Can you explain how to go short on BitMEX?

3 answers

• kinkar dindaJun 09, 2024 · a year ago
  Sure, going short on BitMEX means betting on the price of a cryptocurrency to decrease. To do this, you need to open a short position by selling a cryptocurrency contract that you don't own. When the price drops, you can buy back the contract at a lower price and make a profit. It's important to note that shorting can be risky, as the price can also go up. Make sure to set a stop-loss order to limit potential losses.
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• Berkay GoekmenNov 19, 2020 · 5 years ago
  Going short on BitMEX is pretty straightforward. First, you need to create an account and deposit funds. Then, navigate to the trading interface and select the cryptocurrency you want to short. Choose the contract type and set the leverage level. Enter the quantity you want to sell and click on the 'Sell/Short' button. Confirm the order and you're done! Just remember to monitor the market closely and be aware of the risks involved.
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• Alex ZhongDec 02, 2023 · 2 years ago
  To go short on BitMEX, you can follow these steps: 1. Sign up for an account on BitMEX. 2. Deposit funds into your account. 3. Navigate to the trading interface and select the cryptocurrency you want to short. 4. Choose the contract type and set the leverage level. 5. Enter the quantity you want to sell and click on the 'Sell/Short' button. 6. Confirm the order and monitor the market closely. Remember to always do your own research and consider the risks before engaging in shorting or any other trading activity.
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