Margin in crypto
Margin in crypto
I’m curious if I’m able to use margin on crypto trades? I’ve averaged 23% this month and if I just had more capital that would mean something but I’m hitting on 7/9 trades since the first of the month. Can I use margin on crypto? It would be crazy if I could double my capital and grow my account more. I make biweekly deposits growing slowly. Started with $100 and now I am at $365 putting in an additional 2 deposits of $100. Just want to hear peoples experiences and if it is worth it or not with interest rates on top of spread.
Using margin in crypto can be risky, especially with the market’s volatility. While it might help grow your capital faster, it also increases the chance of losing more than you invest. Make sure you fully understand the risks and interest rates before diving in.
You have less then 10 trades in your life and you want to add leverage? Do at least 100 trades and look at your results. How about telling us the basics of the setups you are trading? I wouldn’t recommend someone with 10 trades lifetime trying to trade this way. I mean unless the money means nothing and you want to gamble knowing you will possibly lose it all.