What does 3X margin mean in Margin Trading?
📊 Margin is the money you initially deposit into your account to borrow more assets to trade with. Traders buy on margin to increase their trading power and leverage gains.
💵 Margin is only a tool to create leverage and there are different degrees of leverage in margin trading. You can trade at 2x leverage, or 3x, 5x, 10x, or even up to 100x.
📈 Leverage multiplies the amount of money you have to invest. For example, if you have $10,000 capital, margin trading on 3x leverage would allow you to purchase $30,000 worth of assets.
💰 The amount of capital you’re putting up remains the same. That means the rest of the money you’re investing is borrowed. The borrowed funds are the leverage, also called a margin loan.
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