How to Go Long in Leveraged Trading?
How to go long in leveraged trading on the App:
In leveraged trading, a "long" position means buying an asset at a low price and then selling it at a higher price. This way, you can earn profits from the price difference.
For example: If you believe the price of BTC will rise in the future, you can borrow USDT in your BTC/USDT margin trading to buy BTC at a relatively low price now. If the BTC price goes up, you can sell BTC to repay the USDT debt. Compared to regular spot trading, you can earn more profit. You can go long by borrowing and buying on the [Trading] page.
How to go long in leveraged trading on the Web:
In leveraged trading, a "long" position means buying an asset at a low price and then selling it at a higher price. This way, you can earn profits from the price difference.
For example: If you believe the price of BTC will rise in the future, you can borrow USDT in your BTC/USDT margin trading to buy BTC at a relatively low price now. If the BTC price goes up, you can sell BTC to repay the USDT debt. Compared to regular spot trading, you can earn more profit. You can go long by borrowing and buying on the [Trading] page.
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