just remind how to trade on BitMex
GUIDE: HOW TO SHORT BITCOIN WITH LEVERAGE BY USING BITMEX
Margin trading allows you to short (sell) Bitcoin. It is riskier, but lets you make much more profit in less time with leverage up to 100x. All you need is a Bitmex trading account:
https://www.bitmex.com/register/4Ogv84Please use this link and enjoy 10% less fees for 6 months! After 6 months, make a new account, repeat and enjoy
🅰️ Click "Account" at the top left corner and deposit some BTC to start with.
🅱️ Click "Trade" to start your trading.
1️⃣ To buy or sell at market price, click "Market".
2️⃣ Select the leverage 5x, 10x or 25x.
Remember: The higher the leverage, the lower is the liquidation price (the price at which your position will be closed automatically). Once you are in a trade, do not change the leverage anymore! Any change here will update your running position immediately with the new setting!
3️⃣ Type in the amount you want to trade multiplied by the leverage.
For example: You want to trade with $10 and 10x leverage, so you type in $100.
4️⃣ Verify your order.
In our example you invest 0.0014 XBT (~$10) with 10x leverage. But the order value equals 0.0147 XBT (~$100).
Remember: If you hover the little "?", Bitmex will show you the liquidation price of your order.
5️⃣ Click "Sell Market" whenever you are ready.
Every single 1% gain will now net you 10 times more profit with 10x leverage! That is the magic of margin trading.