How does margin holding work in the context of digital currencies?
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Can you explain how margin holding works in the context of digital currencies? I'm interested in understanding how it differs from regular trading and what risks are involved.
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1 answers
- At BYDFi, margin holding works by allowing traders to borrow funds from the exchange to increase their trading power. Traders can use the borrowed funds to open larger positions and potentially generate higher profits. However, it's important to note that margin holding also increases the risk of losses. Traders need to carefully manage their positions and set stop-loss orders to limit potential losses. BYDFi provides a user-friendly interface for margin holding, making it easy for traders to monitor their positions and make informed trading decisions.
Dec 18, 2021 · 3 years ago
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