At what point does the price movement on BitMEX become profitable?

3 answers

• Dec 26, 2021 · 3 years ago
  Profitability on BitMEX depends on various factors such as the entry price, leverage used, and the direction of the price movement. Generally, a price movement becomes profitable when it exceeds the breakeven point, which is the point where your initial investment is recovered. However, it's important to note that trading on BitMEX involves high risk, and profitability is not guaranteed. It requires careful analysis, risk management, and a solid trading strategy to consistently make profits on BitMEX.
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• Dec 26, 2021 · 3 years ago
  To make profits on BitMEX, you need to accurately predict the price movement and take advantage of it. This can be achieved by conducting technical analysis, studying market trends, and using indicators to identify potential entry and exit points. It's also crucial to set stop-loss orders to limit potential losses. Profitability on BitMEX is subjective and varies from trader to trader. Some traders may find a 1% price movement profitable, while others may aim for higher returns. It ultimately depends on your trading style and risk tolerance.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, we believe that profitability on BitMEX is not solely determined by the price movement, but also by the trading strategy employed. Our team of experienced traders focuses on identifying high-probability trading setups and managing risk effectively. We aim for consistent profits by using a combination of technical analysis, fundamental analysis, and market sentiment. It's important to stay updated with market news, monitor trading volumes, and adapt to changing market conditions. Remember, profitability on BitMEX requires discipline, patience, and continuous learning.
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