BitMEX Signals – How to leverage trade Crypto Markets with crypto signal providers – Version: 4.5.2 ( Last Update: 05/24/19)
The Best BitMEX Crypto Signals Providers
|2. Margin Whales||8.3|
|3. Yo Crypto||8.2|
|4. BitMEX Syndicate||7.8|
|5. Margin Signals||7.7|
|6. Verified Margin Traders||7|
*SmartRank = calculated ranking based on accuracy, risk awareness, support & price/performance ratio. The value depends on 80% SmartOptions evaluation and 20% on the customer reviews. Every customer is eligible to express his/her opinion and influence the ranking of the channel.
BitMEX is a platform for leveraged trades. You can use leverage up to 100x. BitMEX Signals shall provide you an edge over the market, as professional traders share their own setups of trades they consider taking on the BitMEX Platform. A BitMEX Guide can help you to understand the basics.
Trading cryptocurrencies is not fun right now – you can only buy and hold – and hope it will get up, but what if everything you touch just tanks. For many people, BitMEX becomes teasing more and more to trade the financial market of cryptocurrency, as it offers the opportunity to reap some profits while the other holdings on regular exchanges are dropping. BitMEX is a trading platform, not an exchange in the way you might be familiar with, which makes an important difference. We wrote an article about BitMEX and its danger of high leveraging your trades, and want to stress that leveraged trading can zero your holdings in no time – especially if you don’t know what you are doing. So keep in mind every high leverage traded recommendation is a risk for your account, due to the well-known volatility of Bitcoin and crypto in general. The risks are obvious: Once your margin is eaten, the trade – in the worst case your account becomes liquidated. You need a trading plan, on when to enter and when to exit the markets to make money. If you are new to BitMEX and just playing with the thought to start over, please take some time to read our BitMEX Guide. BitMEX is heaven and hell in one – it can help you to stop the bleeding of your account value and it can cost you everything. Our selected providers will help you to make the first case happen: Growing your BTC holding while the world falls apart – ready for the next bull run!
BitMEX is a Hong Kong-based cryptocurrency derivatives trading platform that works as a real-time application for potential investors. It operates in many regions such as Japan, South Korea, and Europe, Russia. US Citizens are blocked by an IP ban from using the live platform (but can use a VPN via RDP like many users report – no guarantees given here). Its commission rates vary with each transaction. BitMEX is since 2014 in the game and was the first to launch a leveraged swap contract on cryptocurrencies. In other words, since there is no expiry (on the perpetual contract for Bitcoin ($XBT) ), one does not need to roll one’s position at a fixed point every time – only the future contracts run out.
Table of Contents
- BitMEX Signals
- General Informations about Trading on BitMEX
Finding the best BitMEX Signals
Your Journey Starts here
The first thing we found out pretty fast, is that there are near to no good BitMEX signal providers on the market. They are hard to find and way often an outright scam. We’ve thrown out the fishing rod and found a few ones you could trust. These are providers whose channels we are monitoring for a long time and can vouch for their seriousness. As we are subscribed to the regular crypto signal channels for months now, we can say these guys do a good job in general and if we have to trust anyone for a leveraged signal, then this groups would be our way to go. Not all of the listed groups have general trading channels, though – some of them formed out of other channels or are solely BitMEX-focused telegram channels. If you prefer Discord for BitMEX signals, we have this well-researched post for you. If you go with other BitMEX channels be very careful – there is scam beneath every corner. NEVER, like really NEVER, give someone your account credentials to trade your account. There is an API which enables you to let a provider trade your account without risking a robbery – way too many folks got scammed by an “I trade your account for you – guy” – don’t be that Jack!
No matter how excited you become to have found finally some reliable BitMEX signals, you should never, never, never use more than 10x leverage, even if a provider suggests it– as this can become a trading suicide pretty fast. As we rank our providers by their consistency rate, we even give out a High-Leverage Penalty if they exceed 10x. One thing you might have observed in trading is, that there is nothing like a “dead-sure signal” – things can change quickly – bad news comes in, the sentiment changes suddenly, and the best technical analysis won’t cover your back. Different to normal crypto trades is that you can’t just hold until the price recovers, especially not with leveraged positions, because the leverage works in both sides, so your equity can be eaten pretty fast if the price runs against your direction. There are occasions you can make use of leverage to de-risk your trades – this is the real job of leverage in my opinion. We put another post up for you, to learn how to use BitMEX Leverage in a way it makes sense.
