BitMEX Reviews & Our Opinions in 5 steps
Check our BitMEX reviews and tutorials on how to trade
(and survive!) Bitcoin & Ethereum using leveraged futures contracts exchange - BitMEX.
Ministry Of Margin Trading is a group of experienced traders who use BitMEX exchange every day. We explain how to start trading on BitMEX platform and find a successful strategy to make profits.
We want to give you our honest BitMEX review and opinions.
We proudly created our own version of the BitMEX calculator - so easy to calculate fees and PNL (ROE %). Currently, we scalp a lot and we spend in front of our monitors 10-12 hours waiting for a great market opportunity, mostly trading on BitMEX exchange.
On this website prepared full guide starter for beginners and advanced how to begin trading at BitMEX. In this interview, between beginner and CEO MinistryOfMarginTrading, we explain where a key is to make profits on Bitmex exchange according to our 2 years of experience here on BitMEX platform.
In our opinion, the most important on BitMEX, is not to lose the entire deposit, avoid liquidations, set stop loss and learn how to properly use their platform.
The 1st step is understanding BitMEX and what you are doing.
We explained millions of times what liquidation at BitMEX is and how to avoid it. Traders don’t have time to read it. Trader’s greed is so enormous that they are losing money at BitMEX in a stupid way.
Being liquidated means that you lose much more money than you should. All you must do is to set up stop-loss orders much more before liquidation price by mark price.
Easy? Yes, but every minute at BitMEX somebody is being REKT.
The next common BitMEX mistake is opening to a big quantity of XBT contracts comparing to your deposit (cost) using x50 or x100 leverage!
Margin trading on BitMEX is from our perspective just amazing but you cannot make so easy mistakes.
The 2nd step is finding your niche to generate profits on BitMEX and realize your strengths + weaknesses
You must decide what is your BitMEX profit-generating strategy.
What is your advantage compared with other traders?
What do you know more about markets and Bitcoin?
What leverage are you prefer?
What quantity of contracts per trade?
How many hours weekly can you dedicate to trade BTC?
You prefer W1 chart time frame or M5. Do you want to scalp on BitMEX?
Do you want to trade Bitcoin, or maybe do you think that Bitcoin Cash will be cheaper compared to Bitcoin?
Trade then contract BTC/BCH etc. You don’t have to focus just on Bitcoin. BitMEX offers 10 other future contracts.
The most popular Bitcoin perpetual contract doesn't have to suit you.
If you need to start trading with our guidance in order to find your niche – contact us If you open or re-open BitMEX account with our affiliate link to get a 10% fee discount, we will always do our best to help you.
You are free to use our Bitmex calculator. It will help you understand margin trading better.
All these numbers are confusing at the beginning but this calculator will help you calculate profits, fees, liquidation price and in general, will help you to find out who you are as a trader.
It is a must! Spend with our calculator 15 minutes and you will do a huge step forward.
The 3rd step is to test your strategy investing with a small deposit and at the same time test everything you need on BitMEX.
Get REKT a few times with $1 deposit, observe BitMEX trader's behavior - where they set stop loss, talk with people on troll box, check all functions of the platform read our full Bitmex guide how to start trading.
I don’t have to remind and explain again that on BitMEX you are trading against other traders. You earn – somebody else loses.
Know your opponents and to diagnose their bad habits!
We do not recommend deposit to Bitmex more then 0,01BTC when you are a beginner.
The 4th step is to stop thinking like mainstream traders!
We know exactly what Bitcoin holders would like to hear.
Look at Reddit.com – nobody is looking for true, everybody just wants to confirm that Bitcoin will be worth 1 million in the future as this is their dream.
As a professional trader, you just forget about your price predictions and dreams.
Do you think that you will read the same articles as everybody and you win, and they will lose? Why? Are you so good trader? Really?
Here is the best guide on BitMEX exchange what we can give you:
Do not glue only to the direction of the price or trend movement.
You do not have opinions, you only hunt like a tiger for shaking traders.
You buy, and after a while, you can make huge short! You have to observe other Bitcoin exchanges all the time.
The last 5th step (THE MOST IMPORTANT) is to use the weakness of other BitMEX traders to win when they lose!
Do it! You don’t have to earn every single day at BitMEX.
We are happy to have:
4 days in a week when we earn +100% investing aggressively
4 x $1000 – 3 x 1000$ = $1000 weekly. Without greed and a boss.
It is not millions, but every week is ok. You don’t have to predict Bitcoin's price to earn on BitMEX – we explain more during our Webinars - how to find the best strategy for you.
Explore the website every week.
We add new important information to help our traders beat others on BitMEX and other crypto exchanges.