Hey, guys. Welcome to daily tips with Bitcoin ignition. Today's tip is a warning. Two newbies in regards to leverage trading. I want to start by saying that I trade leverage myself. In fact, posting my trade setups is how I bought my initial following on Facebook. But it's important for all newbies in the space to understand that leverage trading is a form of gambling and that most people who gamble lose. But just like gambling, there is a way to win, using a good strategy, playing the odds and managing your risk. This means being able to make decisions that runs counter to your emotions, and that's almost impossible. When you're a new property investor, you're not accustomed to the big swings yet, and that's something you need to get a handle on before you can even consider using leverage. So leverage is a great tool in the right hand, but incredibly dangerous for new players. And in fact, the majority of experienced riders will come and start using it. My advice for New Zealanders don't even think about it in your first year. And if you see someone promoting level trading without a risk management plan or without a predetermined stop loss. Unfollowed that person because they do not have your best interest in mind. Cheers, guys. I'll catch you tomorrow.

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