How to play BitMEX? BitMEX exchange registration and trading tutorial for newbies

BitMEX Beginner’s Guide: Register an account, top up, trade and select contracts, place orders and manage risks. Specific steps include: 1. Register an account; 2. Deposit cryptocurrency; 3. Select a contract; 4. Place a limit or market order; 5. Use stop-loss and limit orders to manage risk.

BitMEX exchange newbie registration, trading and usage tutorial

How to Start using BitMEX

1. Register an account: Visit the BitMEX official website (https://www.bitmex.com/) and click "Register" button and enter your email address and password. Verify your account via email.
2. Enable two-factor authentication: For security reasons, it is recommended that you enable two-factor authentication (2FA). You can find the 2FA option in Security Settings.
3. Deposit: You need to top up cryptocurrency in your BitMEX account to start trading. Click on the "Wallet" tab, select the cryptocurrency you want to deposit, and generate a deposit address. Send your cryptocurrency to this address.

How to trade on BitMEX

1. Select a contract: BitMEX offers various A cryptocurrency perpetual contract. You can find them through the Contracts tab. Select the contract you want to trade, for example BTC/USD.
2. Place an order: Click the "Trade" button and enter your order details, including order type (such as limit or market order), price, and quantity.
3. Manage Risk: Use stop loss and limit orders to manage your risk. Stop-loss orders automatically close your position when the price reaches a certain level to limit your losses. Limit orders are automatically executed when the price reaches a certain level, locking in your profits.

Specific steps

1. Limit price order: in "Limit price" In the "Order" tab, enter your price and quantity. The order will be executed at the price you set or better.
2. Market Order: In the "Market Order" tab, enter your quantity. The order will be executed at the current market price.
3. Stop Order: In the Stop Order tab, enter the stop price, quantity, and trigger type (such as market or limit). When the price reaches the stop loss price, the order will be automatically executed.
4. Limit Order: In the Limit Order tab, enter the trigger price, quantity, and execution type (such as market or limit). When the price reaches the trigger price, the order will be automatically executed.

Please note that trading on BitMEX involves risks. Before trading, please make sure you understand the risks involved and trade according to your risk tolerance.

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