Category: Trader Joes

Everything You Need to Know About Setting Up a Brokerage Account

Tradeview – Setting up a brokerage account may seem like an intimidating task, but once you know all the steps you’ll be able to do it quickly and easily. This step-by-step guide explains everything you need to know about opening your own brokerage account so that you can start investing in the stock market without delay. Best of all, even if you’re relatively new to investing, this guide will explain everything in simple terms that make it easy for beginners to understand.

What is a brokerage account?

A brokerage account is an account that provides buying and selling of stocks, shares, and other investments. These accounts can be found at online or brick-and-mortar financial institutions. Depending on the types of stocks or investments you would like to purchase, some accounts may be able to provide better service than others. There are different types of brokerage accounts depending on the type of investments you want to make. For example, if you’re looking for a high interest rate with your investment then a money market account might work best for you. If you’re looking for long term investment opportunities with low risk then investing in certificates of deposits might work best for your needs. Once the type of account has been determined it’s time to look at which bank will give your desired results the most effectively by evaluating banks based on customer reviews, their available products, credit card offerings, and fees associated with their accounts

How do I open a new trading platform?

Opening a new trading platform may seem daunting, but it’s really not as difficult as you might think. Read on for all the information you’ll need to set up your brokerage account with ease! Before you can get started, find out about the type of trading platform that’s available at your broker’s site and what your budget is. These two factors will influence which trading software package you use, and are therefore important considerations in narrowing down your choices. Once these decisions have been made, the process of actually opening the account is straightforward; after registering or logging into the platform, you should provide financial details such as income and bank balances to verify that funds are available in order to open an account.

What types of accounts do they offer?

Start with the basics and set up a brokerage account. There are different types of accounts for different types of investors: investor/trader, retirement saver, saving for big expenses in the future, etc. Consult your broker or accountant before choosing which type of account is best for you. What can I do?: Different brokers offer different services, so it’s worth shopping around to see what will work best for you. Some brokers offer education courses, financial guidance, and portfolio management services at an additional cost (brokers that charge by the hour). What costs should I consider?

What fees should I expect?

In order to have the ability to buy and sell stocks and other investment vehicles, you will need a brokerage account. And while setting up an account may seem like it takes a long time, actually it takes much less than you think. The most important things for people new to buying stocks is for them know what fees they should expect so that they are not surprised. Some brokers may charge as little as $5 per trade while others charge upwards of $20 or more. Depending on your own needs, it can be worth either looking at an online broker which often has more competitive rates or going with an offline broker if you happen to live near their offices. The best thing you can do when it comes time for the hard decisions is consider your tradeoff between convenience and cost.

Is there anything else I should know before setting up an account?

When you set up your brokerage account, you will need to select between three different types of accounts. First, there is the individual broker account which allows for investments and trades in stocks, bonds, and other securities. Next, there is the joint account which allows two or more people (living individuals) to invest with each other for their own benefit without jeopardizing their personal assets. Finally, there are special types of accounts like an IRA or annuity that allow these more specialized types of investments. A brokerage account can be costly; make sure you know what type of investment it is before opening one. If you’re unsure, talk to a financial adviser! They can help you decide on the best type of account for your situation. Once you have chosen the right type of brokerage account, all you’ll have to do is fill out some paperwork. The paperwork will vary depending on whether or not this is a new or existing account but either way, it should take about 30 minutes tops. You’ll also need to pick a username and password so make sure you remember them because they’ll be important later on! Finally, when setting up your bank account go ahead and put in all the details like phone number and address so that they match up if needed.

We Bullied Ourselves Into Thinking We Didn’t Deserve Happiness

Tradeview – We’ve all been there, feeling like we don’t deserve the best things in life just because of something small we did wrong or our personality quirks we couldn’t change. But there are times when people should feel sorry for themselves and times when they shouldn’t. When do you know it’s okay to be sad, and when does it become bullying yourself? Here are some signs that you might be guilty of bullying yourself into thinking you don’t deserve happiness.

