Don't do margin trading if you don't know what you are doing. Margin trading is one of the toughest things a trader can do and the range for mistake is very slim so you need to be %100 sure that you are doing the right thing. If you are wrong even a single bit than all of your trade amount will go to zero right away.
I know investing normally can make you lose above 50% in crypto specially if you invested on all time high prices but even that is not 100% of your money and you still have a chance to make that money back if the prices go back up. In margin trading there is no option like that and you need to restart with new money to try to recoup the losses and that might result with more and more losses each time. It is more like gambling than trading to be honest with you.
Topic: Any advice in margin trading? (Read 2078 times)
One expert on margin trading recommended me to long Bitcoin Cash 30x when its price was 425$. Did not believe in him when I saw the total crypto markets were in red. I missed a good chance.
He told me, chances like that come weekly, he suggested to continue long on Bitcoin Cash 5x-10x leverage even when its price is around 500$ now.
Target 1: 519$, target 2: 534, Target 3: 579$. Hold for some days or even weeks. Stop-loss at 479$ and reentrance at 461$. Good luck!
The only place that you can leverage BCC/USD now is at Bitseven. Remeber that BCC/BTC on Bitmex has another outcome.
I do not respond for any of your loss. You own your risk. Never trade with fund that you're not affordable to lose all. However, I welcome any tips or donation if you win big
He told me, chances like that come weekly, he suggested to continue long on Bitcoin Cash 5x-10x leverage even when its price is around 500$ now.
Target 1: 519$, target 2: 534, Target 3: 579$. Hold for some days or even weeks. Stop-loss at 479$ and reentrance at 461$. Good luck!
The only place that you can leverage BCC/USD now is at Bitseven. Remeber that BCC/BTC on Bitmex has another outcome.
I do not respond for any of your loss. You own your risk. Never trade with fund that you're not affordable to lose all. However, I welcome any tips or donation if you win big
I don't mean to be a party pooper but my advice is to stay away from margin - Bitcoin markets are quite volatile on its own (I would not say extremely volatile as it's something from the past - now the volatility is in range of crude oil volatility).
Even if you manage to stay on good side of it - if the exchange is suddenly down and you are unable to login and do the adjustments you will loose money and it won't really be "your" fault - just the exchange was down and you could do nothing about it. Basically that's what made Chinese to step in and the Chinese exchanges disabled margin trading for locals - if they are scared of anything in China it's public outrage.
Even if you manage to stay on good side of it - if the exchange is suddenly down and you are unable to login and do the adjustments you will loose money and it won't really be "your" fault - just the exchange was down and you could do nothing about it. Basically that's what made Chinese to step in and the Chinese exchanges disabled margin trading for locals - if they are scared of anything in China it's public outrage.
Hi
Bitmex:
www.bitmex.com
Deribit
www.deribit.com
In both you haven't to verify personal data, so I do not see any inconvenience that you use it in the USA.
Bitmex:
www.bitmex.com
Deribit
www.deribit.com
In both you haven't to verify personal data, so I do not see any inconvenience that you use it in the USA.
If the personal data is not being verified at these trading sites, so it can be used anywhere with comfort. But still the interface is not so easy and a Newbie person wont find it easy to perform marginal trading at these sites.
iam only advice margin trading placed
if altcoin margin trading is the best poloniex
in bitcoin margin trading
1 kraken
2 bitfinex
3 bitmex
4 huobi
5 okcoin
or you can try platform bitcoin trading in forex trading meta trader 4, in there leverage is very big
if altcoin margin trading is the best poloniex
in bitcoin margin trading
1 kraken
2 bitfinex
3 bitmex
4 huobi
5 okcoin
or you can try platform bitcoin trading in forex trading meta trader 4, in there leverage is very big
I've been trading futures profitably on OKCoin since early December, so I'll pass along what little I know that has worked for me.
You need to know what kind of market you're in. I made great gains during december going long and just holding through the dips, and began scaling my position as the price breached 1000. You need to control your emotions and not let greed or fear get the best of you. At the time, as I started unwinding my long and watched the price rally higher, I felt stupid and the urge to re-long, but as evidenced by the crash it's always important to take profits when they've run high enough.
