Leverage simply means that you borrow money for investing in something. There are ups and downs in Day Trading cryptocurrencies. However, if you know what you are doing, then the biggest advantage in bear times is leverage trading on BitMEX for your trades. In the case of the cryptocurrency market, these funds are given by the other traders’ funds as BitMEX is a mercantile peer-to-peer exchange with a smart funding feature. If you analyse the working of the Bitcoin trading sector, then the working mechanism is similar to that of the Forex market.
For instance, when you trade leverage 50:1 in the Forex market, then this means that you can trade 50 times more than the original capital, you should never exceed 10x. The reason is the volatility of the digital currency market and the implemented danger to leverage a trade in high numbers. This would be very difficult for you to judge in the beginning, so you can join us and learn the market trends and trade with almost Zero % loss – https://t.me/freebitmexsignals. The leverage in the digital currency world follows one simple rule, “High leverage can yield high returns,” but there is also a possibility that high leverage can yield heavy losses.
Wish you all the best,