Spotlight on Huobi : How to trade on margin in the digital assets on Huobi (50%-50% For 200% PowerUp)
![image.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmWaq5chznsv6RWACExvQqSqxAhsMMHJtfSy4N3AUJ2kkP/image.png)
☞ What is Margin Trading?
![image.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmcDDvQabSmjeghunkxMcGfCUDiDnrppn9TXxXk8PW1CiM/image.png)
☞ How does Margin Trading work?
☞ How to do Margin Trading on Huobi Pro?
![image.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmcddBzRhKrJcd1mV8PT28CUrtEEK549qfu53v1SV8Bhqe/image.png)
To transfer the margin funds out and back into your exchange account just click on the exchange button and you can transfer from your Margin Account to your exchange account.
Now when you go to your margin account balance (click on the tab loan in your account, below the tab balances, top right on the website, and accept the terms) you will see your margin account balances.
![image.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmVwa9UaffXkeYwbhZNehijPoSmfF4zL1meizkSE22reUM/image.png)
When you click on the loan tab at the end of the line ELA/BTC in the picture above, you can apply for a loan for your margin account.
Notes
Loans must be paid back in the currency they are loaned in. The repay amount = loaned amount + interest. You can replay the loan in full at once or you can repay the loan in multiple installments. When you pay back in installments you’ll pay back the interest first and then the base loan.
The daily loan rate is 0.1% for USDT. When you take out a loan of other currencies the rate is 0.02%. You start to pay interest from the moment you take out the loan. 1 unit is considered a time span of 24-hours. You can short it or go long.
Caution when margin trading, things can go south very fast because of the leveraged trades, only trade what you are willing to lose! Never put in more money than you can afford to lose.
Resources:
☞https://medium.com/@LindaWillemse/margin-trading-cryptocurrency-on-huobi-pro-80a8975cb7d
☞https://blog.hbg.com/how-to-trade-on-margin-in-the-digital-assets/
N.B: There is risk involved in trading, mining, lending, and investing in cryptocurrency. I do not take any responsibility for any losses that may occur. I do not give financial advice. This post and opinion are for informational and entertainment purposes only. The post is made following the instructions of LindaWillemse. Proper resources are mentioned.
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I am curious to know, is there any option like 200% power up in Steem?
By the way, margin trading is risky, and those who develop a better understanding of risk management & better TA, should go with margin trading. For a beginner, it is always good to stick with spot trading. However, for professional traders, it is always a good choice.
Thank you.
#onepercent #india #affable
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