So whatever you trade, if you buy or if you sell, if you are bullish or bearish – you should always have a good stop-loss in place and use proper money management and calculate your risk-reward ratio. It is teasing to go all-in if you have a provider you can trust – but they will also fail from time to time – it is like that, no matter what and it is totally normal and OK – Money management is there to protect you from these cases. Personally, we would not exceed 1-5% of the total equity, you allocated for BitMEX. Remember: slow and steady wins the race and there are no overnight riches waiting for you.
The Providers of these channels allow us often to share a free signal with you, so you can test them out!
But now let’s go – here are the best Signal Providers for leveraged Crypto Trades
THE BITMEX SIGNAL REVIEWS
Our Hand-selected List Of The Best BitMEX Trading Groups On Telegram
~BitMEX Margin Signals | Trading Collective |Auto Trader |
Provider of the Month three times in a row ~
CryptoMedics0.06 - 0.09 BTC
- Very Active Support Groups
- Good Capital Protection
- Great Educational Content
- Live Trading & Webinars
- For Day Traders and Investors (ELITE)
- Big Team of Traders
- Added in Crypto Signals & BitMEX Short List
- 3x Provider of the Month in a Row
- Current Provider of the Month
- One of the more expensive channels
- Sometimes a bit shy of confident targets
Cryptomedics is a well-known channel for special information nobody else has, as well as for great technical analysts. These guys definitely know what they are doing and have quite a big team to deliver some seriously good stuff. Their Elite channel was the only chance to get into their margin channel until now, but recently they opened it, along with their altcoin signals in a bundle for lower budgets. So besides the BitMEX signals, you also get their valuable altcoin signals as well. For their customers they have prepared documents and webinars ready to make sure no one does stuff on BitMEX, they do not understand. Very good level of education. The channel also comes often with general Bitcoin strategy updates – how to react to the recent ongoing things, how to be prepared for eventualities.
The Signals Review
CryptoMedics is an exceptional channel and you cannot put their work into a simple shortlist review here. The key points are: the altcoin and BitMEX signals are very good. They have a team of traders acquired that do an outstanding job in overseeing the complete crypto landscape and putting the pieces together to select the best trades. All with a great risk-reward ratio and
Cryptomedics is a well-known channel for special information nobody else has, as well as for great technical analysts. These guys definitely know what they are doing and have quite a big team to deliver some seriously good stuff. Their Elite channel was the only chance to get into their margin channel until now, but recently they opened it, along with their altcoin signals in a bundle for lower budgets. So besides the BitMEX signals, you also get their valuable altcoin signals as well, which we reviewed in the paragraph above. For their customers they have prepared documents and webinars ready to make sure no one does stuff on BitMEX, they do not understand. Very good level of education, which is an important spot for Cryptomedics (SmartOptions wrote with CryptoMedics the BitMEX Guide in collaboration). The channel also comes often with general Bitcoin strategy updates – how to react to the recent ongoing things, how to be prepared for eventualities.
The trader team for leveraged trading has Jonas, Alexander, and Jakov in charge and these guys truly rock it with their signals. Also the head of education, Hendo, offer signals from time to time. Personally, I fancy the cold, rational trades by Jonas as my favorite. They offer pretty great margin calls with exact instructions of what to do and where to buy in. The entries come in a staggered manner but the ranges are often happily reasonable. They also trade alts on BitMEX, but honestly, it doesn’t matter, they just kill it there, no matter what they touch! They have a nice set of great traders in their stack, which will give you much more than just simply buy and sell signals. They offer the traders also very good education, taught along with the signals. Their trader XHB called the short when Bitcoin hit an all-time high, he even called it to go down to the 3k area where it is right now – and got banned from several groups for publicizing his opinion. He is your guy for long-term recommendations. Their trader Jonas is a fantastic day trader, a math guy that really knows his shit and is in the trading game for a very long time – way before Crypto was a thing for the masses. Jakov and Alexander are their newest addition to the team and they post very elaborate signals with a heavy emphasis on the education factor. Jakov is also in charge of live streams and live trades with the clients, hosts webinars and Twitch sessions. The signals are often updated while running as the traders seem to have stopped sleeping, giving you the best possible returns. GREAT stuff that makes me really rave about them!