What Is Self-Love?

When we bull ourselves into thinking we don’t deserve happiness, it’s not as simple as just shaking the thought off. Sometimes we have to retrain our minds on what is possible for us to love and cherish about ourselves, who deserves our care. This includes all aspects of yourself – your soul and spirit, who you are as a woman or man in the world. It’s with these practices of self-love that you start creating your own type of freedom from all outside pressure. So where do you start? First, ask yourself: What am I grateful for about myself? Next, list three things you like about yourself. The last thing may be difficult because sometimes people take their flaws more seriously than they should so try telling yourself this sentence: My imperfections make me perfect. With these types of thoughts and feelings towards yourself, you can slowly find peace when dealing with something painful. Start by picking one aspect about yourself that is important to you – maybe something physical such as your hair color or an event in your life such as graduation. Focus on loving that part unconditionally every day by listing out five reasons why it’s great (if it doesn’t seem too difficult). Try this exercise with every detail until you’ve reached 20!

Why You Need All Three in Your Life

If we want to be healthy and happy, we need all three of these things in our lives. Without them, we’ll end up dissatisfied, lost and unhappy.

What do you need? I think we bull know that the more money you make is going to give us a better life in the long run. So where do you get the most enjoyment out of spending your free time? How can we balance taking care of ourselves with getting paid enough to care for our family too? What’s going to make us feel at home when work seems like our only safe place? The idea that these needs are easily satisfied might sound crazy but it’s possible with an understanding of what these three things have in common. Spending time with family or friends makes us happier because those people love and support us unconditionally. When we spend time outside being active, we’re reminding ourselves that what makes us feel alive isn’t just the air inside our office building; it’s also green grass, blue skies and how our skin tingles from cold water on hot days. And every single dollar counts so if every hour spent on Facebook brings in one dollar less per hour than our paycheck does- well then maybe it’s worth thinking about cutting back on those 30 minutes to go exercise for 30 minutes instead.

So How Do I Stop Being a Bully?

This bullying epidemic we’ve got going on, it needs to end. Too many of us are hiding who we really are because we bulled ourselves into thinking that happiness wasn’t something that was meant for us, but there’s no good reason for you to live your life unhappily just because you weren’t born the way some person wanted you to be. Remember: everyone is different and everyone deserves to have what makes them happy. That might mean something as simple as listening to Taylor Swift and believing in a love story or going a little farther like coming out and telling the world who you really are. No matter what decision you make, know that this decision is about having some control over your own happiness, not about letting others bully themselves into living a life they don’t want. You can be whoever you want to be and feel however you want to feel without letting anyone stop you from doing so. If someone hassles you, speak up! If someone isn’t being kind, tell them how much it hurts! You deserve the same respect from other people as any other person does. If someone doesn’t give it to you, put them in their place by standing tall and making sure they know why their words were hurtful. It takes courage to do these things; that’s why you need to surround yourself with supportive friends who will remind you every day how amazing you are and how much value you bring to the lives of those around you. It can take time before change happens but believe me when I say- if anything is worth waiting for then this would be it.

SaxoTraderGO: All You Need to Know

Tradeview – SaxoTraderGO allows its users to trade forex and CFDs on the go, but what exactly does that mean? If you have SaxoTradeGO, you have access to one of the most powerful trading platforms in the business while you’re away from your computer. In this article, we’ll take an in-depth look at what you can expect from SaxoTradeGO and how it can help you become a better trader in no time at all.

What is SaxoTraderGO?

SaxoTraderGO is a platform that allows trading in currencies, stocks, and commodities on the go. It offers a number of unique features that will give you an edge over the rest of your competition. Whether you are at work or away on vacation, it provides extensive coverage across many platforms and devices. 

