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What are the best tools to monitor BitMEX position size?

avatarMarsh DickensDec 26, 2021 · 3 years ago3 answers

Can you recommend some reliable tools that can be used to monitor the position size on BitMEX? I'm looking for tools that can provide accurate and real-time information about my positions on the exchange. It would be great if the tools also offer additional features such as risk management and portfolio tracking. What are the best options available?

What are the best tools to monitor BitMEX position size?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure! One of the best tools to monitor your position size on BitMEX is TradingView. It provides real-time data and allows you to track your positions, set alerts, and analyze the market. Another popular option is Coinigy, which offers a comprehensive platform for managing your positions across multiple exchanges, including BitMEX. It provides advanced charting tools, portfolio tracking, and risk management features. Additionally, you can consider using BitMEX's own API to build custom tools and applications to monitor your position size.
  • avatarDec 26, 2021 · 3 years ago
    If you prefer a more simplified and user-friendly tool, you can try BitMex Position Size Calculator. It's a web-based tool that allows you to calculate your position size based on your risk tolerance, account balance, and desired leverage. It's a handy tool for beginners who want to manage their position size effectively without getting overwhelmed by complex features. Remember, it's important to choose a tool that suits your trading style and preferences.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi offers a powerful position size monitoring tool that can be integrated with BitMEX. It provides real-time data, risk management features, and advanced analytics to help you make informed trading decisions. With BYDFi, you can easily track your position size, set stop-loss orders, and monitor your overall portfolio performance. It's a great option for traders who want a comprehensive solution for managing their positions on BitMEX. Give it a try and see how it can enhance your trading experience!