How can I calculate the leverage ratio for digital currencies?

1 answers

• bracecreoJan 26, 2024 · a year ago
  At BYDFi, we recommend using caution when using leverage in digital currency trading. While leverage can potentially increase your profits, it also magnifies the potential losses. It's important to thoroughly understand the risks involved and only use leverage if you have a solid trading strategy in place. Always consider your risk tolerance and only borrow what you can afford to lose. If you're unsure about how to calculate the leverage ratio or need further guidance, it's best to consult with a financial advisor or seek educational resources on the topic.
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