-You can trade equities, commodities and currencies when you are away from your computer with an iOS or Android mobile app available for download via iTunes or Google Play store respectively. -Market conditions are displayed in live charts so you can keep track of developments around the world. -It supports nine different languages which make it accessible to people from around the globe.

How does it help my trading?

Saxotradergo is a forex broker, offering your trading skills everything you need. Trading on the go? Check out their mobile app, which not only has features like monitoring and placing trades, but even lets you trade in real time from the palm of your hand. With low spreads and commission fees and 24/7 support, Saxotradego offers top-notch service for traders all over the world. Plus, with a variety of instruments available for trading, no matter what you’re interested in it will be waiting for you when you log in. From currencies to stocks to commodities and more – Saxotradego has it all!

What are the main features?

Whether you want to trade the world’s most sophisticated derivative products, manage risk with a low-cost ETF portfolio or invest in shares across the global stock market, we have the solution for you. SaxoTraderGO also provides access to more than 20 asset classes and 12,000 instruments. For advanced traders, Saxo’s award winning trading platforms are available on Web and Mobile. Professional clients can trade their own accounts or demo theirs with Saxo Capital Markets’ SmartRig. 

Open an account today and get up to 5% cash bonus or 500 US$ credit if you select an account type that suits your needs best!

How do I sign up?

The process of signing up on SaxoTraderGO is relatively simple. Simply head over to the site and click on the link ‘sign up now’ which will open a registration form for you. Once you have filled in your name, email address, username and password you are ready to go! You’ll then be able to activate your account by clicking on the link sent via email or SMS and logging in with your username and password.

Can I trade Forex or CFDs with this account?

You can trade Forex and CFDs with this account. It doesn’t matter if you’re new to currency trading, have a background in finance or work in the industry – SaxoTraderGO has been specifically designed for your needs. In fact, we’ve gone above and beyond for the retail investor. Our only aim is to give you a trading experience that’s easy, enjoyable and highly effective.

I don’t have an existing account, how do I open one?

1. Create an account with Saxo Capital Markets by clicking here or using this link. 

2. If you already have a Saxo account, log in and go to ‘Settings’ and select ‘Join your Friends’. 

3. Enter the email address of your friend you want to connect with, click the box that says ‘Send Friend Request’ and confirm your request if necessary. Your friend should now be able to see your requests in their inbox. Send more requests if you would like even more friends on SaxoTraderGO!

Are there any commissions or hidden fees?

No, SaxoTraderGO is free for as long as you want. We do not charge any commissions or hidden fees. You can deposit and trade on the same day with no restrictions or limits on your account size. We want SaxoTradeGO to be accessible for everyone, so trading is completely commission-free in fiat and no commissions are charged in CFDs either!

Is my money safe with this account type?

Whether you’re an experienced trader or just looking for a way to save some money, SaxoTraderGO is the best account type for you. Compared to other trading platforms, Saxo Trader GO offers numerous ways for traders of all levels of expertise and interests to trade successfully and earn consistent profits. 

SAXOTRADEGO Offers Online Trading That’s Different From Most Online Accounts Today- A Trading Platform As Unique As You Are! 

It might seem like there are a million options when you open up your favorite search engine, but there’s only one solution that works best for you.

What types of clients can use this account type?

– Traders who need a wide range of instruments 

– A comprehensive list of trading and investment options 

– Ready access to market research, data feeds, and research from Saxo’s award-winning global team of analysts and economists 

– Diverse range of analytics tools – no installation or programming required for use with SaxoConnect, AlgoScreener or other system applications. And if you want to execute trades using your own preferred brokerage, SaxoTraderGO will still allow you access to all the markets and instruments on offer. The possibilities are endless!

Tiger brokers need to know: what to look for when choosing a broker

Tradeview – As the saying goes, you get what you pay for, and that certainly applies to mutual fund brokerage services. While there are many cheap brokers out there, many also have huge hidden costs that affect your returns over time. This article from Tiger Brokers will help you identify the warning signs of a broker that may cost you more than you bargained for.

