Can you provide a step-by-step guide on how to use leverage on BitMEX?

1 answers

• Pavithrakumari MJan 25, 2024 · 2 years ago
  Sure thing! Here's a step-by-step guide on how to use leverage on BitMEX: 1. Log in to your BitMEX account or create a new one if you don't have an account yet. 2. Once logged in, go to the 'Trade' tab. 3. Choose the trading pair you want to trade with leverage. 4. Select the leverage level you want to use. BitMEX offers leverage options ranging from 1x to 100x. 5. Enter the quantity and type of order (market or limit) you want to place. 6. Review your order details and click on the 'Submit' button to execute the trade. 7. Keep an eye on your position and manage your risk accordingly. Leverage can magnify both profits and losses. I hope this guide helps you understand how to use leverage on BitMEX. Happy trading!
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