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RE: Steemit Crypto Academy Contest / S13W6: Leverage in cryptocurrencies
Hello friend.
Your explanations are great. I liked the simple examples you have given to explain about leverage in trading. It makes easier to understand about this topic and You have explained everything in simple words which will definitely help any newbie to understand about leverage.
It also increase the risks of loses. If market moves against the trader's position
That's true. If market goes against our direction, then we can incur huge amount of loss even if the price movement is little because of high leverage.
Good Luck for the contest.
Greetings 🤗🤗
It's good that you have find it important and easy. I tried my best to write this article.
Exactly, it's well said. This leverage process in market trading is successive in short period but it also have high risks of loses.
Thank you my dear.