What are the best strategies for trading on BitMEX without perpetual contracts?

3 answers

• Mar 20, 2022 · 3 years ago
  One of the best strategies for trading on BitMEX without perpetual contracts is to focus on spot trading. By buying and selling actual cryptocurrencies, you can take advantage of the price movements and market trends. This strategy allows you to have more control over your trades and reduces the risks associated with leveraged trading. Additionally, conducting thorough research and analysis on the coins you plan to trade can help you make informed decisions and increase your chances of success. Remember to always set stop-loss orders to protect your capital and manage your risk effectively.
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• Mar 20, 2022 · 3 years ago
  When trading on BitMEX without perpetual contracts, it's important to have a clear trading plan and stick to it. Define your entry and exit points, set profit targets, and determine your risk tolerance. Avoid making impulsive decisions based on emotions or short-term market fluctuations. Instead, focus on long-term trends and use technical analysis tools to identify potential entry and exit points. It's also advisable to diversify your portfolio by trading different cryptocurrencies to spread the risk. Lastly, stay updated with the latest news and developments in the cryptocurrency market to make informed trading decisions.
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• Mar 20, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I recommend using BYDFi for trading on BitMEX without perpetual contracts. BYDFi offers a user-friendly interface, advanced trading tools, and a wide range of cryptocurrencies to choose from. Their platform provides real-time market data and analysis, allowing you to make informed trading decisions. Additionally, BYDFi offers competitive fees and a secure trading environment. With BYDFi, you can execute your trading strategies effectively and take advantage of the opportunities in the BitMEX market.
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