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Abdul S Crypto Research
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5 year $BNB trader — please read before you use leverage
I am Abdul Salam. 54 years old from Pakistan. I have been trading on Binance since April 2021 and I want to share something that nobody told me when I started.
When I joined Binance, I was given access to leverage trading immedietly. No test. No warning. No explanation of what it really means.
Here is the simple truth about leverage that I wish someone had told me.
If you use 10x leverage — a 10% move against you wipes your entire position. Gone. In minutes. If you use 20x leverage — only a 5% move is enough to destroy everything you put in.
I thought leverage was a tool to earn more. It is actually a tool that can take everything faster than you can react.
Binance has since improved protections for new users and I respect that they are working on this. But please — if you are new, start with no leverage at all. Learn the market first. Protect yourself.
I learned this the hard way so you dont have to.
$BTC $BNB $USDT
#Binance #LearnCrypto #NewTraders #Pakistan #BinanceSquare
I am Abdul Salam. 54 years old from Pakistan. I have been trading on Binance since April 2021 and I want to share something that nobody told me when I started.
When I joined Binance, I was given access to leverage trading immedietly. No test. No warning. No explanation of what it really means.
Here is the simple truth about leverage that I wish someone had told me.
If you use 10x leverage — a 10% move against you wipes your entire position. Gone. In minutes. If you use 20x leverage — only a 5% move is enough to destroy everything you put in.
I thought leverage was a tool to earn more. It is actually a tool that can take everything faster than you can react.
Binance has since improved protections for new users and I respect that they are working on this. But please — if you are new, start with no leverage at all. Learn the market first. Protect yourself.
I learned this the hard way so you dont have to.
$BTC $BNB $USDT
#Binance #LearnCrypto #NewTraders #Pakistan #BinanceSquare
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