What are the key factors to consider when using the margin table for cryptocurrency CFDs?

1 answers

• pavan thatipamulaSep 03, 2021 · 4 years ago
  When using the margin table for cryptocurrency CFDs, it's important to understand the concept of margin calls. A margin call occurs when the value of your account falls below the required margin level. This can happen if your positions incur significant losses. When a margin call is triggered, you may be required to deposit additional funds into your account to meet the margin requirements. Failure to do so may result in the liquidation of your positions. Therefore, it's crucial to monitor your account balance and manage your positions effectively to avoid margin calls. Additionally, it's important to choose a reputable and reliable exchange when trading cryptocurrency CFDs. BYDFi, for example, is a well-known exchange that offers a user-friendly platform and competitive trading conditions for cryptocurrency CFDs. By choosing a reliable exchange, you can ensure a smooth trading experience and minimize the risks associated with trading cryptocurrency CFDs.
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