What are the steps to use cross leverage on BitMEX effectively?

1 answers

• Khalil IbrahimApr 12, 2022 · 3 years ago
  Cross leverage on BitMEX can be used effectively by following these steps: 1. Log in to your BitMEX account and navigate to the trading platform. 2. Choose the cryptocurrency pair you want to trade. 3. Select the cross leverage option and set the leverage level. 4. Enter the amount of cryptocurrency you want to trade with. 5. Set your stop loss and take profit levels to manage your risk. 6. Double-check your trade details and confirm the order. 7. Monitor the market and make necessary adjustments. Remember, cross leverage amplifies both profits and losses, so it's important to have a clear trading strategy and risk management plan in place.
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