The first step in the Bitcoin Forex Exchange Trading Tutorial is to register an account and verify it via email. Second, install the client software and log in using your credentials. The third step is to select the trading pair, set the order parameters, and submit the order. Step four, monitor order status and set alerts. Finally, the trade is closed and the profits are settled, and funds can be withdrawn at any time.
Bit Forex Exchange Trading Tutorial
Step One: Register an Account
- Visit the official website of BitForex Exchange: https://www.bitmex.com/
- Click "Register" and follow the prompts to enter your email address, password and invitation code (if any) .
- Verify your email address.
Step 2: Install the client
Here’s how to install the BitForex exchange client:
Windows users :
- Download the Windows client installer from the exchange website.
- Run the installer and follow the prompts.
- Once the installation is complete, launch the client and log in using your credentials.
Mac users:
- Download the Mac client installer from the exchange website.
- Drag and drop the installer into the "Applications" folder.
- Launch the client and log in using your credentials.
Step Three: Getting Started Trading
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Select a Trading Pair: Decide which cryptocurrency pair you want to trade ( For example, BTC/USD).
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Enter an order: In the Order Entry panel, select the Buy or Sell order type.
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Set order parameters: Enter the amount, price and order type (limit, market or stop-loss order) you want to trade.
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Submit order: Click the "Place Order" button to submit your order.
Step 4: Monitor the order
- Once the order is submitted, you can monitor its status in the "Active Orders" panel.
- You can also set up alerts to be notified when an order is executed or when the price reaches a specific level.
Step 5: Settlement of Profit
- When you close your trade, your profit or loss will be credited to your account.
- You can view your available balance in the Funds panel.
- To withdraw funds, go to the Withdraw panel and enter your withdrawal details.
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