Factors to consider before signing up with a brokerage

Picking a brokerage is one of the most important decisions you will make in your trading career. Before you choose one, there are some factors to consider. Below are five things that every tiger broker needs to know before they decide on which brokerage they want to work with. These should help you narrow down the possibilities and find the best option available. Here are six points to consider when looking for a new broker 

1) How long have they been in business? 

2) What type of customer service do they offer? 

3) Do they provide individualized support or only trade desk support? 

4) Do I get access to any resources (research, seminars)? What can I learn from them? 

5) Can I use my own computer or do I need special equipment? Is it necessary to maintain high speed internet connection at all times? 

6) What’s their commission structure and what happens if I exceed my allowed number of trades per day or month?

Forex

In the last ten years, the amount of transactions using Forex (foreign exchange) has increased drastically. Tiger brokers are in high demand and investors who don’t have one can suffer devastating losses on their investments. Before you start trading with your money, here are five things you should look out for in any potential forex broker. 

1) Profitability – Tiger brokerage firms that charge spread margins and don’t make clients feel at ease with trading as much as they want are not worth trusting. 

2) Experience – Look for reputable firms that have been around long enough to gain a reputation for providing good service because most clients use Forex firms specifically because they understand trading Forex is risky business. 

3) Reputation – Check if any consumer complaints or regulatory issues exist before signing up with them. 

4) Web presence – If they do not have an accessible website or mobile app then this may be an indication that they are not willing to modernize themselves. 

5) Banking options- Some brokers require clients to deposit their funds into certain banks which means you will either have to set up a new account or transfer your money over which could be costly depending on how much you’re depositing and how often you trade.

Binary options

It’s important that Tiger Brokers do their research and make sure they choose the right one. Not all binary options offer the same features, the same amount of features or are the same cost. There are dozens of brokerage firms out there, but not all of them have been around as long as others or offer what they’re looking for in a trader. So here are some things Tiger Brokers should be on the lookout for. One is liquidity, which means how much cash is available at any given time to trade with. Higher liquidity rates mean more buyers and sellers so the price won’t fluctuate too much. 

One thing you should always avoid is a site with no phone number! If something goes wrong with your account it can be really hard to get in contact with anyone about it! 

Another thing you might want to watch out for is auto-trading software – these programs will automatically buy or sell trades without your consent, often without even asking if you want to make the trade at all! If this sounds like something you don’t want, be careful before clicking I Agree.

CFDs

The first consideration should be whether you’re experienced with trading. If you’re not, it’s best to find a broker that offers an array of traditional investments and does not offer complicated products such as derivatives or futures. Tiger Brokers provides an online trading platform for investors that are new traders as well as experienced traders. If you don’t have enough money in your account, it’s important to choose a brokerage that won’t charge commissions on funds and stocks under the necessary balance. Choosing one where the entire commission is just deducted from your account is preferable because you don’t lose any of your money. A website where there are customer testimonials and reviews also makes it easier to compare different brokers so that you can find the one that is right for you. Some sites even provide information on how much commissions a particular company charges and how much they charge per trade. It’s also a good idea to find out which securities they offer and if they have educational tools like webinars, tutorials, or videos to help beginners get started. Lastly, make sure the site has a strong security system like two-factor authentication.

5 Reasons Why Every Trader Needs to Know Trade Ideas

Tradeview – As a trader, you’re constantly going to be looking to make money on the market using whatever strategy you prefer (short-term or long-term, technical or fundamental). While doing this, there’s one thing you should never forget to keep in mind: Trade ideas are crucial in the trading world. If you’re not taking advantage of trade ideas (also known as trade setups), then you’re already putting yourself at an unfair disadvantage to other traders. Here are five reasons why every trader needs to know trade ideas!

