Bitmex

hello biz, complete noob here, I've been holding 10 btc since 2012 and I want to play around with $500 on bitmex, I've never used bitmex before and my 2 digit neet IQ can't comprehend youtube tutorials on it. Can someone give me quick rundown and how I can make money. Please use simple words thanks

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Keep holding... I'm serious, DO NOT trade in Bitmex if you are a noob.

Just hold dude.

If you cant understand the tutorial on youtube, you gonna get rekted in bitmex.

just use the bitmex testnet then

i want to learn and I don't mind losing the $500 i would've spent it on drugs anyways

>short low leverage
>collect never ending fees from permabull faggots in a sideways market
>up 25% alone just from the last few weeks.

This.

But if you just want to fuck around with some money cause you're bored just transfer like 0.1BTC there and press buttons and see what happens.

Then try to do baby steps, going on Bitmex without the foundation is gambling, and you could do it in far better places than Bitmex. Start by day trading with the 500$, make statistics on the results you are doing, and find a strategy that works for you, then go for Bitmex

>short low leverage
explain this term to me
>collect never ending fees from permabull faggots in a sideways market
i thought most people were always permabears since the market crashed
>up 25% alone just from the last few weeks.
what was your initial deposit

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Can someone photoshop drool on the brainlet's face?

places like what? im a total brainlet when it comes to this market the only reason i bought btc in 2012 was to buy drugs but now i want to make money quickly. Everytime I would visit this board thats all u guys talk about it.. bitmex and icos

Leverage is just borrowing money you don't have automatically. So if you have 1 dollar and use 10x leverage you are now profiting from the movement of 10. So if the asset moves 10% you get 100%. It ranges from 1-100x on bitmex. The exchange also takes away your money if your trade goes too negative.
All I've seen nonstop is bullish sentiment.
A meh amount.

First, don't listen to the majority of crap this board posts. Read baby pips for a start, weird name but good entry point. Then try to understand how exchanges work and how transactions are made, it's critical for you to understand timing. Research keywords like leverage, limit trading, market buy / sell, MACD, RSI, BB, margin trading, market cycles, Elliot Waves, etc. There is a ton of work for you to make money consistently from trading, it takes years, not weeks or even months.

>meme waves

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Thank you.
>The exchange also takes away your money if your trade goes too negative.
do you set a target price or do just watch the chart and do you click of button to stop it before a loss? There's way too much going on this page

You would be surprised at how great TA works, it's a study of probability and options, not a fucking horoscope or magic crystal ball of prediction

I know how the jist of how exchanges work but I guess you're right, I'll have to look into it

Trade a 1 dollar contract first to get the hang of it. You use TA to gauge an entrance point, an exit point and a stop loss. The easiest way to start trading is trading breakouts because all of those points are very clear.

>when half your counts get invalidated but that's ok because you can just do another count

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Matter of perspective, been working for me, to be honest.

thank you. Is there a discord or a telegram channel for Jow Forums?