How to trade on BitMEX exchange? BitMEX Exchange Trading Tutorial

BitMEX exchange provides spot, futures and perpetual contract trading services. The transaction process includes: Selecting the transaction type: spot, futures or perpetual contract. Select a trading pair: for example BTC/USD or ETH/USDT. Enter the order details: transaction type, order quantity and price. Place an order: Confirm the order details and click "Place Order". Manage orders: View and manage orders in the order book. Liquidating orders: When an order reaches its profit or loss target, it can be liquidated to realize a profit or loss.

BitMEX Exchange Trading Tutorial

Getting Started

BitMEX Exchange is a cryptocurrency derivatives trading platform that provides spot, futures and perpetual contract trading services. To trade on BitMEX exchange you need to:

• Create an account
• Fund your account
• Understand trade types

Trade types

BitMEX exchange offers the following trade types:

• Spot Trading:Direct trading of buying and selling cryptocurrency assets.
• Futures Contract:A contract to buy or sell a cryptocurrency asset at a predetermined price on a specific date.
• Perpetual Contract:Similar to a futures contract, but without an expiry date.

Trading process

1. Select the transaction type

Select the type of transaction you want to conduct: spot, futures or perpetual contract.

2. Select Trading Pair

Select the cryptocurrency asset pair you want to trade, such as BTC/USD or ETH/USDT.

3. Enter order details

Enter your transaction type, order quantity and price.

4. Place an order

Confirm your order details and click "Place Order".

5. Manage your orders

Once an order is placed, you can view and manage your order in the order book.

6. Liquidate your order

When your order reaches the profit and loss target, you can liquidate it to realize your profit or loss.

IMPORTANT NOTE

• BitMEX exchange trading carries a high level of risk.
• Before trading, make sure you have sufficient knowledge about cryptocurrency trading and derivatives.
• Only trade what you can afford to lose.
• Use stop loss orders to manage your risk.
• Follow the terms and conditions of BitMEX exchange.

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