Long vs. Short
Cryptocurrency trading is generally simple, but if you are seeking for a more risky yet profitable trading product, give margin trading a try. Different from traditional spot trade, crypto margin trading enables you to make profits from market swings. With Bexplus's advanced and simple trading interface, you can use 100x leverage to go long or short on a variety of cryptocurrencies by up to 100x.
Suppose that BTC now prices at $10, 000 and you predict that its price will increase to $10, 500, noticing some positive news to BTC market, so you open a 10 BTC position to long BTC. With 100x leverage added, only $1, 000 is required as margin.
If BTC price did surge to $10, 500 with the increasing rate of 5%, your profit would equal to
If you find that Bitcoin fails to reach a higher high and signals a downward trend, you can choose to open a short position. For example, you invest in $1, 000 to enter a 10 BTC short trade at the price of $10, 000 (1:100 leverage), predicting BTC would decline to $9, 500.
Suppose BTC falls to $9, 500 as your prediction, you would also earn (10*$500)-$1, 000=$4, 000.
Profit from Market UP
Profit from Market Down