Margin trading. Where to start? | Bitcointalksearch.org

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Mikky.Crypto on December 06, 2020, 10:41:49 PM

What's the best platform for margin trading for a newbie? I'd like to check HitBTC or Bitmex first. Any suggestions are highly appreciated.

Bitmex is good enough, once it was the pioneer name along with Deribit. Now though things have started to crackdown a bit from the authorities and many other exchanges also saw this as a new market and therefore launched their own margin trading options on their existing exchanges - like Binance.

Now for a newbie though, I hope you are not a newbie in margin trading itself, because if it is so then it would be better to learn about it first then get busted trying to go 50x like a real noob.

Margin trading is not for everyone though. Make sure you know the things before you step in. No reason to jump into something totally new just because the market was too stagnant at that time for Spot trading - this was how margin trading in crypto came into existance at one time and its craze started in the mid-2018 when bitcoin stuck gradually at 6k USD.

Harriti

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Quote from: holtzmann on June 15, 2017, 05:29:28 AM

I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?

- To secure your transactions as well as protect your assets, you should choose Bingbon to trade. I have been trading on this platform for over a year and have never had any problems with my account. In addition, it is completely lag-free when having a large volume of transactions at the same time. In particular, Bingbon's spread rate is considered to be the most stable and you will not need to worry too much about getting an absurd stop loss.

- The video below will guide you to trade in Bingbon the most effective way :
https://www.youtube.com/watch?v=lEXBhvzPHLI

Symmetrick

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Quote from: XZERO1 on December 08, 2020, 03:03:39 AM

If you are already familiar with trading without leverage you have to only test out one of the demo leveraged trading platforms that some exchanges offer, for example BitMEX does have demo trading that you can test leverage trading using it before jumping into it with real money, there are a few things that you have to learn if you already have experience with trading without leverage, matters like: how much leverage works for you the best and the risk you're willing to take, and how to use stop-loss and take profit which are very important tools when it comes to leveraged trading, my suggestion is to never use anything more than 3x leverage for crypto trading.

In general, you shouldn't consider the BitMEX demo version as something to practice on. Never, under any circumstances. Because the demo mode has little to do with the actual trading behavior of a real exchange. Bargaining on the demo mode can give you a false impression of how the real market works and also false skills and false visions of trading. Therefore, it is better to immediately use the real exchange interface, placing orders at 1 dollar. Fortunately, the exchange allows you to place such small orders.

Having traded on a real interface for a small amount, you will really understand how the exchange works, how the exchange order book works in real conditions and how the chart is formed. Better to learn for a couple of bucks in real than learn for free on a simulator.

XZERO1

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Quote from: holtzmann on June 15, 2017, 05:29:28 AM

I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?

If you are already familiar with trading without leverage you have to only test out one of the demo leveraged trading platforms that some exchanges offer, for example BitMEX does have demo trading that you can test leverage trading using it before jumping into it with real money, there are a few things that you have to learn if you already have experience with trading without leverage, matters like: how much leverage works for you the best and the risk you're willing to take, and how to use stop-loss and take profit which are very important tools when it comes to leveraged trading, my suggestion is to never use anything more than 3x leverage for crypto trading.

Mikky.Crypto

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What's the best platform for margin trading for a newbie? I'd like to check HitBTC or Bitmex first. Any suggestions are highly appreciated.

IMAR

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Before even starting. You must prepare yourself and block all emotional attachments. It's good that you know the risk of margin. Even just a small mistake can cost you thousands. So just be careful and really do your studying or research before you make a trade.

roman100

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Margin account is a brokerage account in which the broker lends the customer cash to purchase stocks or other financial products. The loan in the account is collateralize by the securities purchased and cash, and comes with a periodic interest rate. Margin funding is, it is the funds brokers to arrange to finance your share purchase, giving you the opportunity to invest more than your investment potential and increase returns on investments.

billykannithi

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Margin is a very popular service of most exchanges today because of the profit rate it brings. You can margin on Bitmex, Binance, Huobi, OKex, Kucoin ... I personally use binance because of its liquidity. Binance is also a reputable platform, high volume and full of tools for me to use such as trading view, stoploss, take profit

BrianZAK

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I haven't ever tried margin trading with crypto but from experience with Forex I strongly suggest you get yourself a Demo account somewhere and get some practice in with fake money. Its ridiculously easy to get liquidated with margin trading.

If you can keep your head above water for a few weeks actively trading with a demo acount...then you might just be be ready cautiously try the real thing. Good luck.

kynaz

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Quote from: Vitalicus on May 28, 2020, 01:15:46 AM

Quote from: ironman80 on May 27, 2020, 05:06:33 PM

Margin trading can be risky if you have no expirience and start to trade with high leverage (100x)...For starters,it is better to use 2x to max 5x leverage,and good indicators...because,margin trading is liquidation game,and whales know that

Good advice! Margin trading is like gambling. You have to manage your will to avoid losing money for nothing. Start from the small leverage such as 2x to 5x is a good strategy. However, this is just the temporary plan. Don't treat margin trading as a profit-making method. You know it! There's nothing such as easy money!

