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RE: Steemit Crypto Academy Contest / S13W6 - Leverage in cryptocurrencies.
Greetings brother, indeed the leverage strategy is a handful tool for traders who can manage it effectively, but also can be of great detriment if not paid attention too as it can cause a negative balance to one's account otherwise blow account.
That's correct. It can blow anyone's account if trade goes against the direction and because of high leverage, even little movement can cause huge loss.
Thanks for reading my post.
Have a good day friend.