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💢Very important to know about Leverage 🔔you bear big loss if you not read full post 🔮YOU HAVE MISUNDERSTOOD THE PURPOSE OF LEVERAGE 🚨 🚩You've totally misunderstood leverage: leverage isn't meant to increase your exposure to the market, it's meant to reduce it. Pay close attention, this is very important. 🔟% of beginners think they can use leverage however they want. However, they're taking an enormous risk of total capital loss. 💸 Before diving into an in-depth explanation, let's recap what leverage is. Leverage is borrowing money from the exchange to make trades. Let's take an example: if you initiate a trade with $100 with 2x leverage, you're putting in $100 of your own and borrowing $100 from the broker. So, your trade will be made with $200, meaning your gains and losses are doubled. If your trade loses 50%, the position will be liquidated because the exchange can't afford to lend to you indefinitely, otherwise, it would incur significant losses. 📉💼 Now, let's understand why you've misunderstood leverage. When you use leverage, it's to invest, for example, 10% of your capital by only investing 5%, if you use 2x leverage. In fact, leverage is meant to limit your losses (since you can't lose more than 50% with 2x leverage). Also, it's meant to diversify your investments because you allocate a smaller portion of your capital to your trades, leaving a larger portion to be invested elsewhere. 📊🔄 Many beginners believe it will make them earn more: no, it's only supposed to reduce your exposure to the market. Never increase it. It's absolutely crucial that you understand this. ❗🔍 I hope some will understand and implement this advice. Thank you for reading. If you liked it, don't hesitate to like, comment, share this post, and especially subscribe, it helps me a lot. You can also tip me to support me financially, it's my only way of being rewarded for teaching you as much as possible about the crypto market. Thank you very much to those who do. $BTC #BinanceLaunchpool
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⭕Is this true or false? 🤷 I chatted with a young man who sells cars in a 4S store 🚗. I asked him about his commission, and his answer was a bit unexpected 😲. 📛He currently sells cars at a Di 4S store. His base salary is 2,500 yuan 💰, and he gets a commission of 150 to 300 yuan for each car sold 🚙. He sells an average of 15 to 20 cars a month, earning 7,000 to 8,000 yuan monthly 💵, and occasionally more than 10,000 yuan a month 🎉. 🔰He used to sell Hondas 🚗, with a commission of 100 yuan for a low-end car and over 300 yuan for a high-end one. Selling VWs gives about 200 yuan per car, while the lowest is Wuling 🚐, with a commission of 50 yuan for a van. 💠I asked him if the commission for luxury cars is high 🤔. He said no, his friend works at BMW 🚘, and the commission is only about 300 to 500 yuan per car. Selling super luxury cars can earn thousands of yuan, but the volume is low, so the monthly income is very unstable 📉. 🔘I asked him which new energy vehicles currently have the highest commission 🔋. He said that a friend of his sells them and can get more than 1,000 yuan per car 🚗. His friend’s income has exceeded 10,000 yuan in the past two months, and he's thinking of switching jobs 💼.thanks for sharing$BTC $BNB #ETHETFsApproved #BinanceLaunchpool #MicroStrategy
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⛔TAO Coin Price Analysis⛔ Changelly: Predicts a 12.3% increase to $429.92 by tomorrow, June 6, 2024. Binance: Offers a more conservative prediction with a 5% increase to $401.78 by tomorrow. 🎴Bullish trend show by RSI indicater 🥅 🔔Upward Trend: Across all sources, TAO is up in the last 24 hours, ranging from 4.09% (Bybit) to 6.94% (CoinMarketCap). $405.39 USD (CoinMarketCap) maximum high above 1200$ 🔴Recent Performance: TAO has been performing well recently. Here are some indicators🔵 Trading Volume: There's decent trading volume, ranging from $27.67 million (Binance) to $35.15 million (CoinMarketCap) in the last 24 hours. Market Sentiment: There are mixed signals on market sentiment: Technical Indicators: Changelly suggests a bullish for long term 🚸Fear & Greed Index: According to Changelly, the Fear & Greed Index is at 73, indicating greed in the market, which can be a sign of an overheated market that could cool down.🔰 ✳Price Predictions: It's important to remember that cryptocurrency price predictions are not always accurate. Here are a couple of examples:⭕ ✅Overall: TAO is showing positive momentum in the short term. However, cryptocurrency markets are volatile, and considering the high Fear & Greed Index reading, there could be a correction in the near future.$TAO $BTC #ETHETFsApproved #BinanceLaunchpool #MicroStrategy
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