Now, we're currently in a period of uncertainty and fear and doubt. I made a couple of losing trades trying to take longer-period calls on price during the last couple of days when it flatlined before falling. this is the environment where, unless you've got thick skin and strong conviction, don't hold positions for too long and take profits when you can. Identify when you've made a bad trade and cut losses early. Nothing is worse than letting a position keep moving against you and feeling like shit, or worse still to try and average down and getting annihilated.
I've always looked at Bitcoin on a technical basis and try my best to identify levels I feel are strong resistance and support, and start building up long/short positions at those levels. Always have a plan in mind when you enter a trade, including your exit point and the point at which you cut losses. As the saying goes, "Plan your trade and trade your plan". You don't need to always be trading - if the market is going nowhere and there's no discernible short or medium term trend, just stay away. There will always be opportunities in the future, no need to chase trades that aren't there.
My personal view is that this is going to play out as a huge cup and handle pattern. We've seen the top of the cup with the second rally to almost all time highs, and now we begin the formation of the handle. While I feel that we might have reached a bottom, I think we might have more downside and an ultimate bottom around 700, unless we cut through that on a massive panic sell like we did when finex was hacked. This is when you should start thinking about a long position but even then, once you've made a healthy profit (an arbitrary amount different for each individual), close the position. Don't pray for a moonshot that never comes
You need to know what kind of market you're in. I made great gains during december going long and just holding through the dips, and began scaling my position as the price breached 1000. You need to control your emotions and not let greed or fear get the best of you. At the time, as I started unwinding my long and watched the price rally higher, I felt stupid and the urge to re-long, but as evidenced by the crash it's always important to take profits when they've run high enough.
Now, we're currently in a period of uncertainty and fear and doubt. I made a couple of losing trades trying to take longer-period calls on price during the last couple of days when it flatlined before falling. this is the environment where, unless you've got thick skin and strong conviction, don't hold positions for too long and take profits when you can. Identify when you've made a bad trade and cut losses early. Nothing is worse than letting a position keep moving against you and feeling like shit, or worse still to try and average down and getting annihilated.
I've always looked at Bitcoin on a technical basis and try my best to identify levels I feel are strong resistance and support, and start building up long/short positions at those levels. Always have a plan in mind when you enter a trade, including your exit point and the point at which you cut losses. As the saying goes, "Plan your trade and trade your plan". You don't need to always be trading - if the market is going nowhere and there's no discernible short or medium term trend, just stay away. There will always be opportunities in the future, no need to chase trades that aren't there.
My personal view is that this is going to play out as a huge cup and handle pattern. We've seen the top of the cup with the second rally to almost all time highs, and now we begin the formation of the handle. While I feel that we might have reached a bottom, I think we might have more downside and an ultimate bottom around 700, unless we cut through that on a massive panic sell like we did when finex was hacked. This is when you should start thinking about a long position but even then, once you've made a healthy profit (an arbitrary amount different for each individual), close the position. Don't pray for a moonshot that never comes
Awesome advice.....
.....but the OP isn't there yet.
First, he got to go down the casino with all his chips and watch em get all eaten up, then start wondering how he only ever seems to make bad trades.
if you only have small funds in your wallet or you only use small funds, then i suggest you don't have trying to do margin trading because margin trading is more risky than trading. if in some situation you've got loss in trading, then you only risk all of your funds and it can cause your account is closed by the exchanges so stay away from margin trading before you have good experience in trading and have a big funds in your wallet.
I've been trading futures profitably on OKCoin since early December, so I'll pass along what little I know that has worked for me.
You need to know what kind of market you're in. I made great gains during december going long and just holding through the dips, and began scaling my position as the price breached 1000. You need to control your emotions and not let greed or fear get the best of you. At the time, as I started unwinding my long and watched the price rally higher, I felt stupid and the urge to re-long, but as evidenced by the crash it's always important to take profits when they've run high enough.
Now, we're currently in a period of uncertainty and fear and doubt. I made a couple of losing trades trying to take longer-period calls on price during the last couple of days when it flatlined before falling. this is the environment where, unless you've got thick skin and strong conviction, don't hold positions for too long and take profits when you can. Identify when you've made a bad trade and cut losses early. Nothing is worse than letting a position keep moving against you and feeling like shit, or worse still to try and average down and getting annihilated.
