• Crypto Lists
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
  • Join our Telegram Community
Newsletter
ItsBlockchain
  • Bitcoin
    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    featured image

    How Bitcoin can be hacked?

    keep bitcoin safe

    Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

    featured image

    Bitcoin IRA – Everything You Need to Know

    A trillion dollar tsunami is about to hit Bitcoin

    A trillion dollar tsunami is about to hit Bitcoin

    featured image

    Why Bitcoin will always be the number one cryptocurrency? Explained

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    Trending Tags

    • Crypto Gems
    • NFT
    • DEFI
    • Crypto Lists
    • Altcoin
    • Crypto Market
    • Guide
    • IBC Capital
    No Result
    View All Result
    • Bitcoin
      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      featured image

      How Bitcoin can be hacked?

      keep bitcoin safe

      Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

      featured image

      Bitcoin IRA – Everything You Need to Know

      A trillion dollar tsunami is about to hit Bitcoin

      A trillion dollar tsunami is about to hit Bitcoin

      featured image

      Why Bitcoin will always be the number one cryptocurrency? Explained

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      Trending Tags

      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital
      No Result
      View All Result
      ItsBlockchain
      No Result
      View All Result
      Home Tips and Tricks

      Best Bitmex Trading Tips to Maximise Profits

      Hitesh Malviya by Hitesh Malviya
      March 9, 2020
      in Tips and Tricks, Trading
      0 0
      0
      Best Bitmex Trading Tips
      121
      SHARES
      388
      VIEWS
      Share on FacebookShare on Twitter

      BitMEX is a trading platform and exchange for cryptocurrencies. The exchange was founded by HDR Global Trading Limited and is by far one of the most advanced trading platforms throughout the cryptocurrency market. BitMEX is an abbreviation whose full form is Bitcoin Mercantile Exchange.

      With that in mind, it is important to note that on the trading platform, BitMEX’s trading list is quite short. It has the top 10 cryptocurrencies in the market, plus Ethereum Classic. By keeping the choices minimum, BitMEX sort of creates its own entry-level and minimizes loss and volatility to a manageable extent.

      The trading platform is known for a variety of orders that it facilitates its users to perform. The exchange itself facilitates up to 7 types of orders. Each of the seven has their own share of merits and demerits, however, the ability to take these orders through is completely dependant on whether or not the trader has enough liquidity to reverse or sustain a bad trade.

      The seven types of orders that BitMEX facilitates are;

      • Limit Order
      • Market Order
      • Stop Limit Order
      • Stop Market Order
      • Trailing Stop Order
      • Take Profit Limit Order
      • Take Profit Market Order

      While BitMEX is a great option as a trading platform and exchange, it is important to note that BitMEX is not a suitable option for beginners given that the methodology is extremely advanced. It goes without saying that the people behind the exchange and the cryptocurrency trading platform know what they’re talking about. The environment is high intensity and it is very easy to get carried away because of the same.

      For seasoned traders and for people looking to get in and master the advanced methodology of trading on the cryptocurrency trading platform, here are four pointers to keep in mind on BitMEX.

      1) Entering the Market

      The cryptocurrency market is a volatile environment. This is something that is common knowledge. But on BitMEX because the cryptocurrency trading platform specialises in derivative trading, which is an extension of securities trading. Also, the community speculation is an addition to the volatility of the cryptocurrency market and can lead to many false breakouts and wicks. The BitMEX trading platform is also known for being highly peculiar in its price movements and surges.

      So with these factors in mind, it is important to remember that before making a trade or an entrance, as a trader it is imperative that you time your entrance. Don’t be in a hurry, because you will end up paying extra transaction fee and will end up spending more than you intended to in the first place.

      Picking a time to make your entrance is very important because a wrong entrance can be catastrophic to your assets and your own financial liquidity. Don’t be in a hurry, don’t make rash decisions. That is the first tip to not making bad moves in the cryptocurrency market.

      2) Corroborate Information

       

      Speculation is a huge part of the cryptocurrency market. Conversations and trends in the cryptocurrency market can lead to many changes in actual pricing of cryptocurrencies across the board. This influence can inadvertently mislead traders to make bad moves. With that in mind, BitMEX’s price chart can be misleading.

      So to base your trades solely on the BitMEX price chart can mislead you. So when you find information on a particular price, corroborate it with a couple of other exchanges before deciding what to do with your holdings.

       

      3) Not For Beginners

       

      It is needless to say that the BitMEX trading platform is not for everybody. And most certainly not for beginners. When compared to other exchanges and trading platforms the user interface has been a major corner cut for BitMEX. Make sure you are seasoned trader on normal cryptocurrency exchanges and trading platforms before venturing into the BitMEX environment.

      This particular cryptocurrency trading platform has many high quality and complex methodologies at play behind the pricing and trading. So do not enter until you are confident enough about your skills as a trader and also make sure that your portfolio matches the same.

      4) Beware Of The Orders

       

      BitMEX is known for its orders and the vast number of then that are available. While most of them can be very tempting, know your limits.

      Be especially careful with the leveraging option. BitMEX allows you to leverage 100x of your cryptocurrency holdings. From a sole profit side of things it is a steal, but from a risk management side of things it isn’t. Make sure that you have the cryptocurrency assets to cover losses because losses will come your way with risky trades and orders.

