What is the impact of lot size and leverage on cryptocurrency trading?

1 answers

• McKee RandolphNov 07, 2020 · 5 years ago
  At BYDFi, we understand the impact of lot size and leverage on cryptocurrency trading. Lot size determines the quantity of cryptocurrency units traded, while leverage amplifies the trading power. Different lot sizes and leverage ratios can have varying effects on trading outcomes. Traders should carefully consider their risk appetite and trading strategy when choosing the lot size and leverage ratio. It's important to note that higher leverage can result in higher potential profits, but also higher potential losses. It's always recommended to start with lower leverage and gradually increase it as traders gain more experience and confidence in their trading abilities.
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