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RE: Journey to CFD crypto trading - Episode 003 - Trade details
can you actually lose more money that you put into account? or does system prevent it?
can you actually lose more money that you put into account? or does system prevent it?
Usually not. System will take a portion of my deposited fund as "ransom", I will have to make sure the floating loss doesn't not eat up X amount of my ransom. Some broker take 50%, some as low as 1%. Usually broker that protect more margin balance are better in terms of moral wise. Who want to bore a hole in their pocket if getting stuck into a losing position? But there's also saying goes, position gotten cut off too damn early and might missed the chance of a turning point that possibly turn the trade green. To me, they're equally good or bad. As long I keep my position size decent, I will be sure to have enough margin to float around. Like now, 300$ , utilized 0.50margin.
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I am not even THINKING about getting into it :D
knowing my luck I would end up in debts hahaha
Luck, takes about 1% of the entire trading realm. The rest are hardwork, patience, money management.