1) Access to Tools

Trade Ideas offers traders the ability to have access to deep fundamental analysis, trade ideas, and in-depth insights into every market they trade. This also helps traders gain an edge by having insight into their competitors’ positions and understand which positions are popular in the marketplace. With Trade Ideas you can set your risk tolerance and automate your trades on a market-by-market basis. You also have the opportunity to subscribe for premium services like unlimited chat sessions with professional traders. Trade Ideas not only provides amazing value but it is backed by top-tier customer service that is available 24/7 for assistance when a problem arises or if you need help mastering how Trade Ideas works. Customer service representatives at Trade Ideas will answer any questions you may have about the product and get back to you in less than 48 hours.

2) Easy Operation

Trade Ideas is the perfect app for trading on your phone, PC, or tablet. It lets you generate trading strategies and runs simulations on them in order to gauge their performance before investing real money. You’ll get a thorough analysis of each strategy including statistics about market conditions, performance over time, equity curve over time. You can use Trade Ideas’ Strategy Creator to see how you can design your own successful strategy by choosing from many different variables such as entry points and exit points, trade management rules, stop loss orders and risk management rules. Trade Ideas also has a Community section where you can share your trades with other traders and learn from each other’s successes.

3) Working with Different Currencies

When it comes to the currency market, the two most popular are the US dollar and Euro. The US dollar has an exchange rate of 100 on both USD/JPY and EUR/USD. For example, 1.00 euro is equivalent to around 1.13 dollars and $1.00 will get you 0.83 euros. It’s worth noting that trade ideas may be used in trades involving any foreign currency, not just those traded against the USD or euro which means that traders need to know when they’re working with a different currency than these two major world currencies. Furthermore, keep in mind that if you’re trading multiple currencies at once (e.g., trading EUR/USD and GBP/AUD) then your profit from one trade can have a negative effect on another.

4) 24/5 Trading Opportunities

Trade ideas is the easiest way for traders to find a reliable strategy, and learn what other successful traders are doing. Signing up with Trade Ideas will help you figure out which trades you should be on and which ones to stay away from. And it’s 100% FREE! No obligations, no fees, just excellent trade ideas emailed directly to your inbox. You don’t have to do any of the work, but you can’t lose either because they’re always free! What more could you want? 

There’s nothing better than getting an email saying An opportunity to profit!. Getting notifications about new opportunities before everyone else and using them before the market starts moving helps you keep control over your investment and avoid trading against the trend. 

Trade Ideas does all that hard work for you by scanning billions of data points across multiple platforms so you can focus on finding winning trades without worrying about missing anything. Whether this is your first day trading or if this is something that takes up a lot of your time, Trade Ideas has something for everyone: an hour-by-hour stock list, signals that tell you when to buy or sell a specific security, quick actionable tips in bite-sized portions.

5) Personalized Learning Experience

Trade ideas will help you build a better trading plan. You’ll be able to hone in on your strengths and identify trading setups that will work best for you. This personalizes the learning experience so that traders can maximize their success. It’s up to each individual trader to find out what strategies are right for them, and Trade Ideas makes this easier than ever before. With this tool, every trader has access to simple yet effective techniques that they can implement right away into their routine – no matter where they are in the world! And because it’s web-based, there is no need for downloads or any other hassles. You can log in from anywhere at anytime. There’s no wasted time in getting started as all of the tools needed are provided with just a few clicks. In addition to helping you with your trading plan, Trade Ideas also provides insights into market trends that can help both new and experienced traders make smarter decisions about trades. But don’t take our word for it – here’s what some satisfied customers have said: I think this is an excellent product. I am more confident when making trades now. The lessons I learned here have been invaluable.

Everything You Need to Know About Trading with SaxoTrader

Tradeview – Trading can be a fun and exhilarating way to make money from your own home – if you know what you’re doing. If you’re looking to trade with SaxoTrader, this step-by-step guide will help you learn everything there is to know about using the platform effectively, including how to place orders, how to manage positions and even how to set up charts so that you know when it’s best to enter or exit the market. It’s a comprehensive guide that will serve as your virtual mentor every step of the way through your trading experience with SaxoTrader.

