Note, you do get 10% off fees if you sign up through a referral link. Feel free to use mine:
http://bitmex.com/register/BCCNeF , but even if you don't use mine, use someone's because it's 10% off fees, which adds up.
I kept seeing the Bitmex wrecked twitter thing and seeing mentions of leverage all over 4chan, but had absolutely no idea what it all meant. It also looked too complicated for me so I've always ignored it. Got bored today and it's actually much simpler than it seems. There's a ton of guides that go super in-depth and those made absolutely no sense to me, so I'm going to explain it from an idiot's perspective.
First of all, the draw of Bitmex is you can do what's called Leveraged trading. In the simplest terms possible, it means you multiply your percentage gains/losses. If you go 10x leverage long on bitcoin and bitcoin gains 1%, you gain 10% more money. This is super cool for impatient people like me because it allows you to trade more actively without getting wrecked by fees, and it's ridiculously exciting.
well
thank a lot for explanation
i hate bitmex for now .
its just like gambling.
better traditional trading ,i guess
also better you going to blackjack if u want quick money or quick burned.