The signals come with technical analysis and most often with an explained reasoning right after, also the trading style (like day trade or swing trade) is mentioned. Basically, they offer three kinds of signals:
- Swing Trades
- Planned Swing Trades
The third one of the three is all about pre-planned scenarios to play longer and bigger swings on BitMEX. You just allocate the funds, set the trades and forget about them – and one morning when you wake up and check your account – pling – trades are active and running nicely (my experience so far).
Furthermore, they developed a really good sheet on Google Docs which lets you calculate the sizing for each position to stay in line with perfect risk management. This, in conjunction, with being “SIGNAL PROVIDER OF THE MONTH” for the third time in a row makes Cryptomedics a solid choice.
The Signals Bot by CryptoMedics accepts now your API key andSecret for BitMEX and places the trades fully automatic for you.
And the outcome on the charts:
The results by CryptoMedics are doubtless good and if go carefully through their trades, you will find evidence that real pros are issuing the calls. In 95% of the cases you will find a great risk
You will also find that each of the trader team has its own signature moves, the trades have a DNA. They respect the BTC dependance mostly and if you look the March results, for example, you will notice they go for smaller gains on their Binance trades when their analyst team smells a big destructive move, which could hurt Altcoin trades. Better safe than sorry, that could be a motto of CryptoMedics, a channel that values capital protection more than like the most. Slower but safer growth, steady growth with a great hit rate – these are the results to expect from their Altcoin & BitMEX bundle. For the ELITE package, well early members have bought HOT, ZIL, BNB to name just three at dirt cheap prices…
Well, the support was one of the best we’ve seen in Telegram Crypto Land. Their chat rooms are pretty busy and their big and motivated team contributes to a great support service.
One of the team is always around and they are always willing to help. They are always laid back and relaxed and will give you their best advice for sure.
CryptoMedics is one of my all-time favorites. You might have figured that from writing. It is like this for a reason: I like if someone dares to do things in a different way and I value it if someone takes things seriously and therefore goes the extra mile, BEFORE recommending stuff to the public. Cryptomedics hired professional traders, that give very reasonable trade suggestions with great Risk:Reward and guidance on the way through the targets. I can#t say what fascinates me the most about Cryptomedics. I guess it is the professional way, the constant progress of the channel which makes it a completely different experience than the most you will find on Telegram. Great Calls, Great Education, A-Grade Support and Community Management, or the research that takes things deeply seriously – this is the mix I really like and value.
Their Bitmex, as well as their Binance Signals, are ultra successful, so they use it as a vehicle to grow your BTC stack over there, garnered with a few selected Gem buys here and there, which are mostly winners in the long run. If you want to signup for altcoin signals alone, I would consider a channel from the above. If you want to use the bear market for building a GREAT portfolio along with their fantastic and often updated gem list, the Elite membership is for you – these guys will get you prepared with the right altcoin portfolio for the next bull run.
For both, the BitMEX and the Altcoin channel, you will have months with smaller growth and – once the markets allow it again – months with very impressive growth. And this is a good thing, as it tells us that CryptoMedics cares about capital protection in the first place.
Very important: The Elite Plan comes with a custom auto trader solution. You provide your API details for BitMEX, Binance, and Kucoin and the bot execute the trades in your accounts. You can find out more about it in our Binance & BitMEX Auto Trader post.
#2 Margin Whales
~ Insane Accuracy | BitMEX and Altcoin Signals | Great Risk:Reward | Weirdly Cheap ~
Margin WhalesStarting at $150
- Ongoing Market Updates
- Fantastic Hit Rate
- Very Good Risk/Reward Ratio
- Nice Support
- Listed in "The BitMEX Signals on Telegram" Post
- Active Market Monitoring for Trades
- Sometimes Operations Close at Breakeven
- If you don't use the Auto Trader, you have to attend the trades
- Often Scalps with smaller gains
Since quite a few months, I was a member of the free channel of Margin Whales. I liked the quality of their posts and already asked them if they want me to check their premium channel. Unlike, the most I got no very enthusiastic reply and we left it like that. It is OK for me and I value that, as I know good quality traders are often not very fond of marketing and not very good in promoting their stuff (hence other paid groups or coaching products like courses, etc. which are marketed very good, are often garbage or scam). However, sometime later, one of the channel owners of our other listed signal providers, asked me if I know these “Margin Whales” guys as they’d produce nice results. I contacted them again, and finally, I got a seat on their channel. Check with me, which quality & results the BitMEX trading group delivered.
