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RE: Steemit Crypto Academy Contest / S13W6 - Leverage in cryptocurrencies

in SteemitCryptoAcademy9 months ago

From a layman's point of view, leverage means gaining an advantage over something due to the help rendered to you."

That's great way to make this concept more relatable and easily understandable.

The profit made with the help of the leverage is 39600 USDT within the shortest possible time as against 5400 USDT which I could have made with just my capital and within the same time."

So the given example unfolds both the horizons of leverage trading in cryptocurrency - gain as well as loss . Therefore proper risk management is mandatory to stay composed in either sceneries.

Crypto currency leverage trade gives a sweet and sour experience depending on how experienced a trader is and his ability to manage his risk."

That aptly explains the double edged sword concept of Leverage trading .

Excellant as usual .Good luck .

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