What is SaxoTrader?

SaxoTrader is an online trading platform that allows traders to open a trading account and access forex, equity and futures markets. Whether you are just beginning or have been active for decades, our award-winning trading platform will allow you full market exposure across your preferred instruments. With high levels of security and top of the range technology, the user interface is easy for any level of trader. Get access to one of the most reputable trading platforms in the world today – try out SaxoTrader now!

Advantages of trading with Saxo

If you are looking for a platform that has everything from trading options, Forex, and Futures, then Saxotrader is your best option. Saxotrader provides real-time pricing, advanced execution options and 24/7 support. Most importantly it is designed for traders of all levels of experience. 

When you start trading on Saxotrader your account will be ready for any type of market condition; plus you’ll have the support you need along the way so your trading skills will grow quicker than ever before.

Disadvantages of trading with Saxo

There are three key disadvantages of trading with saxotrader that traders need to be aware of. The first is the lack of trading flexibility. Unlike other brokers, saxotrader only allows investors the ability to buy and sell stocks, no forex trades or CFDs are offered. Another disadvantage is the lack of depth in different markets; while it may sound like a good thing at first, some markets require traders that know certain indicators and strategies due to how different each asset can be, but because saxotrader offers a small selection, there’s nothing more than classic options which limits opportunities for those seeking out a unique challenge. And finally, one last disadvantage is how much information you’re required to provide when opening an account.

What are the costs involved in trading with Saxo?

Saxo Bank does not charge for the basic features of SaxoTrader, though it does charge for other services. The charges for trading depend on which country you’re based in. For example, if you’re from North America, the US and Canada each have different fee structures (0.1% vs 0%). If you want to trade with leverage or make use of other advanced features, that can result in a subscription fee on top of your initial deposit. To learn more about any potential cost implications before joining saxotrader visit the website here.

What products do they offer?

Saxotrader offers a wide range of products, from stocks and commodities, to ETFs and Forex. In addition, you can use our platform as your bank account by executing buy and sell orders right through the SaxoTrader platform. With many features included, like fundamental analysis tools, company announcements, and advanced charting abilities with indicators. We also offer free content on our website in the form of Webinars covering topics like: What is an Indicator?, How do I choose a Forex pair? How do I set stop-losses? Etc.

How to trade currencies, stock indices, shares, commodities, options and FX?

Streamlining the trading process can save traders a lot of time and money. You could start trading stocks, shares and commodities from one account without incurring any additional fees. With so many tradable assets at your fingertips, it’s worth considering SaxoTrader’s low fees and no commissions policy – which will save you thousands of dollars per trade when investing in large quantities.

If that sounds like something you might be interested in, register for free here! We look forward to welcoming you as a new Saxo client soon!

How much money do you need to get started?

How much money do you need to start trading? The answer is, it depends. Some traders can get started for as little as $250, others may need $500 or even more. Depending on your trading style and the markets you are targeting, you may need funds that range from a few hundred up into the millions of dollars. When it comes down to it, every trader is different and every trader needs different levels of funds for different market scenarios. Learn what’s required for opening a SaxoTrader account and see whether you have enough capital or not. If you’re just starting out then we recommend downloading our free ebook that outlines how to use SaxoTrader with a low amount of money. 

What happens if I don’t have enough?: If you don’t have sufficient funds, then there are two ways to overcome this: 

1) Save more – Set aside some time to save up some cash until you reach the desired level. 

2) Trade smaller – In order to trade less riskier instruments like CFDs, forex, and commodities futures contracts only requires fractional amounts of cash (typically around 5% of position size). 

Continuation (six+ sentences): Read about how leverage works in the financial world and find out how it might affect your bottom line when trading via SaxoTrader.

