PRO Forex Trader's tips on Bitcoin Futures Trading

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Prolonged duration of bearish market trend has led most people think that cryptocurrency market is no longer profitable.

However, the market volume has recently been shifting more towards Futures exchange and thus regaining its profitability like the old bullish days.

As you know Forex exchanges, AKA FX trading, there is a similar way of trading in crypto.

 

The best merit of futures trading is that you can make money while the price is falling, by shorting the asset, and maximize your profits by using high leverages up to 100x

 

The crypto futures exchange that I’m going to introduce you now is the Bybit.

 

 “The Bybit crypto exchange”

 

Bybit crypto futures trading platform was established at 2018 march, and it did not draw big attention until 2019 but now it handles 2nd volume rank in crypto exchange.

 

Because BitMEX, the major crypto exchange’s server went down too many times(aka overload), and made trust issues within the exchanges, Bybit’s trading engine provides high-speed trading with no overload during big movements so it became a major trading platform.

 

“How to use Bybit”

 

Bybit does not offer FIAT(cash, such as USD, KRW..) deposits. It only supports BTC, ETH, XRP, EOS, USDT deposit.

 

You can deposit those assets from the exchanges that you were already using.

These are the steps for sending Crypto assets to bybit.

 

• Register Byit ( Fee discount 10%, Welcome 90$ bonus link: )
• Copy Bybit’s wallet adress.(Deposit)
• Go to your old exchange platform’s wallet
• Click “withdraw” and Paste the Bybit’s Deposit address that you copied before(make sure you checke your address)
• Wait for confirmation

 

"How to Trade?"

 

I will explain using BTCUSD, which is the main exchange in the market.

 

Click one that you like.

 

 

USD is BTC based trading and USDT is for Dollar-based trading.

 

 

When you click the chart pops up.

 

If you press the circle below, Trading page pops up.

Left side of the trading table, you can see Long, Short buttons.

 

Buy=Long position

You can make profits when the price goes up

 

Sell=Short position

You can make profits while the price goes down.

In both positions, you can use up to 100x leverage.

For example, if you have 1,000 USD. You can make up to 100,000USD position at bybit.

 

For example, You entered long position(100x leverage) at the price 9,000$ and the price went up 10% to 9900$. 

Then your position of 100,000USD’s 10% becomes 110,000USD.

 

Your profit becomes 1,000(your original seed money)+10,000(your position profit)=11,000USD

 

You made 10,000usd just using 1,000USD.

 

But if the price goes the opposite side just by 1%, your position size becomes from 100,000usd to 99,000 USD. So your original margin becomes zero.

 

This is margin call(Liquidation)

 

In order to manage your risk and avoid margin call, we recommand you not to use more than 4x leverage.

 

As a pro trader, the golden rule for successful trading is to manage your risk carefully and keep on leverage below 4x.

 

PS. My leverage is 3~10x, and size is normally 10,000~50,000USD.

 

 

Average profit is 10,000USD/month. Do not use too much leverage, if you do you’ll be liquidated.

 

 

 

"Bybit Event"

Bybit offers user-friendly events which offers high prizes.

Typically, it is a 15% discount event for transactions and a $90 gift event for deposits.


Bybit often hold high prize trading competitions, so it would be good to participate and get good results.

https://partner.bybit.com/b/Chartss

—15% Permanent Fee Discount Promotion Event + Link up to $90 Deposit Event —

Applies immediately upon subscription.

 

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