How can I avoid getting 'rekt' on BitMEX?

1 answers

• goodluck305Oct 18, 2023 · 2 years ago
  At BYDFi, we understand the importance of avoiding getting 'rekt' on BitMEX. One strategy we recommend is to use a combination of technical analysis and fundamental analysis to identify potential trading opportunities. Technical analysis involves studying price charts and patterns to predict future price movements, while fundamental analysis involves analyzing the underlying factors that can impact the value of a cryptocurrency. By combining these two approaches, you can make more informed trading decisions and reduce the risk of getting 'rekt'. Additionally, consider using stop limit orders to automatically execute trades at a specific price, which can help protect your profits and limit potential losses. Remember, trading cryptocurrencies always carries risks, so it's important to stay vigilant and continuously educate yourself.
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