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Author Topic: I'm new to margin trading, can somebody explain the following (bitfinex)  (Read 1149 times)
findftp
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December 10, 2014, 09:12:18 AM
 #1

Hello,

I'm trading for months, but never did margin trading before and now I just want to understand how it works and what all the numbers mean.
I made a bitfinex account, deposited some satoshis and start experimenting with very low amounts to understand first what I'm doing.
A few days ago I was very sure the price was going to drop (a lot) so I figured I had to margin sell (mean selling of lended bitcoins right?)
Now, after a few days this is the result:




Can someone help me with what all the numbers mean?
These are my thoughts when I look at it:

1. same as number 2.
2. GOTO 1
3. That must be my great insight because it's green. Green means good. I could probably cash-in the 0,77 when I close my position, right?
4. Red means bad, but since it's zero it is good.
5. Don't know, but it is exactly point 2 and 3 combined. Since it's green it's probably good
6. Don't have a clue.
7. Some balance for additional trading, this number went higher when number 3 increased.
8. No clue
9. Probably the fee which is taken by bitfinex.



I'm sorry for asking stupid questions, but I'm new to this.
I just want to understand how it works and get filthy rich of it.



Edit:
Additional questions:


1. What I margin sold ,4000000 satoshis
2. Price when selling?
3. If market price goes above this my position is forced to close?
4. Profit! green = good!
5. Same as 4, but then percentage
6. Red = bad, but it's zero so it's good.
7. No idea.





1FdwDuV2qgsw2w1Lza8nsea7L6mQxsc7g3
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emoneyroute
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December 11, 2014, 11:54:56 AM
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1. Your current balance
2. The avaiable balance for trade
3. profit / loss, since you have an open position its unrealized
4. Swap is a very low amount which if you open your trade during the night it will add or deduce to your balance. if you sell it will deduce a fee if you had opened buy position the amount will add to your balnce or vise vera. you should test it.
5. your current balance if you close your position now.
6. minimum amount for trade.
7. total tradeable money
8. when you open a position 30% of your balance deduce for margin. actully you trade just by 30% of your money.
9. no clue!


1. the amount you opened position by.
2. price when you opened the position.
3. no clue!
4. Profit / loss
5. you're right!
6. your position is not opened a long time (during the night) so its zero.
7. swap calculating day by day.
findftp
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December 11, 2014, 11:56:37 PM
Last edit: December 12, 2014, 08:42:47 AM by findftp
 #3

1. Your current balance
2. The avaiable balance for trade
3. profit / loss, since you have an open position its unrealized
4. Swap is a very low amount which if you open your trade during the night it will add or deduce to your balance. if you sell it will deduce a fee if you had opened buy position the amount will add to your balnce or vise vera. you should test it.
5. your current balance if you close your position now.
6. minimum amount for trade.
7. total tradeable money
8. when you open a position 30% of your balance deduce for margin. actully you trade just by 30% of your money.
9. no clue!


1. the amount you opened position by.
2. price when you opened the position.
3. no clue!
4. Profit / loss
5. you're right!
6. your position is not opened a long time (during the night) so its zero.
7. swap calculating day by day.

That of all people a newbie is helping me!
Thanks a lot! (wonder if the rest knows what they're doing)

1FdwDuV2qgsw2w1Lza8nsea7L6mQxsc7g3
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