      The same goes for the other orders as well. And there are seven types of orders that BitMEX provides and facilitates.

      Related: Bitmex vs Binance vs Deribit vs bybit – which is better?

      Hitesh Malviya

      Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
      Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.

      IBC-Transparent-Logo-(1)

      Subscribe To Our Newsletter

      Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.

      You have Successfully Subscribed!

      Tags: best tips for bitmex trading tips to maximise profitsBitMEXbitmex close positionbitmex guidebitmex leveragebitmex redditbitmex tipsbitmex trading strategybitmex trading tips to maximise profitsbitmex wikigain profite from bitmexhow to use bitmex390Remove term: top 5 best bitmex trading tips to maximise pprofits top 5 best bitmex trading tips to maximise profitstrading tips to maximise profits
      Share102Tweet8Share3

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      cryptohopper best crypto trading bot

      Cryptohopper– World’s best crypto trading Bot

      by Hitesh Malviya
      March 29, 2021
      1

      Cryptohopper- In recent years, the industry and understanding of cryptocurrencies have experienced astonishing growth. The market niche that this new...

      bitcoin 10000$

      Bitcoin reached above 10000$, Now what’s next?

      by Hitesh Malviya
      February 9, 2020
      0

      Bitcoin just hit the Five Digit Numbers and trading above 10000$. Bitcoin reached 10000$ after a gap of three months....

      LEND COIN

      LEND Coin could outperform Bitcoin in 2020

      by Hitesh Malviya
      February 7, 2020
      1

      LEND coin is a 111th ranked cryptocurrency on coinmarketcap. Lend is a native cryptocurrency token of a Decentralised protocol -...

      bitcoin 10000$

      Bitcoin can hit 10000$ this week

      by Hitesh Malviya
      February 5, 2020
      0

      Bitcoin price recently bounced off from 9100$ support area after a drop from 9600$, and currently trading above 9300$. Bitcoin...

      bitcoin 11000$

      Bitcoin Price can hit 11000$ in February

      by Hitesh Malviya
      February 1, 2020
      1

      Bitcoin Price Outlook in February: Bitcoin has entered into the second month of 2020, after having a most bullish price...

      Load More

      About Us

      We curate the best cryptocurrency projects with the intention of adding value for investors through the process of selecting, organizing, and looking after different projects available in the cryptocurrency market.

      • Trending
      • Comments
      • Latest
      featured image

      List of leading partners of Ripple, and How they use XRP?

      February 2, 2021
      Top 5 upcoming Token Airdrops (Step-by-Step Guides)

      Top 5 upcoming Token Airdrops (Step-by-Step Guides)

      November 22, 2022
      A Beginner’s Guide to the Cosmos Ecosystem

      A Beginner’s Guide to the Cosmos Ecosystem

      September 6, 2021
      featured image

      List of ChainLink Partnerships which skyrocketed the growth of LINK cryptocurrency

      February 2, 2021
      Lens Protocol: Everything You need to Know

      Lens Protocol: Everything You need to Know

      November 18, 2022
      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      May 27, 2021
      WTF is an xNFT? And Why Should You Care

      WTF is an xNFT? And Why Should You Care

      July 9, 2022
      EIP-4844 Explained | The Biggest Ethereum Upgrade

      EIP-4844 Explained | The Biggest Ethereum Upgrade

      February 7, 2023
      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      January 17, 2023
      RINO Enterprise Wallet launches free Community Edition

      RINO Enterprise Wallet launches free Community Edition

      January 14, 2023
      Top 5 DeFi Projects on Tezos

      Top 5 DeFi Projects on Tezos

      December 26, 2022
      Modular Blockchains: The Next Big Thing in Web3

      Modular Blockchains: The Next Big Thing in Web3

      December 12, 2022
      A Dummy’s Guide to Ethereum Rollups

      A Dummy’s Guide to Ethereum Rollups

      November 30, 2022
      Tezos Blockchain is Always Under the Radar but Continues to Excel

      Tezos Blockchain is Always Under the Radar but Continues to Excel

      November 22, 2022
      • Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        29616 shares
        Share 11836 Tweet 7397
      • A Mysterious Bitcoin Whale who sold 3000 Bitcoins at 58K$, Bought back 3521 Bitcoins in the last three days

        9924 shares
        Share 3969 Tweet 2481
      • Top 10 Low market cap altcoins to invest in 2021

        7257 shares
        Share 2901 Tweet 1813
      • Top 10 NFT Crypto Projects You Should Know

        7256 shares
        Share 2619 Tweet 1637
      • List of leading partners of Ripple, and How they use XRP?

        5996 shares
        Share 2398 Tweet 1499
      ItsBlockchain

      We are India’s first and oldest Blockchain & Cryptocurrency publication platform started in 2016. We are a one-stop destination for technical analysis, cryptocurrency recommendations, and Blockchain technology resources.

      Buying Guides

      • Buy Bitcoins in India
      • Buy Bitcoins in China
      • Buy bitcoins in Russia
      • Buy Bitcoins in Japan
      • Buy Bitcoins in Turkey

      Important Links

      • Home
      • About US
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      Follow Us

      Contact us

      support@itsblockchain.com

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      No Result
      View All Result
      • Bitcoin
      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.