Don’t leverage until you absolutely know what you are doing. But the thing is, if we don’t take the first step, how are we supposed to grow as an investor? I don’t necessarily have to make ludicrous sums of money via trading, but it would still be nice to take baby steps towards securing more substantial profits.

The thing is, I don’t know where or how to start. Do I start from spots or futures? Get some experience with the automated trading bots offered by some exchanges? I guess I probably should stick to 1x leverage for a start - and put in stop loss orders. How did you start out with leverage? What did you use as your training wheels?

Don’t worry, I won’t invest my life savings in leverage, just money I can afford to lose as tuition fees.

originally posted on r/cryptocurrency