Margin whales is a channel for leveraged trading signals for BitMEX and similar exchanges that allow margin Trading, but they also offer a second channel for Altcoin signals included in the Membership. Since its inception end of June ’18, they had quite a good series of success and might be a good addition in your signal provider arsenal. There is not much to tell about the story behind the channel, but this is sometimes not the worst to keep a clear view of the signals itself. Let’s review them.
The Signals Review
Margin Whales are not spitting signals like a firework but are still quite frequent and active. I actually don’t like it if it gets too active – the amount of tradable assets on BitMEX is limited, and if you place e.g. shorts on multiple altcoin futures there, you are increasing your risk exponentially due to the dependence of Bitcoin moves. Margin Whales play the responsible card and you still get an average signal amount of around 20 signals a month. These are around 70% regular trades, 25% scalp trades and 5% so-called Whale Trades, where they play bigger moves.
If a signal setup fails, they detect it very fast and get out at breakeven quickly to avoid a stop-loss. I can say that they are very good in re-evaluating the market situation and take action proactively, something that is rare to find. They don’t just want to push signals to deliver, they seem to care for the signals published, which is a great attitude. Furthermore, I liked it that they kept an eye on the markets in general.
For example, if they are long with an altcoin future, they keep on monitoring the behavior of Bitcoin. If a bearish outlook forms, they are likely to close the altcoin long trade. As said, Margin Whales trade very actively. While you don’t get multiple trades per day, they treat each signal carefully and support you while it is running with directions according to their observations. The chosen risk:reward ratios are very reasonable (see trade example), something I really like to see.
With the active market monitoring, they are able to get out of the most failed setups at breakeven, which gives a warm and fluffy feeling, as every trader’s first job is to reduce risk and to protect capital. This is done very precisely with Margin Whales.
An area of improvement could be the signal reasoning: If you like to understand the signal given, by looking at their technical analysis, you’d need to ask for it as the signals itself are presented without further reasoning. This has been different in the past, if you scroll up the history, you can find great technical analysis, reasoning and expert tips on risk:reward and risk management – I’d love to see this again!
In this example from today you can see how they figured the recent drop of Bitcoin and closed their altcoin long position before that, switching their bias according to the market movements.
And here is how it played out on the charts:
Overall, the results have been pretty good. I want to imagine this service on an auto trader as one thing is a downside: if you enter a trade by Margin Whales, you should be around to receive the updates and act accordingly to reproduce the same results. Happily, it is possible to have custom alerts on Telegram for particular channels, so this would be a quick fix.
In December, we had 22 signals, where 12 have been closed in profit, 4 losers, 5 closed at breakeven, and one order has not been filled. Considering only the winners and the losers we have a juicy success rate of 75%, considering the trades closed at breakeven we are at 57.17%. The achieved profits have been in the range of 12 to 87% and the month closed with almost 500% profit, a figure which has been already exceeded by the time of writing for the current month January (we are currently at 580%), so we might close this month with even better numbers. The risk:reward ratio has been chosen wisely and the loss never exceeded 17% (maximum loss in December).
The fees of the paid group can be found on the lower side, so if one takes some of their trades, the monthly fee might be back in the pocket with some trades, though, of course, past results can’t speak about the future outcome.
Mr. W, the support guy, was always around to help. Not much to ask though, as the instructions are very clear.
Margin Whales is definitely a good channel and deserves it to be in our BitMEX shortlist. The Risk/Reward was fine in 95% of the trades, here and there was a slip, but that’s ok. Many scalps but also some bigger trades have been found. There was one case where a trade has been celebrated as a
#3 Yo Crypto
~ Extreme Accuracy | BitMEX and Altcoin Signals | Responsible Trader ~
- Very High Accuracy
- Long Track Record of Proven Success
- Fast Hitting Signals
- Perfect Price/Performance Ratio
- Risk Aware, Signals ONLY in certain conditions
- Full Trade Setups with Allocation, Leverage, etc.
