What are the key factors to consider before starting margin trading Bitcoin on BitMEX?

1 answers

• BerychcFeb 17, 2021 · 5 years ago
  As an expert in the field, I would like to emphasize the importance of conducting thorough research and due diligence before starting margin trading on BitMEX. It is crucial to understand the platform's fee structure, trading interface, and order execution process. Familiarize yourself with the different types of orders available and their implications. Consider the availability of customer support and the platform's security measures. Additionally, it is recommended to start with a small position size and gradually increase it as you gain confidence and experience. Keep in mind that margin trading involves the potential for significant gains, but also substantial losses. Therefore, it is essential to have a well-defined risk management strategy in place to protect your investment.
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