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RE: Steemit Crypto Academy contest | S13W6 " Leverage in Cryptocurrencies
Greetings brother,
Leverage allows traders to control larger positions with a smaller amount of money. This means that even small price movements can lead to significant profits.
However, lack of understanding and experience in leveraged trading can lead to significant losses. Therefore, traders should invest time in learning about leverage, risk management, and trading strategies before engaging in leveraged trading.
@sahmie There is no doubt that experience is very important especially in trading.Thank you very much for your excellent comment.I am grateful to you.