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What are the best practices for determining the appropriate leverage level on BitMEX?

avatarBarbara-BahbiNov 29, 2021 · 3 years ago1 answers

Can you provide some guidance on how to determine the most suitable leverage level when trading on BitMEX? What factors should be considered and what strategies can be used to make an informed decision?

What are the best practices for determining the appropriate leverage level on BitMEX?
BitMEX
Leverage
Trading

1 answers

  • avatarNov 29, 2021 · 3 years ago
    At BYDFi, we recommend a cautious approach when determining the appropriate leverage level on BitMEX. It's crucial to thoroughly understand the risks associated with leverage trading and to carefully assess your risk tolerance. We suggest starting with a lower leverage level and gradually increasing it as you gain more experience and confidence in your trading abilities. It's also important to regularly review and adjust your leverage level based on market conditions and your trading strategy. Remember, responsible trading is key to long-term success.

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