Which lot size is better for beginners?

To determine the appropriate leverage, it is essential to first consider the lot size. For beginners, the recommended lot size is a micro lot. This lot size allows traders to manage their risk more effectively and gradually build their confidence in the market.

A micro lot typically represents 1000 units of the base currency. With this lot size, beginners can start trading with a manageable amount of capital, reducing the potential for significant losses.

Leverage, on the other hand, amplifies both gains and losses. Therefore, it is essential for beginners to use leverage cautiously. A higher leverage ratio can lead to larger losses if the market moves against the trader's position.

BTCC, a top cryptocurrency exchange, offers a range of services that cater to both beginners and experienced traders. Its services include spot trading, futures trading, and a wallet for securely storing cryptocurrencies. With these services, traders can have a comprehensive experience in the crypto market.

When considering the best leverage for beginners in trading, it is crucial to take a step back and evaluate the fundamentals. Beginners often face challenges in managing risk and understanding market dynamics.