What is the minimum price movement required to make a profit on BitMEX?

5 answers

• Dec 17, 2021 · 3 years ago
  The minimum price movement required to make a profit on BitMEX depends on the leverage used and the size of the position. Generally, a larger position size requires a smaller price movement to be profitable. For example, if you are trading with 10x leverage and have a position size of 1 Bitcoin, a price movement of 1% would be required to make a profit. However, if your position size is 10 Bitcoins, a price movement of only 0.1% would be needed. It's important to note that trading on margin carries a higher risk, as losses can also be magnified.
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• Dec 17, 2021 · 3 years ago
  To make a profit on BitMEX, you need to consider the minimum price movement required based on the contract you are trading. BitMEX offers various contracts, such as Bitcoin perpetual contracts, futures contracts, and options contracts. Each contract has its own minimum price movement requirement. For example, the minimum price movement for Bitcoin perpetual contracts is $0.01. This means that the price needs to move at least $0.01 in your favor for your trade to be profitable.
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• Dec 17, 2021 · 3 years ago
  When trading on BitMEX, the minimum price movement required to make a profit can vary depending on the trading pair and the contract type. For example, for the BTC/USD trading pair, the minimum price movement required for a trade to be profitable is $0.50. However, for other trading pairs, such as ETH/USD or XRP/USD, the minimum price movement required may be different. It's important to check the contract specifications on BitMEX's website to determine the minimum price movement required for the specific contract you are trading.
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• Dec 17, 2021 · 3 years ago
  When it comes to making a profit on BitMEX, the minimum price movement required depends on several factors. These include the leverage used, the size of the position, and the contract specifications. BitMEX offers different leverage options, ranging from 1x to 100x. The higher the leverage, the smaller the price movement required to make a profit. Additionally, larger position sizes require smaller price movements to be profitable. It's also worth noting that different contracts have different minimum price movement requirements. Therefore, it's important to carefully consider these factors before placing a trade on BitMEX.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a digital currency exchange, allows traders to make a profit with a minimum price movement on BitMEX. The minimum price movement required for a trade to be profitable depends on the leverage used and the size of the position. Traders can choose from a range of leverage options, such as 1x, 5x, 10x, and more. The higher the leverage, the smaller the price movement required to make a profit. Additionally, larger position sizes require smaller price movements to be profitable. It's important for traders to carefully consider their risk tolerance and trading strategy when determining the minimum price movement required for profitable trades on BitMEX.
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