What strategies can I use to minimize slippage on BitMEX?

3 answers

• Daniel HrndzDec 31, 2021 · 4 years ago
  One strategy to minimize slippage on BitMEX is to use limit orders instead of market orders. By setting a specific price at which you want to buy or sell, you can avoid the potential price fluctuations that can lead to slippage. Additionally, you can consider using smaller order sizes to reduce the impact of slippage. Another strategy is to closely monitor the order book and place your orders when there is sufficient liquidity to execute your trade without significant slippage. Finally, it's important to stay updated with the latest market news and developments that may impact the price on BitMEX, as this can help you make more informed trading decisions and minimize slippage.
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• Sagnik HalderMar 13, 2024 · a year ago
  Slippage can be a frustrating issue when trading on BitMEX. One effective strategy to minimize slippage is to use a trading bot that is specifically designed to execute trades with minimal slippage. These bots can analyze the market conditions and execute trades at the most favorable prices, reducing the chances of slippage. Additionally, you can consider using advanced order types such as stop-limit orders, which allow you to set a stop price and a limit price to control the execution of your trade. This can help you avoid slippage by ensuring that your trade is only executed within a specific price range. However, it's important to note that using trading bots and advanced order types may require a certain level of technical knowledge and experience.
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• Ayurveda Sahi HaiJan 25, 2022 · 3 years ago
  At BYDFi, we understand the importance of minimizing slippage when trading on BitMEX. One strategy that we recommend is to use the 'Post-Only' option when placing limit orders. This ensures that your order is added to the order book and not immediately matched with an existing order. By doing so, you can avoid paying taker fees and reduce the chances of slippage. Additionally, it's crucial to carefully analyze the market conditions and liquidity before placing your orders. By choosing the right time and ensuring sufficient liquidity, you can minimize the impact of slippage on your trades. Remember to always stay updated with the latest market trends and news to make informed trading decisions.
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