What You Need to Know About Your First Trade

Tradeview – Your first trade can be quite exciting and nerve-wracking at the same time, especially if it’s your first day as an investor in the stock market. If you’re unsure about what to expect, though, you might end up making some serious mistakes that could cost you a lot of money in the future – or even in the short term! This article is designed to help new traders through their first stock market trade and put them on the right path to long-term success by avoiding common pitfalls along the way.

Understanding BitMEX

One of the first trades you should learn is how to do so on BitMEX, an online futures trading platform. BitMEX facilitates currency-based futures contracts and allows traders to go long or short on margins. This contract is always highly leveraged; meaning that the value of the position must be 20 times larger than the margin being used in order to be properly collateralized. The leverage changes based on what your position size is. So if you are going long with 1 bitcoin, your leverage will be 100x, but if you are going short with 10 bitcoins then your leverage will be 10x. The fees for a trade on BitMEX can vary depending on which type of trade (buy/sell)

Getting Started with BitMEX

Your first trade might seem difficult at first, but with some help you’ll be trading like a pro in no time. We’ll go through the basics of trading bitcoin (and other cryptocurrencies) on BitMEX and provide some resources for new traders that should make the process easier. Ready? Let’s get started! The whole process starts by depositing your desired cryptocurrency into your BitMEX account. In order to deposit cryptocurrency, you will need to find your address. Click Balances from the top menu bar and select Deposit. Then type in the name of your coin under Type (e.g., Bitcoin). From there you will see a screen where it says Amount. In order to withdraw your coins back into an external wallet when done trading, be sure not to withdraw more than what is shown as available below Available Balance. If this is too confusing or too complicated just yet, don’t worry; this will all make more sense once we start going through step-by-step trades.

Placing an Order on BitMEX

If you’re new to trading, using BitMEX might feel confusing. However, there are a few key things you should know before beginning. First trade, you need to buy Bitcoin with US dollars and then go long or short on the instrument of your choice by placing a leveraged trade against BTCUSD (Bitcoin versus US dollar). In other words, buying the USD/BTC cross allows you to take both long and short positions on Bitcoin.

Understanding Leverage on BitMEX

For the first trade on BitMEX, leverage is a great tool for making quick profits. Leverage allows an investor to use less money in order to control more funds on the market. But it does not come without risk! The key to leveraging is understanding how your position size and margin affects your trading profit/loss as well as position limits. To illustrate, let’s say I have $1000 USD available for trading and I would like to purchase 1 Bitcoin worth of contracts using 100x leverage with my account’s current margin of $200 USD.

Introducing Liquidation on BitMEX

One of the most frequent inquiries we receive is how do I make my first trade? Although we recommend reading our Getting Started Guide, here are some things you need to know: – All funds deposited with BitMEX are Bitcoin and will remain in Bitcoin. At this time, only BTC is tradable on BitMEX. – Bitcoin will be used as your initial funding currency (unless your preferred choice is not available). If you wish to change this setting or deposit a different cryptocurrency, see our Tutorials section. – The risk management system called Margin Call may prevent traders from liquidating the position at the desired level at any given time because it has been determined that it would expose their remaining balance below the margin limit.

Disclosing Risk on BitMEX

The most important factor for a first trade is that you understand and accept the risk. There’s always a chance that something will go wrong. In this case, we’ll cover some of the risks involved with BitMEX. First, leverage is risky if you don’t know what it means, or how it affects your trade. The idea behind leverage on BitMEX is just like the concept in real-life with money – the more you borrow, the higher your potential return. However, take into account that when you lose on leveraged positions, your losses are magnified.

Calculating Profits and Losses on BitMEX

Since every trade on BitMEX is either a profit or a loss, you will want to start off with this. To calculate your profits and losses: open up the interface and select the tab labeled Trade History. On the left-hand side of the screen, navigate to the date of your first trade (which should be marked by a green triangle icon in your BitMEX activity feed) and click on it. Navigate over towards the right side of the screen until you see all trades with that time stamp.