bitmex marketcap

Bitmex Guide

Bitmex

Meaning Bitcoin Mercantile Exchange, BitMEX is one of the largest Bitcoin trading platforms currently operating, with a daily trading volume of over 35,000 BTC and over 540,000 accesses monthly and a trading history of over $34 billion worth of Bitcoin since its inception .

Signing up Bitmex

Users will need to register with the website in order to create an account and provide a genuine email address to start the registration process.

Note ! Register with this link Includes six months discount .

After “ verify email ” you can setup your Two-Factor Authentication (2FA).

Depositing Funds

So, for start your trading bitmex , you need to charge wallet

Bitmex-Deposit
Bitmex-Deposit

Warning: Do not send Litecoin, Bitcoin Cash, or Tether to this address. Any unsupported coins sent here will be lost.

Return to tarde page , there is place order like below …

bitmex-place-order
bitmex-place-order


Contract :By placing an order on Bitmex, you are buying their “contract”, not BTC. Each contract is worth $1. As you can see in the picture, the quantity is $100. This quantity is the BTC contract. $100 quantity equals ~100 contracts.

Long : When a trader is in a long trade, they bought “Buy” contracts for an asset and are hoping the price will go up.

Short : Day traders in short trades sell assets before buying them and are hoping the price will go down.

LEVERAGE :This is the most important part of this guide. Please understand it carefully before trading. In theory, leverage allows you to borrow your money from the exchange to increase your position size. Example: you borrow $1000 to increase your position size from $1000 to $2000 then return the loan after you close your position. When BTC goes up 10%, you will also make more profit and vice versa.

Example:
No leverage profit: $1000 * 10% = $100
Leverage profit:  $2000 * 10% = $200

Limit price : Let’s move on to the limit price. What is it? The limit price is the price that your position will be filled once the market price reaches the limit price .

Stop market : order is used for setting stop-loss. Example: You have a long position at $6000 and you want to set a stop-loss at 5990. Open the stop market order, type in the stop price 5990, an order will be opened and filled at the same time when the market reaches that price. On a side note, close on trigger is an advance feature of Bitmex. When you check this box, all the amount in your position and open-order will be reduced, canceled upon the trigger.

Stop-price-Bitmex
Stop-price-Bitmex

Stop-limit : order is similar to stop market order. However, there is one difference, stop price triggers limit price. Example: you set stop price at $6000 and limit price at $5900 for your long position. The $5900 order can only be triggered once the market price comes down to $6000.  Here the order becomes activated and visible in the order book (if you have “hidden” unchecked). From now other traders can pick up your order. However, setting up your stop-loss is not advisable and a common pitfall. On rapid price movements, far below the stop-limit order, it is likely that your order will not get filled – which means your stop-loss is useless. Hence, we recommend to use the (more expensive) market orders for your stop-loss as the likeliness of getting it filled is much better.

In other words, it’s a price interval. By using this type of order, you can protect your profit. Example: You open a long position at $6000, BTC rises from $6000 to $6010, a stop-loss order will be placed at $6005. However, if it keeps rising, the stop-loss order will be increased accordingly and always be placed $5 less than the current price.

Order book : This board shows you the current open orders including short and long orders. 

Order Book Bitmex
Order Book Bitmex


Chart windows : This is the chart for you to set up your trading strategies.

Chart windows Bitmex
Chart windows Bitmex


Open position

open-positin-bitmex
open-positin-bitmex


This is where you can see your current position. Let’s explain all the terms in this board. Symbol is the product of your position. Size is the amount of money you put in your position. The value indicates the worth of your position .

 Entry price tells you when your order is filled. Mark price is the last price of the product of your position. Liquidation price indicates at which price, your position will be liquidated by the exchange. Margin is your position after you used leverage. Unrealized PNL (profit and loss) is what your position has gained/lost right now if you would close it down at this very moment. Unrealised PNL is the amount of gain/loss that the exchange realizes.

Unlike unrealised PNL, realised PNL is the real profit and loss after you close your position it shows how much you made or lost within the current trade with this instrument, but also shows earnings like from the fundng rate for example.

For more information you can refer to

If you want to trade BTC , ADA , ETH , XRP or other pair-coin in Bitmex , Need to Bitmex signal that find in this link . just write comment and Get rich !! But Take caution Trader have Laws !!

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