What are the steps to short ETH on BitMEX?

1 answers

• Dec 29, 2021 · 3 years ago
  Shorting ETH on BitMEX can be a profitable trading strategy. Here's a step-by-step guide: 1. Open an account on BitMEX and complete the necessary verification process. 2. Deposit funds into your BitMEX account. 3. Navigate to the trading dashboard and select the ETH trading pair. 4. Choose the 'Sell' or 'Short' option to open a short position. 5. Specify the amount of ETH you want to short and set your desired leverage. 6. Set your stop loss and take profit levels to manage your risk. 7. Review your order details and confirm the trade. 8. Monitor the market closely and close your short position when you've achieved your desired profit or if the market turns against you. Remember, shorting involves selling borrowed assets with the expectation of buying them back at a lower price. It's important to have a solid understanding of trading principles and risk management before engaging in shorting activities on BitMEX.
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