How much money should I have in my account to trade on BitMEX?

3 answers

• Dec 15, 2021 · 3 years ago
  The recommended amount of money to have in your BitMEX trading account depends on various factors such as your trading strategy, risk tolerance, and experience. However, it is generally advised to have a sufficient amount of capital to cover potential losses and margin requirements. It is recommended to start with at least $1,000 to $5,000 in your account to have a reasonable trading experience on BitMEX. Remember to always trade responsibly and never invest more than you can afford to lose.
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• Dec 15, 2021 · 3 years ago
  To trade on BitMEX, you should have enough funds in your account to meet the minimum margin requirements for the contracts you want to trade. BitMEX offers leverage, which allows you to control a larger position with a smaller amount of capital. However, it is important to understand the risks involved with leverage trading and to only use leverage if you have a solid understanding of the market and risk management. It is recommended to start with a conservative leverage ratio and gradually increase it as you gain more experience and confidence in your trading abilities.
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• Dec 15, 2021 · 3 years ago
  At BYDFi, we recommend that traders have a minimum of $1,000 in their BitMEX trading account. This amount provides a good starting point for traders to execute their trading strategies effectively. However, it is important to note that the amount of money you should have in your account ultimately depends on your individual financial situation, risk tolerance, and trading goals. It is always a good idea to start with a smaller amount and gradually increase your capital as you become more comfortable and successful in your trading endeavors.
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