Hey i want to start trade on bitmex but donot understand what is stop loss.I was starting demo trade but lost my xbtc so anyone please tell me how to get profit and which youtube channnel or site usefull for me ..thanks
I am a trader too but I seldom use stop loss definitely because I am not familiar with it. I do not say you copy me but I am trading without that. I just have to be a little bit vigilant because I might lose more for not using that stop loss. See the difference?
Guys, initially you want to give you advice, which is that you should only trade Bitmix 3 or 5 percent of your entire deposit in order to avoid certain risks of losing your money. But if we talk about stop loss and its benefits, then there is a dynamic leverage and an isolated leverage in trading, the difference between which is that one fully uses your deposit automatically or is used by certain restrictions.
