What are the risks and considerations when using leverage on ftx.us for cryptocurrency trading?

1 answers

• Upgrade DigitallyJun 04, 2023 · 2 years ago
  At BYDFi, we understand the risks and considerations associated with leverage trading on ftx.us for cryptocurrency. It is important to note that leverage can magnify both profits and losses. Traders should carefully assess their risk tolerance and only use leverage that aligns with their financial goals. It is also crucial to have a solid understanding of the specific leverage terms and conditions on ftx.us, as they may differ from other exchanges. Traders should be aware of the potential for liquidation and set appropriate stop-loss orders to manage risk. Additionally, staying informed about market trends and using technical analysis can help make more informed trading decisions. As with any investment, it is important to do thorough research and seek professional advice if needed.
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