No need for leverage on crypto, the market quite volatile, leverage can kill your account for sure
Absolutely agree, no need to leverage on crypto.
Somethings I learnt over 3 years trading on crypto:
- Don't use any broker that offer crypto CFD because their spread is crazy (sometimes 1-2%), just trade with own money in exchange like Bitfinex, Binance.
- Truth be told, I gave up predict the trend of crypto since early 2018, instead, in such volatile market, you can make money without predicting the trend of market. Use mathematics, you will find crazy unreasonable volatility in market that you can take advantages by some simple statistical arbitrage strategy.
- One more thing, understand Value at Risk (VAR) theory is critical when you trade in any bubble market like crypto.
have fun trading