Cryptocurrency Margin Trading: Basic Rules
Margin trading of cryptocurrencies allows you to open positions with leverage, but carries increased risks.
Here are the main rules:
1. Choose reliable exchanges with high liquidity for margin trading.
2. Manage risk carefully by using stop losses and not exceeding a reasonable leverage level.
3. Diversify your portfolio without focusing on just one cryptocurrency.
4. Review all fees, margin interest, and liquidation rules.
5. Control the level of margin and replenish the deposit in a timely manner.
6. Do not use borrowed funds for margin trading to avoid complete loss of capital.
7. Constantly monitor the market situation and news that affects cryptocurrency rates.
Following these rules will help reduce risks and effectively take advantage of the benefits of margin trading.
Which of these rules have you already used when trading on margin?
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