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RE: Binance Opens Up Margin Trading To All Eligible Users! Will You Take The Plunge?
It's very risky unless you're a professional day trader and disciplined & skilled enough to make consistent profits in spot trading.
Even though if you want to taste the waters, I'd suggest to take baby steps through some dummy trading platform like the testnet of KuCoin's KuMEX. Try to win some trading competitions there before you actually put some real money into the game.
I've done leveraged trades before, especially when I used to trade forex markets when I was younger. Crypto is volatile enough without leverage and expensive if you aren't watching the chart throughout your trade. You can't hold leveraged positions for days as you have to account for interest to be paid on borrowed funds which can spell trouble if market reverse.
If market reverses which it can very quickly with BTC, stop loss will liquidate you in no time. It's always good to trade on probability, having calculated your Risk-Reward ratio with excellent risk management. Normal trading is much easier and suited for most people. You can do margin trades in parabolic bull runs sometimes where the probability of a short at a specific level is extremely high. Recent example is the 13.8K-14K high. :)
Good to know that you're a weathered person and know what you do. Good luck to you in your endeavours!