What are the best practices for determining the appropriate leverage level on BitMEX?

1 answers

• not_so_coderDec 03, 2023 · 2 years ago
  At BYDFi, we recommend a cautious approach when determining the appropriate leverage level on BitMEX. It's crucial to thoroughly understand the risks associated with leverage trading and to carefully assess your risk tolerance. We suggest starting with a lower leverage level and gradually increasing it as you gain more experience and confidence in your trading abilities. It's also important to regularly review and adjust your leverage level based on market conditions and your trading strategy. Remember, responsible trading is key to long-term success.
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