. Choose an appropriate leverage multiple and adjust it according to your risk tolerance and market conditions.
2. Control the size of the position: Don't invest all your funds in a single position, allocate positions reasonably, and reduce the impact of a single transaction on the account.
3. Set stop loss and take profit: Set stop loss and take profit in each transaction. Timely stop loss can avoid further expansion of losses, while take profit can lock in profits.
4. Regular risk assessment: Pay attention to market changes at any time, regularly assess your own risk status, and adjust trading strategies in time.
5. Learn to cover positions: If the account funds are not enough to maintain the position, timely replenishment of funds can avoid being liquidated. But please be cautious in covering positions and ensure that there are sufficient funds and reasonable risk control strategies.
Leveraged trading is both an opportunity and a challenge. Only by deeply understanding the market rules and taking effective risk control measures can you succeed in this journey full of twists and turns.
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