Practical application of #margin_trading_using 20x leverage

$BTTC
How is cross margin trading done with 20x leverage?
Data:
- Initial capital (Margin): 10 dollars
- Leverage: 20x
(i.e., you can trade an amount = 10 × 20 = 200 dollars)
- Purchase price: 0.00000067 dollars
- Selling price: 0.00000074 dollars
1. How many coins can you buy?
Available amount = Capital × Leverage = 200 dollars
Number of coins = 200 ÷ 0.00000067 ≈ 298,507,463 BTTC coins
2. How much will you get from the amount upon selling?
Selling value = 298,507,463 × 0.00000074 ≈ 220.895 dollars
3. Calculate the total profit before fees and interests:
Profit = Selling value - Trading amount
Profit = 220.895 - 200 = 20.895 dollars
4. Calculate the net profit after deducting the initial capital:
You used 10 dollars of your own money, and the rest was a loan from the platform (repaying capital + interests + fees):
- Net profit:
20.895 dollars (your profit above your original capital of 10 dollars)
5. Fees and interests:
Trading fees (approximately 0.1% per transaction):
- Purchase fee: 200 × 0.1% = 0.20 dollars
- Selling fee: 220.895 × 0.1% ≈ 0.22 dollars
- Total fees: 0.42 dollars
Borrowing interest (approximate, varies by currency and time):
- Suppose you kept the trade for one day, and the daily borrowing interest is, for example, 0.02%:
- Daily interest = 200 × 0.02% = 0.04 dollars (a very small amount)
6. Final profit after all deductions:
- Total profit: 20.895 dollars
- Minus fees and interest: 0.42 + 0.04 = 0.46 dollars
Net profit = 20.895 - 0.46 = about 20.43 dollars

Done