minimize the amount of coins they hold on exchanges. Margin Trading" from Investopedia which explains how margin trading is like a casino within a casino within a casino. Margin trading allows a trader to open a position with leverage. TIP : If you are going to speculate on the price of a coin using margin trading, make sure to do an overview of technical analysis concepts like RSI first. Further, it can be used to speculate, to hedge, or to avoid having to keep your full balance on an exchange. That also means, if it goes down, youll owe what you borrowed plus any fees even though you lost money. As the chance to earn more increases, so does the risk to lose more.
Poloniex Ends Margin Trading for US Citizens By Cryptovest
Margin and lending products will be discontinued by the end of the year. As part of our effort to continuously professionalize and improve Poloniex, we are delisting several assets and taking steps to remove our margin and lending products for US-based customers, announced the exchange in a recent blog. Warning ON risks, ratios, AND BET size: Margin trading cryptocurrency is one of the riskiest bets you can take. Cryptocurrency is risky, and margin trading is risky.
Conversely, your risk is also increased. TIP : Youll most likely want to turn margin trading off if margin trading is on when you first join a cryptocurrency exchange (as many exchanges allow margin trading). In both cases, if the exchange will let you, you can leverage a long or short position. Want to read more useful tips? What Does Margin Trading Mean in Terms of Cryptocurrency? For example, in the Poloniex exchange anyone can lend their bitcoins or altcoins and benefit from interest on the loan. TIP : Consider setting stops and hedging margin positions with another margin position or with spot buying (actually buying a crypto). Additional tips for trading Bitcoin and Altcoins can be read here and here.
Poloniex Ends Margin Trading for US Citizens - Cryptovest The Basics of Margin Trading With Cryptocurrency Beginners Guide in Cryptocurrency Margin Trading 2017
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