How to go long in a leveraged trade?
BiyaPay
Published on 2024-05-28 Updated on 2024-11-04
In leveraged trading, a “long” position is one that involves buying an asset at a low price and then selling it at a high price. In this way, you can make a profit from the price difference. For example, if you think the price of BTC will rise in the future, you can borrow USDT in your BTC/USDT trade and buy BTC now at a relatively low price, and if the price of BTC rises, you can sell BTC and pay off the USDT debt, making more profit than in a regular spot trade. You can go long by buying coins on the “Trade” page!
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