How does leverage work on SureTrader for cryptocurrency trading?

3 answers

• assi-assiaNov 01, 2021 · 4 years ago
  Leverage on SureTrader allows traders to borrow funds from the platform to increase their trading position. It works by providing traders with the ability to control a larger amount of cryptocurrency with a smaller initial investment. For example, with 10x leverage, a trader can control $10,000 worth of cryptocurrency with just $1,000. This can amplify potential profits, but it also increases the risk of losses. It's important to carefully manage leverage and set stop-loss orders to limit potential losses.
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• chikiryauxgodJul 28, 2024 · a year ago
  SureTrader's leverage feature is a powerful tool for experienced traders who want to maximize their potential gains. By using leverage, traders can take larger positions in the market and potentially earn higher returns. However, it's important to note that leverage also increases the risk of losses. Traders should have a solid understanding of the market and risk management strategies before using leverage on SureTrader or any other platform.
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• soroush soleimaniOct 09, 2020 · 5 years ago
  At BYDFi, we believe that leverage can be a valuable tool for experienced traders who understand the risks involved. It allows traders to amplify their potential profits, but it's important to approach leverage with caution. Traders should carefully consider their risk tolerance and set appropriate stop-loss orders to protect against significant losses. BYDFi offers leverage options for cryptocurrency trading, but it's important to thoroughly understand the terms and conditions before using this feature.
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