In general, margin trading is usually very risky and not recommended when participating in this market. However, there are many people who prefer to choose this trading method because the profit is often very large and, if lucky, can reach x2 or x3 assets. Of course, the high profit, the risk will also be very high because if not careful, you will lose all the assets you have.

Subbir

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Quote from: Vitalicus on May 28, 2020, 01:15:46 AM

Quote from: ironman80 on May 27, 2020, 05:06:33 PM

Margin trading can be risky if you have no expirience and start to trade with high leverage (100x)...For starters,it is better to use 2x to max 5x leverage,and good indicators...because,margin trading is liquidation game,and whales know that

Good advice! Margin trading is like gambling. You have to manage your will to avoid losing money for nothing. Start from the small leverage such as 2x to 5x is a good strategy. However, this is just the temporary plan. Don't treat margin trading as a profit-making method. You know it! There's nothing such as easy money!

You are right there are many risks in margin trading. If you do not know the trade well the danger is higher in margin trading than in day trading Therefore, apart from leverage whales usually set the worth of the currency therefore the loss is higher. it's very difficult to form a profit in margin trading Here strategies often fail.

Vitalicus

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Quote from: ironman80 on May 27, 2020, 05:06:33 PM

Margin trading can be risky if you have no expirience and start to trade with high leverage (100x)...For starters,it is better to use 2x to max 5x leverage,and good indicators...because,margin trading is liquidation game,and whales know that

Good advice! Margin trading is like gambling. You have to manage your will to avoid losing money for nothing. Start from the small leverage such as 2x to 5x is a good strategy. However, this is just the temporary plan. Don't treat margin trading as a profit-making method. You know it! There's nothing such as easy money!

ironman80

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Margin trading can be risky if you have no expirience and start to trade with high leverage (100x)...For starters,it is better to use 2x to max 5x leverage,and good indicators...because,margin trading is liquidation game,and whales know that

timmmers

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Margin trading could be very profitable tool, but it is very dangerous. Why do you think that Bitmex genereated such profit? From margin trading, I do not know about anyone who really trade with leverage on daily basis. You can loose your whole portfolio in few seconds! Embarrassed

leyton11

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Quote from: holtzmann on June 15, 2017, 05:29:28 AM

I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?

Margin trading is a form of trading with leverage, you can spend small capital with large leverage to make more money. Good at this day trading field, every day you can earn thousands of dollars. But to get that success, you need to learn more and experience on demo account more. because according to statistics, more than 90% of margin traders will usually lose money in the first 3 years. So you need to be serious about learning indicators and looking for good leaders to be able to teach you. Never be greedy and use large capital to conduct margin trading. Try your trading strategies with small capital for a period of about 6 months to check if your trading system is good or not. Study slowly but your future will be in the top 10% of winners.

tvplus006

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Quote from: Lizzylove1 on May 04, 2020, 08:48:36 PM

Because of the fear of one losing more fund than one is trading by plummeting into payment of debt in an unregulated market like cryptocurrency wherein TA can be rendered useless by some manipulations makes me stick with spot trading. I have seen good technical guys have their trades reverse because of news from some corner that may even be a FUD.

Margin trading, unlike spot trading, allows a trader to earn money not only when the cryptocurrency market is growing, but also when it is falling. This way you can always be inside the market and not wait for it to grow again for trading. But do not forget about the risks that may arise using margin trading.

cosmofly

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Quote from: holtzmann on June 15, 2017, 05:29:28 AM

I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?

margin trading is really not the place for newbie to trade. It is very much related to your trading psychology and strategy. To minimize your risk, you should learn a lot about popular indicators like RSI, Fibonacci, EMA. Those are the indicators that help you choose a good open order point and take profit accurately. But first, I recommend you to use the demo account to experience. margin trading is a high risk game that can make you lose all your money.

spike420211

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Start with math.First, learn how regular trading works, create a demo account and practice until you feel absolutely comfortable.
Then study the numbers that are offered in margin trading, including interest and exchange commissions.
Calculate on paper the difference between regular and margin trading, including all possible risks.

PaySpace

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Bitmex is a great platform with a small fee (about 0.075% taker fee)

BD Money365

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When you want to start margin trading the most important thing is know about technical analysis and than know "aware of the risks" margin trading is very risky.you need to know how to management risk and used stop and take profit features on various leverage exchanges the sky will be your limit. consider the notice on margin trade on a good number trading sites "don't invest the capital you lip service have enough money to lose".

Topic: Margin trading. Where to start? (Read 22623 times)