How to do Margin Trading?

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How to do Margin Trading?
How To Open LYOTRADE Margin Trading
Opening a margin account on the LYOTRADE platform allows for the trading of assets using crypto funds. Margin trading gives you access to larger amounts of crypto as capital for investments for a borrowing fee.
1.Log in to your account, and then click [Margin] to reach the Margin trading page.
Under Margin Trading, you have 2 options as below,
● Standard Margin Trading
● Pro Margin Trading
1.Click [Transfer] on the right corner of the platform
Click [Transfer of funds] and enter the coin then confirm
1.Click [Borrow] on the right corner of the platform
Click [Borrow], select the coin and enter the amount and click [Confirm]
Note:
● To improve your account’s security, you'll need to enable 2FA before opening a Margin Account.
How To Get Started With Margin Trading On LYOTRADE?

Margin trading on LYOTRADE is an easy process. After creating an account, complete your identity verification via KYC, and enable 2FA. Then, you’re ready to start (as long as your country isn’t restricted).
1.Under your account balance information, you’ll find exchange and margin details; click on [Margin].
2.After carefully reading the margin account agreement, select ‘I understand’.
3.Then, you will be able to transfer funds into your new Margin Trading Wallet. For example, you can transfer BTC, ETH, and BNB from their Exchange Wallet to their Margin Wallet. These funds will act as collateral to any borrowed funds incorporated in a margin trade and determine how much you can borrow (fixed rate at 5:1).
4.Click [Borrow/Repay], enter the amount you wish to borrow, note the hourly interest rate, and click [Confirm Borrow]. The funds will be credited to your margin account (which can be checked under your balance/margin button). The balance dash comes with a margin level gauge that relates the risk level to the borrowed funds, collateral you hold, and the market value. Margin level can be calculated as such: Margin Level = Total Asset Value / (Total Borrowed + Total Accrued Interest)
5.If your margin level decreases, you either need to increase your collateral or reduce your loan. A margin level of 1.1 will automatically be liquidated, or in other words, LYOTRADE will sell the funds at market price to repay the loan.
How To Long On Margin Trading
In Margin trading, “Long” refers to buying at a low price and then selling at a higher price. In this way, you can earn a profit from the price difference.
How to Short on Margin Trading
In margin trading, “Short” refers to selling at a high price rather than buying at a lower price. In this way, you can earn a profit from the price difference.
How to Transfer Funds to LYOTRADE Margin Account
1. Log in to your LYOTRADE account and click [Balances].
2. Scroll down to select [Margin account ].
3. Select the coin you want to transfer and click [Transfer].
4. Select the Wallet you want to transfer and enter the amount and click [Confirm] 
5. Once your transfer is completed, you will see your updated Margin Account balance from your account dashboard.
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