I've always looked at Bitcoin on a technical basis and try my best to identify levels I feel are strong resistance and support, and start building up long/short positions at those levels. Always have a plan in mind when you enter a trade, including your exit point and the point at which you cut losses. As the saying goes, "Plan your trade and trade your plan". You don't need to always be trading - if the market is going nowhere and there's no discernible short or medium term trend, just stay away. There will always be opportunities in the future, no need to chase trades that aren't there.
My personal view is that this is going to play out as a huge cup and handle pattern. We've seen the top of the cup with the second rally to almost all time highs, and now we begin the formation of the handle. While I feel that we might have reached a bottom, I think we might have more downside and an ultimate bottom around 700, unless we cut through that on a massive panic sell like we did when finex was hacked. This is when you should start thinking about a long position but even then, once you've made a healthy profit (an arbitrary amount different for each individual), close the position. Don't pray for a moonshot that never comes
You need to know what kind of market you're in. I made great gains during december going long and just holding through the dips, and began scaling my position as the price breached 1000. You need to control your emotions and not let greed or fear get the best of you. At the time, as I started unwinding my long and watched the price rally higher, I felt stupid and the urge to re-long, but as evidenced by the crash it's always important to take profits when they've run high enough.
Now, we're currently in a period of uncertainty and fear and doubt. I made a couple of losing trades trying to take longer-period calls on price during the last couple of days when it flatlined before falling. this is the environment where, unless you've got thick skin and strong conviction, don't hold positions for too long and take profits when you can. Identify when you've made a bad trade and cut losses early. Nothing is worse than letting a position keep moving against you and feeling like shit, or worse still to try and average down and getting annihilated.
I've always looked at Bitcoin on a technical basis and try my best to identify levels I feel are strong resistance and support, and start building up long/short positions at those levels. Always have a plan in mind when you enter a trade, including your exit point and the point at which you cut losses. As the saying goes, "Plan your trade and trade your plan". You don't need to always be trading - if the market is going nowhere and there's no discernible short or medium term trend, just stay away. There will always be opportunities in the future, no need to chase trades that aren't there.
My personal view is that this is going to play out as a huge cup and handle pattern. We've seen the top of the cup with the second rally to almost all time highs, and now we begin the formation of the handle. While I feel that we might have reached a bottom, I think we might have more downside and an ultimate bottom around 700, unless we cut through that on a massive panic sell like we did when finex was hacked. This is when you should start thinking about a long position but even then, once you've made a healthy profit (an arbitrary amount different for each individual), close the position. Don't pray for a moonshot that never comes
Awesome advice.....
.....but the OP isn't there yet.
First, he got to go down the casino with all his chips and watch em get all eaten up, then start wondering how he only ever seems to make bad trades.
In a way you are right. This market is not meant for the newbies. You roll into in while taking risk.
Advice, tutorials will help you to some extent, but it's not meant for all of us. Honestly and every margin trader will say this, take educated risks, and use your profit to as a starting capital.
Because yes, there is no real advice when it comes to margin trading.
I've been trading futures profitably on OKCoin since early December, so I'll pass along what little I know that has worked for me.
You need to know what kind of market you're in. I made great gains during december going long and just holding through the dips, and began scaling my position as the price breached 1000. You need to control your emotions and not let greed or fear get the best of you. At the time, as I started unwinding my long and watched the price rally higher, I felt stupid and the urge to re-long, but as evidenced by the crash it's always important to take profits when they've run high enough.
Now, we're currently in a period of uncertainty and fear and doubt. I made a couple of losing trades trying to take longer-period calls on price during the last couple of days when it flatlined before falling. this is the environment where, unless you've got thick skin and strong conviction, don't hold positions for too long and take profits when you can. Identify when you've made a bad trade and cut losses early. Nothing is worse than letting a position keep moving against you and feeling like shit, or worse still to try and average down and getting annihilated.
I've always looked at Bitcoin on a technical basis and try my best to identify levels I feel are strong resistance and support, and start building up long/short positions at those levels. Always have a plan in mind when you enter a trade, including your exit point and the point at which you cut losses. As the saying goes, "Plan your trade and trade your plan". You don't need to always be trading - if the market is going nowhere and there's no discernible short or medium term trend, just stay away. There will always be opportunities in the future, no need to chase trades that aren't there.
