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RE: Steemit Crypto Academy Contest / S13W6 - Leverage in cryptocurrencies

in SteemitCryptoAcademy6 months ago

En mi entorno cuando alguien logra algo que parecía complejo se suele decir que consiguió una “buena palanca”. Expresión que transmite el efecto de mucha fuerza por intervención de un tercero."

Yes that anaogy is well correlated with the concept of leverage in cryptocurrency giving a message that something is used to create a greater impact and that something here or borrowed funds and the greater impact is more profit.

Es de suma importancia comprender muy bien cómo funciona este sistema porque colocamos en riesgo un capital que es producto de nuestro trabajo y esfuerzo y no deseamos que se pulverice por desconocer el mecanismo. Veamos…"

Keeping the given scenario in mind, we can say that leverage is a double sword which can be fatal if proper risk management is not in place because losses are also escalated in case of unfavorrable move of the market.

Wish you all the best .

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Greetings friend. Thank you very much for the visit and comment. Leverage is a double-edged sword and if we fail the projection and do not properly manage the Stop Loss, we can lose all our capital.

Congratulations!

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