- Stop/Loss mostly at 25%
- No Customer Chat Room
I spent quite some time to observe the premium channel of Yo Crypto, a reader has recommended them for the great success he had with them. At first, he was providing really damn good unleveraged altcoin crypto signals and had an additional channel, where he provided BitMEX signals. I joined both and as much I liked the altcoin signals, as much I was flashed by the accuracy of the BitMEX trades. I went out for a chat with Ronny, the admin of the channel who was and is a very friendly, respectful person. He has shown quite some knowledge, so I decided to take a look. I found a superb success rate with his Bitmex trades, as well as their altcoin signals. They don’t offer a bloated program of services – you pay a relatively cheap fee and get great signals for BitMEX and – once the market allows it, or once BitMEX is untradeable due to price action – general altcoins short-term and long-term signals, simple as that. We first had this provider in our post about Crypto Signals but decided to move it here, as the emphasis was on BitMEX, we figured. This service worked for me even in tricky times and if I am holding a position in the opposite direction than a Yo Crypto signal, I think twice about holding it further!
- Excellent Bitmex Signals
- Very accurate altcoin signals
- Long-term coin picks
- Soon a custom auto trader solution
The Signals Review
The crypto trading signals by Yo Crypto have been excellent from excellent quality for us. Even if you do not want to make use of their Altcoin signals, they’d be still to your advantage as those come rarely – and if they have a fantastic hit rate. They always have a close eye to Bitcoin and its corny moves and adapt their strategy for altcoin trades, but let’s talk about the BitMEX signals. We received signals on XBT as well as altcoins on Bitmex. Most often XBT, ETHUSD, ADAM, and BCH. A quick insider note for you: his accuracy is astonishing – though there is one asset that drags his hit rate down: XRP – so if you want to add additional safety and likeliness of an almost perfect track record of winning trades, just skip the XRP trades.
In regards to the style, I would categorize Yo Crypto as a Breakout Trader. He always waits for the perfect conditions, like a hunter who is silently stalking and suddenly he enters like a sniper. Still, he always gave a good range to enter and I never had problems with my orders not getting filled.
Yo Crypto provides most often an entry range, along with the information of the current price, so he makes sure you have chances to get in at the suggested price. The targets are most often split to the amount of five. There are times where many signals hit, and some times where mostly the first 1-3 hit. The first three targets hat the best hit rate in our test. We take the majority out on Target 1 – and leave the rest as play money. Once Target 2 has been hit, Yo Crypto moves the stop loss to breakeven, so you can simply let the signal run your way and try to achieve Target 5 if you wish. Stop/Loss to break-even, Leverage up to 100x or Cross – and you will set up enough free capital for further trades. Please make use of stop market orders to make sure your break-even stop gets triggered.
I like in particular that we enter in relative small buy ranges, like $40-$60 on XBT or $1-$3 on the ETHUSD pair. Many other provides use wide entry ranges, where you have to split the allocated capital pretty much. if you use 10% for a trade in general, but you are advised to enter in 5 steps with huge difference, you will often end up with 2% trades and a much smaller outcome when closed in profit.
However, as everything in life, there is also a drawback with Yo Crypto. At least partly the reason for his incredible hit rate is his stop/loss distance, which is always 25% from entry. Given the fact his track record of success shows it hits pretty rare, the risk is overseeable. Takling a 1 BTC account, which plays 10% on each trade, we would end up with a 0.025 loss for the 0.1 BTC sized trade. All things considered the Risk:Reward is still in place here, as you will see in the upcoming trade example.
Don’t expect daily signals here – there are days with many signals and days with less. This is very responsible as the market dictates the trades, and this is the only right way to do it. If the markets are dull or moving in a weird way, it is better to stay out – however, newbies want to burn their fingers first, before they accept it.
Yo Crypto is obsessed with Bitcoin and observes it carefully to stop providing signals if they anticipate risky moves of corn. Very reliable signals group in critical situations, prefers to play the safe card. He actively monitors the news and delivers trade updates to get out at breakeven if something happens that could affect the success of the current trade.
Yo Crypto is a good solution for those that like to go both ways: Bitmex and altcoin trading in general, though the Altcoin trades do not come on a regular base or rhythm, they will just suddenly hit you one day – don’t expect them, then you’ll get them.
