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Topic: I want to trade BitMex contracts. What should I know before touching them. (Read 91 times)

legendary
Activity: 1652
Merit: 1483
I read with 1 BTC deposit, I will be able to trade 100BTC worth of contracts.

100x leverage means your position will be force liquidated if the market moves < 1% against you. prepare to lose your 1 bitcoin!

Also, it is mentioned that there is no expiry for their contracts.

that's for perpetual swap contracts. they also offer traditional futures contracts.

Does it mean I will be able to hold if my position is even at losses? How exactly it works?

no matter what instrument you are trading, your position value must remain above your maintenance margin, otherwise you will be liquidated:

Quote
Maintenance Margin is the minimum amount of Bitcoin you must hold to keep a position open. If your margin balance on BitMEX drops below this level your position will be taken over by the Liquidation Engine and be Liquidated.
https://www.bitmex.com/app/faq#What-is-Maintenance-Margin
sr. member
Activity: 1890
Merit: 322
I read with 1 BTC deposit, I will be able to trade 100BTC worth of contracts. Also, it is mentioned that there is no expiry for their contracts. Does it mean I will be able to hold if my position is even at losses? How exactly it works?

I have experiences of trading forex with leverage. When my position goes in losses then they will auto-close my position when my actual bankroll is reaching 10% of my original value. Bitmex is also doing the same?

If you have experience with bitmex's leveraged trading, please share how to make use of their leveraged trading with calculated risk.

I want to risk some 0.1BTC for leveraged trading. But, I will buy contracts for 0.01BTC (10% of my total capital) and possibly with less leverages like 5x (to play safe).

With 0.01 BTC, I guess I may able to buy 0.05BTC worth of contracts (at 5x leverage) and if bitcoins moves up some $100 or $500, how much I will be able to profit.

For negative side, I leave 0.09 BTC unused and I opt only 5x leverage, so how long I will be able to hold my position for waiting so that prices to recover.

For example, I buy contracts at $6700 levels and BTC reaches $6900 levels. How much I could make with risk of 0.1BTC (with actual trade of 0.01BTC with 5x leverage).


I do see lots of guides on bitmex, but none of them directly answering my questions.

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