![Bowsers Castle by: YraX 100% (1 coin) (Mobile) Geometry Dash [2.2]](/uploads/2025/04/30/cryptocurrencies-news/videos/bowsers-castle-yrax-coin-mobile-geometry-dash/image-1.webp "Bowsers Castle by: YraX 100% (1 coin) (Mobile) Geometry Dash [2.2]")
-
Bitcoin $94,603.0026
-0.38% - Ethereum
$1,797.3281
-1.31% - Tether USDt
$1.0003
0.01% - XRP
$2.2218
-2.87% - BNB
$602.1981
-1.12% - Solana
$146.5537
-1.69% - USDC
$1.0002
0.00% - Dogecoin
$0.1740
-2.92% - Cardano
$0.6947
-2.38% - TRON
$0.2441
-1.14% - Sui
$3.5386
-1.59% - Chainlink
$14.4838
-4.35% - Avalanche
$21.5594
-2.78% - Stellar
$0.2759
-2.19% - UNUS SED LEO
$9.0442
0.50% - Toncoin
$3.2211
-1.87% - Shiba Inu
$0.0...01333
-3.59% - Hedera
$0.1850
-2.75% - Bitcoin Cash
$364.2877
-2.95% - Polkadot
$4.0925
-4.78% - Litecoin
$84.8527
-1.81% - Hyperliquid
$18.4312
-2.47% - Dai
$1.0001
0.00% - Bitget Token
$4.3889
-0.73% - Monero
$276.2284
0.59% - Ethena USDe
$0.9996
-0.02% - Pi
$0.5793
-3.46% - Pepe
$0.0...08834
-2.37% - Aptos
$5.3797
-4.72% - Uniswap
$5.2859
-3.77%
How to play BitMEX leverage trading on mobile phones
Leveraged trading on BitMEX's mobile app empowers traders with enhanced profit potential but also amplifies loss risks, demanding judicious account management and risk-mitigation strategies.
Nov 18, 2024 at 03:42 am
Navigating BitMEX's Leverage Trading Platform on Mobile Devices
Understanding the Basics
- What is BitMEX?
BitMEX is a pioneering cryptocurrency exchange renowned for its perpetual futures contracts, offering traders access to leveraged positions. Leveraged trading involves utilizing borrowed funds to multiply potential profits, albeit with amplified risks. - Key Concepts:
- Leverage: The ratio of borrowed funds to the trader's capital, enhancing profit potential but also amplifying loss risks.
- Perpetual Futures Contracts: Contracts that replicate the underlying asset's price movements without expiry dates.
Mobile Interface Overview
- Navigating the App:
BitMEX's mobile trading platform provides a user-friendly interface, segregating essential features into tabs. The dashboard displays market summaries, recent trades, and order books, enabling traders to monitor market dynamics. - Account Management:
The account tab allows traders to monitor their balances, open positions, and order history. It also facilitates fund deposits and withdrawals, ensuring seamless financial management.
Trading Leveraged Futures
- Placing an Order:
To initiate a trade, select the preferred perpetual futures contract from the list of available instruments. Specify the desired order type, quantity, and leverage ratio. Leverage options range from x1 (no leverage) to x100 (100x leverage). - Monitoring Positions:
Once an order is executed, it's tracked under the positions tab. Traders can monitor their current positions, unrealized profits/losses, and liquidation price, which represents the critical threshold beyond which their positions will be forcibly closed to mitigate potential losses. - Managing Risk:
Risk management is paramount in leveraged trading. Traders can employ stop-loss orders to limit potential losses or utilize trailing stop-loss orders to automate the adjustment of stop-loss levels based on price movements.
Additional Features
- Charting Tools:
The platform provides customizable charting capabilities, allowing traders to analyze price action, identify patterns, and make informed trading decisions. Technical indicators and drawing tools further enhance the analysis process. - Live Chat Support:
BitMEX offers 24/7 live chat support to assist traders with any queries or issues they may encounter while using the platform. Prompt and professional support ensures peace of mind. - Demo Account:
The availability of a demo account enables traders to experiment with leveraged trading in a simulated environment, devoid of financial risks. This risk-free sandbox provides a valuable training ground for novice traders.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- BlackRock Just Reminded Everyone Who's Boss in the Bitcoin ETF Space
- 2025-04-30 16:15:12
- Lightchain AI (LCAI) May Outshine Shiba Inu (SHIB) by Dominating the Meme Coin Chatter in Q2 2025
- 2025-04-30 16:15:12
- Bitcoin (BTC) Holds Above US$94,600 as Major Altcoins Extend Losses
- 2025-04-30 16:10:12
- Greece crowned the world's top culinary destination by TasteAtlas
- 2025-04-30 16:10:12
- XRP Traded at $2.29
- 2025-04-30 16:05:13
- BlackRock Launches Blockchain-Based Digital Share Class Called DLT Shares for Its $150B Treasury Trust Fund
- 2025-04-30 16:05:13
Related knowledge
Which is better, SHIB contract trading or spot trading? What is the risk difference?
