1, a burst position in short means that the loss exceeds the account balance. When the market is relatively large changes in the market, if the investor in the transaction, most of the funds are occupied by the margin, and trading in the opposite direction of the market trend, then due to the leverage effect, it is easy to encounter the situation of a burst position. (1) What is a burst position A burst position is one in which the investor has negative client equity in their margin account. In the event of a large change in market sentiment, if the vast majority of the funds in the investor's margin account are tied up in trading margin, and the direction of the transaction is opposite to the market trend, then due to the leverage effect of margin trading, it is easy to experience a blowout. The occurrence of a burst position is actually the result of a break in the investor's capital chain. (2) What happens will blow up First, heavy positions are the main reason for the bursting of positions. The source of this is the idea of overnight riches. Second, do not hit the wall and do not turn back. Once you find the wrong direction, you can not turn back in time, but with it dead. So, it is inevitable that the position will be blown. Third, do not set a stop loss. Some people are taking a chance, expecting the price to move in accordance with their own ideas. This is a very taboo point in forex trading. No one can win on a fluke. Fourth, overtrading. Some investors think that by trading more and more to get more profit, they keep doing single, but the results are often disappointing. So trading too much is also undesirable. (3) the process of bursting a position The main reason for "blowing up" is to increase leverage. If you have 100,000 yuan in hand, double the leverage on the institution to lend you 100,000, twice the leverage is to lend you 200,000, ten times the leverage is to lend you 1 million, and so on. Of course, this money is not borrowed to spend, but must be earmarked and used directly for speculation in coins. The specific operation process is that you open a speculative account under the other party's name and deposit your 100,000 yuan principal as a margin, as to how many times the leverage is, you need to negotiate with the institution to set it. After that, the other party will credit the money to this designated account. This account is not only managed by you, but also by the other party. But the other party certainly won't have nothing to do with messing around with you and trading crypto coins for you. The other party wants the right to manage the account both to monitor the movement of funds in your account and, most importantly, to see whether the price of crypto coins in the account is increasing or decreasing. If the price of the currency goes up, the other party doesn't care what you do. However, if the price of the cryptocurrency has fallen sharply and there is already a loss in your account, then the first thing you will lose is your $100,000 principal, and if you lose all your principal and the other party's money, this is called a "bust". The lender will either require you to make a margin call or force you to sell your coins to ensure that their funds are not lost, in order to reduce the risk. In fact, the lender of the funds cannot really wait until they lose money to sell their shares, but will only do so when it reaches a certain standard. (4) How to avoid blowing up a position To avoid blowing up a position, avoid the following bad habits Habit 1::No plan to trade haphazardly. Today look at the Bollinger into the field, tomorrow look at the average into the field; sometimes into the field completely based on is a feeling, out of the field based on the mood. How can you not lose money when you don't take care of your trading like this? Habit 2: no stop loss, carry a single. This is the main reason for the explosion of the position, 10 burst 8 because of the non-stop loss. My most disastrous experience is not stop loss, counter-trend position carrying a single. To learn to profit, first learn to stop loss. Habit 3: frequent trading. This is a mistake that newcomers to trading will make. Trading is not moving bricks, the more you move the more money you make. The way of trading is less is more, we should focus on the quality of the transaction rather than the quantity. If you are trading very frequently and are steadily losing money, then try reducing your trading frequency. Limit your intra-day trading to 3-5 times a day, don't trade more than 3 varieties, and change your trading a bit and you might start making money. Habit 4: Mental safety boundaries. Not many people talk about this, and I have summarized it in the context of real life. What is the biggest fear of trading? "Mental collapse". For example, a $1w account, a day loss of $500, at this point "mentality collapse" trading is under control. Originally to take a break, and then do a single to recover a little loss before stopping, the more you do, the more losses. For example: a $1w account, trading 1 lot at a time, you look at the position in the account in nervousness and even fear. These are the performance of the "mindset collapse", this time trading is not a loss is burst. So we must use safe positions and not let our mindset collapse.

1. The content introduced above is only about the basics of cryptocurrency, which is related to whether we can make money through cryptocurrency. Cryptocurrencies make money not only by scientific methods to increase income, but also by finding ways to save money. The handling fees are small, but they must not be ignored. I have calculated that with frequent transactions and long trading hours, the accumulation of fees can add up to more than 10,000 U a year. Next I will introduce a few common ways to reduce fees on large trading platforms. (1) Lowering Binance's fees Binance is currently the world's largest digital currency exchange, and you must sign up for Binance if you want to speculate on coins. The transaction fee is deducted from the assets received. For example, if you buy Ethereum/USDT, the fee is paid in Ethereum. If you sell Ethereum/USDT, the commission is paid in USDT. Example. You place an order for 10Ethereum at a price of USD3,452.55 per share. Transaction fee = 10Ethereum0.1% = 0.01Ethereum Or you place an order to sell 10Ethereum at 3,452.55 USDT per share. Transaction fee = (10Ethereum3,452.55USDT)*0.1% = 34.5255USDT What many people do not know is that the Binance transaction fee can also be reduced. If you want to reduce your Binance trading fees, you must register using the invitation link below or use the invitation code "Q022W7SC". https://accounts.binance.com/en/register?ref=Q022W7SC

(2) Reducing OKX fees OKX is a professional digital currency trading platform loved by many users, and its transaction fees can be reduced. Depending on the volume of transactions, OKX divides its users into two levels: normal and professional. Ordinary users are graded according to their OKB positions, while professional users are graded according to their trading volume and asset size. The different tiers determine the trading fees for the next trading day. When calculating the fee levels, if the coin trading volume, total trading volume of delivery and perpetual contracts (USDT delivery contract, coin-based delivery contract, USDT perpetual contract, coin-based perpetual contract), option contract trading volume, and asset volume meet the conditions of different fee levels, users will enjoy the fee discount of the highest level. First method: OKX has an official maximum saving of 20%. Use the link below to register with OKX and save 20% on fees. https://www.ouyi.business/join/BTC1ETH Second method: Open the OKX website and enter "BTC1ETH" in the "Invitation Code" on the registration page to see the cashback percentage: 20% at the bottom. Be sure to enter this invitation code, otherwise you can not get 20% cashback percentage. (3) Reduce FTX fees FTX is currently a very fast-growing, contract players more exchange, you must register FTX if you play the contract. if you want to reduce the FTX transaction fees, you must use the following invitation link to register. https://ftx.com/referrals#a=121031692 3, trading road is long, together with forward Want to know more about how to reduce the commission? telegram: btcethcool We have set up a community dedicated to researching trading, add telegram friends to pull you into the community.