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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.

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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.