How do I into margin trading?
How do I into margin trading?
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bitmex.com
bitmex.com
twitter.com
buy high sell low
place an order
1. Open an account bitmex.com
2. Fund you acccount
3. Adjust your leverage to the amount of risk you're willing to take
4. Place a long order after a dip
5. Close your order when momentum stops
6. Enjoy your profits
Don't. You can spend all day reading trends and chaets and then get liquidated because of a single whale
If you need to ask this question it means you're absolutely not ready for margin trading.
Register at bitmex. I would recommend using 5-25x leverage even though the exchange allows up to 100x.
Feel free to get 10% off trading fees by using the link: bitmex.com
Just dont. The extra money is nice but worth less than the years of life shaved off from your life span due to stress and reading the order books.
warning DO NOT use kraken for it
i only buy outright and short 2x ocassionally.
too risky to go higher
Can you short just any coins listed on those exchanges, or just some like on Poloshit?
I can also recommend not entering this haunted realm of darkness that they call "margin trading"
Bitcoin, ETH, ETC, Dash, QTUM, LTC, Monero, Ripple, ZCash, Tezos
open account on broker that allows leverage
???
profit
Exchange owners will fuck you over. Margin trading is a biggest noob trap ever.
Why ?
Fuck it, not worth the gamble then.
Poloniex is pretty good. Try opening an account there.
What about loaning bitcoins to buy altcoins? Is that even more fucked up?
waste of time you will just lose your money like 99% of margin traders.
It's at least good to know where I could margin trade. Back when ETH was mooning and I knew when BTC was tanking I had no idea of anything more than 3x margin.
True.
you might as well 'invest' in a casino trip
no stop losses
and it's laggy