And here is how the trade looks on the chart:
The BitMEX signals by Yo Crypto have been impressive, he clearly has an edge on these markets. As you can see from the trade example Yo Crypto plays the safe card. Smaller targets, taking profits step by step – this is how it should be done. He just doesn’t go nuts, but basically locks in profits when they are there. In our test phase where we traded his signals, we had not stop-loss hit and locked in some nice profits. There have been also larger gains, than in this example but this is not about advertising to promise you heaven, but more to show you how responsible trading works. Yo Crypto does an excellent job with that. We have mentioned countless times how dangerous Bitmex can be – not being too greedy pays off! Be patient, follow his rules and the gains should come. And now – drumrolls check out the astonishing results, we checked them one by one, and they are real: see performance track record here (to be updated soon).
We had a FANTASTIC success rate on each kind of signal and especially the Bitmex trades made us great profits. The signals have been so spot on, we can’t believe it at first – but the market did hit his targets very often super-precise. This indicates a deep knowledge of the markets. We felt very good guided by him, as he monitors everything happening around the corn and updates accordingly if, e.g. news appear which are not in our favor. You might not like that Yo Crypto does not provide the technical analysis with his trades, but we have been super happy with the consistent profits he was able to generate us. After testing his BitMEX signals for about a month, we decided to side with his targets and trade direction, if we see conflicting signals. A very honest person, not cocky or anything with magic fingers when it comes to picking the right trades.
Channel owner Ronny is pretty responsive and knows his stuff. While the channel does not offer a chat room for his customers, he usually replies within an hour (depending on the time zones obviously). There is no particular chat room for community support or member chit chat, which many might not like.
Another point of critique is a missing chat room. Many customers take this as a sign of lacking transparency and I get that. However, I really saw many good traders go down the river due a customer chat box. Every trader – even the best in the world – get some bad mojo sometimes. This is normal, you hodl through this phase, take more caution with the trades and then you get back on your feet. A trollbox can have a destroying effect on the trader’s mind. Customers lose money and are giving bad vipes, putting up tensions and pressure and the trader might lose his flow furtherly. I don’t take it as negative point, as it preserves the quality of a channel somehow, stil I get if customers feel it differently.
Yo Crypto knows the markets in and out and his trading style might not give you 4-digit percentage wins, but it grows accounts slow and steady. His very successful trading style and his way to design the targets/stops are a good match together. I would not say this with every trader – but here it works out perfectly. Yo Crypto is a perfectionist, he loves the details and the small elements in the whole – connecting the dots. This is how his trading works and the long profitability streak (not one negative month since April ‘ 18) shows that you are in very good hands for your trading venture.
#4 BtMEX Syndicate
~BitMEX Signals | BitMEX Auto Trader | For Signal Connaisseurs only ~
BitMEX Syndicate$444 with 50% Discount
- Hands-Free Api Trading
- Great Accuracy
- Free Altcoin Signals as Addon
- 0.1 to 1 BTC Challenge
- Free E-Book Material
- Great Technical Analysis
- Lifetime Pricing
- Copied Market Analysis for their free channel in the past
- Some Trades only via API
BitMEX Syndicate has been listed in our BEST BITMEX SIGNALS post for quite some time, and we have been in close contact with their head trader Dan Brown. The
We found Dan to be a legit and a pretty serious trader. You won’t find any funny memes in his channel, as he treats trading as a real business, where a loss is a business expense and a win is a revenue. With a very in-depth technical view on the markets, he is keeping a mature view of what is happening over there. We never saw Dan rushing into a trade – like really never! He will not give a single signal, which he is not 100% comfortable with, and he will never let his customers pressure more signals out of him than the market gives to him.
We didn’t get daily signals here, but we definitely got true quality. With the BitMEX Syndicate, we did not recognize the slightest gambling attitude and is meant only for traders that mean it serious. Quality over quantity – this is the motto here and if one feels a craving for constant trades, there will be a disappointment, in the end, I’m afraid. What these people are missing out tho, is a hit rate of 93.55% (at the time of December, signals tracked which might not yet be visible in the sheet). Geezus, I almost feel like a scammer just writing about such high figures, but I verified the signals and it is insane but true. To be fair, I have to say there have been months with just three signals, but also 12 in August on the other hand – with an unbelievable hit rate of 100%). Sometimes no trade is the best trade to protect your capital, Dan knows this for sure and his unique way of market interpretation works best with traders that can sit on their hands – again, this is not for gamblers, who want a permanent flow of better guesses. If you are OK with a smaller than usual amount of signals, but therefore a crazy hit rate – BitMEX Syndicate is your way to go!
