For instance Tech billionaire Elon Musk’s electric vehicle company Tesla has invested $1.5 billion in the Bitcoin cryptocurrency, according to its annual 10-K report filed with the US Securities and Exchange Commission (SEC) on Monday. The announcement led to a surge in the price of one Bitcoin, that was hovering around $44,000, Tesla said it will also “begin accepting bitcoin as a form of payment for our products in the near future.” The announcement comes amid renewed interest shown by Musk in cryptocurrency and requests from Tesla customers for accepting bitcoin for buying the cars.
Leverage is the use of borrowed funds to increase one’s trading position beyond what would be available from their cash balance alone. Forex traders often use leverage to profit from relatively small price changes in currency pairs. Leverage, however, can amplify both profits as well as losses. It is agreed that 1:100 to 1:200 is the best forex leverage ratio. Leverage of 1:100 means that with $500 in the account, the trader has $50,000 of credit funds provided by the broker to open trades. So 1:100 leverage is the best leverage to be used in forex trading. Selecting 5x leverage does not mean that your position size is automatically 5x bigger. It just means that you can specify a position size up to 5x your collateral balances. As a new trader, you should consider limiting your leverage to a maximum of 10:1. Or to be really safe, 1:1. Trading with too high a leverage ratio is one of the most common errors made by new forex traders. Until you become more experienced, we strongly recommend that you trade with a lower ratio. Be a constant learner. The best form of leveraging is self-education. When you know certain things and develop yourself, you put that into action. If you’re not doing something with your skills, your knowledge becomes useless, it stagnates, and you start to feel bad about yourself. Leverage is the strategy of using borrowed money to increase return on an investment. If the return on the total value invested in the security (your own cash plus borrowed funds) is higher than the interest you pay on the borrowed funds, you can make significant profit.
Cryptocurrency leverage trading is a highly profitable trading strategy that most crypto enthusiasts still do not apply till date because most crypto exchanges don’t offer the service. They consider it too risky to offer this strategy to their traders or investors. However, we have seen a boom of leverage trading in the forex market as well as the traditional fiat market. While leverage trading comes with inherent risks, traders who can muster the courage to trade with leverage can make a decent profit in a short period of time. Here is now leverage trading works – if you invest $100 and your exchange offers a leverage of 1:100, in reality, you are actually trading with $10,000 and not $100. Any profit you make from the trade would be multiplied by 100. You can see the profits that you would be coasting home with.
While there are different ways to trade cryptocurrency with leverage, Binance Futures seems to be a game-changer. Binance Futures was launched in 2020 to allow crypto traders more than one coin with leverage. There is also x125 leverage available for BTCUSDT. Binance Futures supports more trading pairs than the same services offered by other exchanges. To make the most of Binance Futures, you need to join a Binance Futures signal group. If you join a reliable and trustworthy Binance Futures signal group, the possibility of achieving your income project in a short time is very feasible. Except you are an experienced trader, the chances are that you won’t know the Binance Futures signal group to belong. And that is where Best Trading Signals come in. There’s nothing wrong with using free forex signal providers. Many traders use them on a daily basis due to lack of time. When seeking out a reliable free forex trading signals source, make sure they have a proven track record. Don’t trust professional traders or companies that promise you great results without proof.
Best Trading Signals is a leading signal provider that launched in 2018. This signal provider has a profitable signal group on Telegram. The good news is that they generate signals both for the crypto and forex markets. The signals generated are over 80% accurate. Plus, we cater to the trading interest of both beginner and expert traders. Our signals are easy to use and they come with risk management measures to insulate you from the inherent risks on the crypto market. Additionally, we also offer trading indicators that can help you trade crypto leverage via Binance Futures on auto-pilot. The indicators will signal you when to take profit or when to exit the market to avoid losing your hard-earned capital.