I'm keen to scalp some promising altcoins, but I cannot find a solution with enough liquidity and security, with no KYC. I made a 10% return in the last 2 weeks based on support/resistance strategy and I wish I could leverage the same strategy. I also want to profit when alts go down (which I anticipate this year). I'm from UK, by the way.
Bitcoin started gaining momentum yesterday and saw its price increase above the coveted $10,000 mark. At the same time, gold continued its recent surge by marking a fresh all-time high. Some altcoins retraced heavily in the past 24 hours, helping Bitcoin’s dominance reclaim some lost ground. Bitcoin Stands Above $10k After weeks of trading within […] Margin trading can be very risky, so it is only suggested to advanced traders. The amount of leverage can be widely different among the sites, the most common leverage used by altcoin trading platform is 2-3x, but at couple of places the leverage can be increased up to 100x. Tutorials on margin trading can be found on BitcoinTradingSites. Note: Margin trading is highly risky, crypto margin trading even riskier. So it is a strict NO for beginners given veteran traders also incur huge losses in margin trades. However, if you are good at regular day trading, you can start trying margins for smaller amounts for crypto trading. Trading Bitcoin and Altcoins on Margin. By trading an asset based on margin, you have the opportunity to leverage your position to a greater amount. But this is a double-edged sword; on one hand, it could allow you to speed up your money engine. On the other hand, it can end up being your worst nightmare. Bitcoin margin trading, in simple words, allows opening a trading position with leverage, by borrowing funds from the exchange. For example, if we opened a Bitcoin margin position with a 2X leverage and Bitcoin had increased by 10%, then our position would have yielded 20% because of the 2X leverage.
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