How does a margin call on a short position affect my cryptocurrency trading?

1 answers

• Jan 13, 2022 · 3 years ago
  At BYDFi, we understand the impact of margin calls on cryptocurrency trading. When a margin call is issued on a short position, it's important to act swiftly to avoid potential losses. We recommend closely monitoring the market and setting stop-loss orders to limit your risk. Additionally, maintaining a sufficient margin level and having a clear understanding of the risks involved in shorting cryptocurrencies can help you navigate margin calls more effectively. Remember, margin trading can be highly volatile, and it's essential to stay informed and make informed decisions to protect your investments.
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