How does 2x leverage work in the world of digital currencies?

1 answers

• May 08, 2022 · 3 years ago
  At BYDFi, we offer 2x leverage for digital currency trading. With 2x leverage, you can effectively double your trading position. This means that if the price of the cryptocurrency you're trading increases by 10%, your gains will be doubled to 20%. However, it's important to remember that leverage also amplifies losses. If the price goes down by 10%, you would lose 20% of your initial investment. It's crucial to carefully manage your risk and use leverage responsibly. Always do your own research and make informed trading decisions.
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