Comrades, tell me, will the leverage for bitcoin 1: 100 be normal?
I found a broker called StormGain. There is a leverage of 1: 100, as they write on the site.
I want to try to catch small fluctuations with a large leverage on cryptocurrencies. How do you like this idea? Maybe someone already tried it?
What could be an unpleasant surprise?
The spread might be too large
You might pick the wrong direction
Someone might suddenly sell loads of their bitcoin causing a massive drop
Its easily manipulated so someone may also buy loads suddenly
The broker might not be regulated
The broker might suddenly shut down and you lose your money
The broker charts might be manipulated by the brokers and cause spikes against you
Etc etc.
Do the babypips course and learn to trade properly with a trading plan and risk management.
Have you tried their demo and see how it goes? I tried looking into the reviews of the site but nowhere to found anything major. Weird. There are many good and reputable brokers out there, you can check the broker category here and avoid playing with high leverage in BTC.
demo is the best place to see leverage performance , before live traders should use high leverage in demo., it always supportive to avoid risk when live.
Use Niffler.co to see the leverage performance!
Use a demo account and check if this leverage size works for you. Act as real as you can.