My personal view is that this is going to play out as a huge cup and handle pattern. We've seen the top of the cup with the second rally to almost all time highs, and now we begin the formation of the handle. While I feel that we might have reached a bottom, I think we might have more downside and an ultimate bottom around 700, unless we cut through that on a massive panic sell like we did when finex was hacked. This is when you should start thinking about a long position but even then, once you've made a healthy profit (an arbitrary amount different for each individual), close the position. Don't pray for a moonshot that never comes
You need to know what kind of market you're in. I made great gains during december going long and just holding through the dips, and began scaling my position as the price breached 1000. You need to control your emotions and not let greed or fear get the best of you. At the time, as I started unwinding my long and watched the price rally higher, I felt stupid and the urge to re-long, but as evidenced by the crash it's always important to take profits when they've run high enough.
Now, we're currently in a period of uncertainty and fear and doubt. I made a couple of losing trades trying to take longer-period calls on price during the last couple of days when it flatlined before falling. this is the environment where, unless you've got thick skin and strong conviction, don't hold positions for too long and take profits when you can. Identify when you've made a bad trade and cut losses early. Nothing is worse than letting a position keep moving against you and feeling like shit, or worse still to try and average down and getting annihilated.
I've always looked at Bitcoin on a technical basis and try my best to identify levels I feel are strong resistance and support, and start building up long/short positions at those levels. Always have a plan in mind when you enter a trade, including your exit point and the point at which you cut losses. As the saying goes, "Plan your trade and trade your plan". You don't need to always be trading - if the market is going nowhere and there's no discernible short or medium term trend, just stay away. There will always be opportunities in the future, no need to chase trades that aren't there.
My personal view is that this is going to play out as a huge cup and handle pattern. We've seen the top of the cup with the second rally to almost all time highs, and now we begin the formation of the handle. While I feel that we might have reached a bottom, I think we might have more downside and an ultimate bottom around 700, unless we cut through that on a massive panic sell like we did when finex was hacked. This is when you should start thinking about a long position but even then, once you've made a healthy profit (an arbitrary amount different for each individual), close the position. Don't pray for a moonshot that never comes
Awesome advice.....
.....but the OP isn't there yet.
First, he got to go down the casino with all his chips and watch em get all eaten up, then start wondering how he only ever seems to make bad trades.
I've been trading futures profitably on OKCoin since early December, so I'll pass along what little I know that has worked for me.
You need to know what kind of market you're in. I made great gains during december going long and just holding through the dips, and began scaling my position as the price breached 1000. You need to control your emotions and not let greed or fear get the best of you. At the time, as I started unwinding my long and watched the price rally higher, I felt stupid and the urge to re-long, but as evidenced by the crash it's always important to take profits when they've run high enough.
Now, we're currently in a period of uncertainty and fear and doubt. I made a couple of losing trades trying to take longer-period calls on price during the last couple of days when it flatlined before falling. this is the environment where, unless you've got thick skin and strong conviction, don't hold positions for too long and take profits when you can. Identify when you've made a bad trade and cut losses early. Nothing is worse than letting a position keep moving against you and feeling like shit, or worse still to try and average down and getting annihilated.
I've always looked at Bitcoin on a technical basis and try my best to identify levels I feel are strong resistance and support, and start building up long/short positions at those levels. Always have a plan in mind when you enter a trade, including your exit point and the point at which you cut losses. As the saying goes, "Plan your trade and trade your plan". You don't need to always be trading - if the market is going nowhere and there's no discernible short or medium term trend, just stay away. There will always be opportunities in the future, no need to chase trades that aren't there.
My personal view is that this is going to play out as a huge cup and handle pattern. We've seen the top of the cup with the second rally to almost all time highs, and now we begin the formation of the handle. While I feel that we might have reached a bottom, I think we might have more downside and an ultimate bottom around 700, unless we cut through that on a massive panic sell like we did when finex was hacked. This is when you should start thinking about a long position but even then, once you've made a healthy profit (an arbitrary amount different for each individual), close the position. Don't pray for a moonshot that never comes
You need to know what kind of market you're in. I made great gains during december going long and just holding through the dips, and began scaling my position as the price breached 1000. You need to control your emotions and not let greed or fear get the best of you. At the time, as I started unwinding my long and watched the price rally higher, I felt stupid and the urge to re-long, but as evidenced by the crash it's always important to take profits when they've run high enough.
