Quote from: cryptocointrade.com on March 17, 2019, 07:40:31 AM

Quote from: butka on March 17, 2019, 07:06:22 AM

A piece of advice:

If you don't know what a stop loss is, Bitmex is definitely NOT the right place to be. The confusion can be enormous when you add margin trading, take profit targets, and other sophisticated nuances on top of the normal trading routine.

Much better would be to start trading on a platform that doesn't offer leverage trading but does have stop losses.

Or at the very least, stick with the Bitmex Demo platform for a while until you have learned all the ins and outs of this platform.

I agree!

Don't even think of starting your trading career at BitMEX. You can check more beginner-friendly trading platforms such as Bitstamp, Coinbase or eToro. Don't use leverage trading in the beginning.

You can read more about how to start cryptocurrency trading and how to avoid a mistake in cryptocurrency trading.

I dont know bitstamp because i do not have an account there. But i see they charge a fee of 0.25% per order.
If you can stay away from sliding the leverage bar and obky use 1x limit orders, than bitmex can be a lot cheaper to trade on because of the taker fees. Bitmex has a lot less choice in coins to trade, which for a beginner i think is good because it prevents from overtrading on a large choice in different altcoins.
Whats your view on that?

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