CEX Quiz Answers 13 November 2024
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📹 What is Leverage in Crypto Trading and How Does Leverage Work
1. What happens when you use 10x leverage?
– Your $100 controls a $1,000 position
2. What is the most important thing to remember about leverage?
– Use strategy, preparation, and know your limits
3. Who should consider using leverage in trading?
– Experienced traders who understand the risks
4. Why is leverage compared to a rollercoaster in the video?
– It’s thrilling but comes with risks
5. What is liquidation in leverage trading?
– The platform closing your position when losses exceed your margin
6. What do you call the money you put up as your own in a leveraged trade?
– Margin
7. What is the downside of using leverage?
– Losses are amplified just like profits
8. What is leverage in crypto trading?
– Borrowing funds to increase the size of your trades
9. What is the main benefit of using leverage?
– Maximizing potential gains with smaller initial funds
10. What does the video compare leverage to?
– Adding a turbocharger to your car
11. What happens if your margin isn’t enough to cover losses?
– Your position is liquidated
12. What does leverage do to your profits and losses?
– It multiplies both profits
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
📹 What is Leverage in Crypto Trading and How Does Leverage Work
1. What happens when you use 10x leverage?
– Your $100 controls a $1,000 position
2. What is the most important thing to remember about leverage?
– Use strategy, preparation, and know your limits
3. Who should consider using leverage in trading?
– Experienced traders who understand the risks
4. Why is leverage compared to a rollercoaster in the video?
– It’s thrilling but comes with risks
5. What is liquidation in leverage trading?
– The platform closing your position when losses exceed your margin
6. What do you call the money you put up as your own in a leveraged trade?
– Margin
7. What is the downside of using leverage?
– Losses are amplified just like profits
8. What is leverage in crypto trading?
– Borrowing funds to increase the size of your trades
9. What is the main benefit of using leverage?
– Maximizing potential gains with smaller initial funds
10. What does the video compare leverage to?
– Adding a turbocharger to your car
11. What happens if your margin isn’t enough to cover losses?
– Your position is liquidated
12. What does leverage do to your profits and losses?
– It multiplies both profits
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