Now, we're currently in a period of uncertainty and fear and doubt. I made a couple of losing trades trying to take longer-period calls on price during the last couple of days when it flatlined before falling. this is the environment where, unless you've got thick skin and strong conviction, don't hold positions for too long and take profits when you can. Identify when you've made a bad trade and cut losses early. Nothing is worse than letting a position keep moving against you and feeling like shit, or worse still to try and average down and getting annihilated.
I've always looked at Bitcoin on a technical basis and try my best to identify levels I feel are strong resistance and support, and start building up long/short positions at those levels. Always have a plan in mind when you enter a trade, including your exit point and the point at which you cut losses. As the saying goes, "Plan your trade and trade your plan". You don't need to always be trading - if the market is going nowhere and there's no discernible short or medium term trend, just stay away. There will always be opportunities in the future, no need to chase trades that aren't there.
My personal view is that this is going to play out as a huge cup and handle pattern. We've seen the top of the cup with the second rally to almost all time highs, and now we begin the formation of the handle. While I feel that we might have reached a bottom, I think we might have more downside and an ultimate bottom around 700, unless we cut through that on a massive panic sell like we did when finex was hacked. This is when you should start thinking about a long position but even then, once you've made a healthy profit (an arbitrary amount different for each individual), close the position. Don't pray for a moonshot that never comes
Hi
Bitmex:
www.bitmex.com
Deribit
www.deribit.com
In both you haven't to verify personal data, so I do not see any inconvenience that you use it in the USA.
I checked out bitmex but their margin trading fee's are .375% which with 5 BTC translates to about 15$ fee each time, that is worse than kraken.Bitmex:
www.bitmex.com
Deribit
www.deribit.com
In both you haven't to verify personal data, so I do not see any inconvenience that you use it in the USA.
Maker market fee are -0.0250%, you are paid when create an order and are taken for others.
https://www.bitmex.com/app/fees
is bitfinex safe to use for USA people ?
If you are happy to use an exchange that just recently took the arbitrary decision to dip into all their customers accounts to the tune of 36.6% of the accounts' value.........
.........then sure, go ahead.
is bitfinex safe to use for USA people ?
Hi
Bitmex:
www.bitmex.com
Deribit
www.deribit.com
In both you haven't to verify personal data, so I do not see any inconvenience that you use it in the USA.
I checked out bitmex but their margin trading fee's are .375% which with 5 BTC translates to about 15$ fee each time, that is worse than kraken. Bitmex:
www.bitmex.com
Deribit
www.deribit.com
In both you haven't to verify personal data, so I do not see any inconvenience that you use it in the USA.
My advice is don't margin trade. When you are risking only your own coins then you can afford to be patient and wait till the right moment to sell. But with margin trading, the clock is ticking and you can incur big losses.
Console yourself that with your first trade, you sold at $870. You incurred a loss, but it is nothing like it would have been if you hadn't closed it. bitcoin is currently at $780.
Console yourself that with your first trade, you sold at $870. You incurred a loss, but it is nothing like it would have been if you hadn't closed it. bitcoin is currently at $780.
Hi
Bitmex:
www.bitmex.com
Deribit
www.deribit.com
In both you haven't to verify personal data, so I do not see any inconvenience that you use it in the USA.
Bitmex:
www.bitmex.com
Deribit
www.deribit.com
In both you haven't to verify personal data, so I do not see any inconvenience that you use it in the USA.
Since OKCoin won't work for me in the USA, what is the best alternative (highest volume + lowest fees) for USA people like me?
>It appears Bitmex also doesn't have service in my country (USA).
Use a vpn service
I'm buying more bitcoins with my own bitcoins using bitmex futures cheaper than spot.
spot: $815
bitmex futures 03/30/17: $ 800
good luck
Use a vpn service
I'm buying more bitcoins with my own bitcoins using bitmex futures cheaper than spot.
spot: $815
bitmex futures 03/30/17: $ 800
good luck
There is Bitmex, but it is huge margin and low volume.
Definitely not for novices. Steer well clear of!
It appears Bitmex also doesn't have service in my country (USA).Definitely not for novices. Steer well clear of!
Ok...last thing I knew it did.
But count yourself lucky that it doesn't.
There is Bitmex, but it is huge margin and low volume.
Definitely not for novices. Steer well clear of!
It appears Bitmex also doesn't have service in my country (USA). Definitely not for novices. Steer well clear of!
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