Apr 29,2025 at 11:21am
Trading in the cryptocurrency market offers various methods, each with its own set of advantages and risks. Two popular methods among traders are SHIB contract trading and spot trading. In this article, we will delve into the specifics of each method, compare their benefits, and discuss the risk differences to help you make an informed decision on which...
How to trade LINK contracts? Things to note when trading with leverage
Apr 28,2025 at 08:01pm
Trading LINK contracts, particularly with leverage, can be an exciting yet risky endeavor. LINK, or Chainlink, is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. Trading LINK contracts involves speculating on the price movements of LINK without owning the actual cryptocurrency. When you trade with lever...
Which is better for beginners, Dogecoin futures or spot trading? Is leverage trading risky?
Apr 29,2025 at 04:49am
When deciding whether Dogecoin futures or spot trading is better for beginners, it's important to understand the fundamental differences between these two trading methods and their respective risks. Dogecoin spot trading involves buying and selling the actual cryptocurrency at the current market price. This method is straightforward and allows beginners...
Which is more suitable for novices, quarterly contracts or perpetual contracts? Does the delivery date have a big impact?
Apr 29,2025 at 09:49am
Introduction to Quarterly and Perpetual ContractsWhen entering the world of cryptocurrency trading, one of the first decisions a novice trader faces is choosing between quarterly contracts and perpetual contracts. Both types of contracts offer unique features and benefits, but understanding their differences is crucial for making an informed decision. T...
When will the leverage multiple adjustment take effect? Will the leverage change affect the existing position?
Apr 28,2025 at 02:36am
Understanding Leverage Multiple Adjustments in Cryptocurrency TradingIn the realm of cryptocurrency trading, leverage is a powerful tool that allows traders to amplify their trading positions beyond their initial capital. However, adjustments to leverage multiples are a critical aspect that traders must understand thoroughly. This article delves into wh...
Why is the profit and loss of the contract not in line with expectations? Does the calculation of unrealized profit and loss include handling fees?
Apr 27,2025 at 09:14pm
In the world of cryptocurrency trading, especially when dealing with futures and options contracts, traders often find themselves puzzled by discrepancies between their expected and actual profit and loss (P&L). This article delves into the reasons behind such discrepancies and explores whether the calculation of unrealized profit and loss includes hand...
Which is better, SHIB contract trading or spot trading? What is the risk difference?
Apr 29,2025 at 11:21am
Trading in the cryptocurrency market offers various methods, each with its own set of advantages and risks. Two popular methods among traders are SHIB contract trading and spot trading. In this article, we will delve into the specifics of each method, compare their benefits, and discuss the risk differences to help you make an informed decision on which...
How to trade LINK contracts? Things to note when trading with leverage
Apr 28,2025 at 08:01pm
Trading LINK contracts, particularly with leverage, can be an exciting yet risky endeavor. LINK, or Chainlink, is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. Trading LINK contracts involves speculating on the price movements of LINK without owning the actual cryptocurrency. When you trade with lever...
Which is better for beginners, Dogecoin futures or spot trading? Is leverage trading risky?
Apr 29,2025 at 04:49am
When deciding whether Dogecoin futures or spot trading is better for beginners, it's important to understand the fundamental differences between these two trading methods and their respective risks. Dogecoin spot trading involves buying and selling the actual cryptocurrency at the current market price. This method is straightforward and allows beginners...
Which is more suitable for novices, quarterly contracts or perpetual contracts? Does the delivery date have a big impact?
Apr 29,2025 at 09:49am
Introduction to Quarterly and Perpetual ContractsWhen entering the world of cryptocurrency trading, one of the first decisions a novice trader faces is choosing between quarterly contracts and perpetual contracts. Both types of contracts offer unique features and benefits, but understanding their differences is crucial for making an informed decision. T...
When will the leverage multiple adjustment take effect? Will the leverage change affect the existing position?
Apr 28,2025 at 02:36am
Understanding Leverage Multiple Adjustments in Cryptocurrency TradingIn the realm of cryptocurrency trading, leverage is a powerful tool that allows traders to amplify their trading positions beyond their initial capital. However, adjustments to leverage multiples are a critical aspect that traders must understand thoroughly. This article delves into wh...
Why is the profit and loss of the contract not in line with expectations? Does the calculation of unrealized profit and loss include handling fees?
Apr 27,2025 at 09:14pm
In the world of cryptocurrency trading, especially when dealing with futures and options contracts, traders often find themselves puzzled by discrepancies between their expected and actual profit and loss (P&L). This article delves into the reasons behind such discrepancies and explores whether the calculation of unrealized profit and loss includes hand...
See all articles