Priorly the signals have been delivered by texts/email but due to the high demand, they deliver on Telegram now. On top of that they started a journey channel “from 0.1BTC to 1BTC” – and you can follow their steps with your account! This is an amazing, fully transparent challenge, one of its kind. After each trade, he posts proof screenshots where this challenge account stands now.
A fresh and pragmatical approach, which enables you to see how traders act, how they de-risk their trading by hedging their positions, how they do their money management to grow the account slow and steady. Important: They start the account very small, this is an important detail. Great project, which is included in your membership and provided on top to the regular signals channel.
The Auto Trader
The Auto Trader is a proprietary solution for BitMEX Syndicate and you have nothing to do, but handing over the API keys and let them do their job. They will replicate their signals, as well as the 1 BTC challenge to your account.
The Signals Review
Frankly, this is professional as it can be. The free channel on Telegram proves this day by day. Here BitMEX Syndicate does not give out signals but makes the stalking process for the signals transparent. He shares his elaborate technical view on the market, which assets he is eyeing and gives clues what he might be trading. The exact entries and exits will be shared with his clients alone, which also receive all signals. BitMEX Syndicate does not offer a Premium Telegram channel for his clients, he prefers to deliver the signals by e-mail or by text to a mobile device (might change in the future). I asked for the trades, which can be found in the results sheet, as I found his accuracy scary and can’t believe it in the first place – but hell, they are true. Reviewing this service was very enjoyable, as it was very easy to follow the few signals, which gave a return where others would need multiple trades to achieve the same results. The beauty with such a high accuracy is that it dramatically reduces the risk. Every trade contains a risk for an account. Many signals = higher risk. Fewer signals + high accuracy = lowest risk, though we still stick with our money management rules, of course. Once signed up, they are issuing a nice package of material which teaches the following stuff:
- How to turn 0.1 bitcoin into 1 bitcoin with one simple formula, and we will challenge you to do this
- The seven easy steps which practically guarantee your trades are profitable and you can deploy them every week without risking your whole budget
- The six types of trade setups you absolutely must use to maximize profitability (and I’m not talking about layering your close positions here)
- How to get higher quality sniper targeted positions than regular traders… without ever having to make charts
- How to create ultra-targeted SETUPS primed and ready to profit even if you’re sleeping so you can set it and forget it
- How to trade and not be chained to your desk all day doing market research
As a free add-on they recently started to offer Altcoin signals, which are also pretty solid and successful.
And here is how the trade looks on the chart:
In one line, constant, steady and compounding growth. I mean, please take a look at the results sheet – there is not much else to say. However, it is not the fast pace from rags to riches, but since it is a flat rate price and not a subscription price, it is all good. We can just slowly build up more and more on the sidelines – soon even without lifting a finger, once the API trader is ready, they are currently working on. A true quality service, which delivers great results. In the example above I took a nice scalp which hit all targets within a few hours. Target 4 was spot on hit at top of the wick, and this is not rare with BitMEX Syndicate – they are true precision traders and you can observe this quite often.
BitMEX Syndicate provides very decent and personal support. Sometimes one has to wait a bit for a reply, but therefore they offer a detailed, passionate reply. They guide their clients to make them achieve the best possible outcome with their signals. However, we didn’t get instant replies – you need to have some patience. Your question should be answered within the same day, but mostly not on the spot. Still, the support of BitMEX Syndicate is actually the lifeblood of this group as they take it very seriously and take their time to reply to every customer to provide helpful replies. I saw private messages by clients, which I want to show you below:
BitMEX Syndicate is somehow a stubborn channel, as they love to do their own thing. Customers can’t squeeze signals out of them (which is very good) and they trade like Robots or even Robot Zombies – always moving forward, straight after their plan and their money management. How they handle the API accounts by their customers shows that they are no gamblers, but follow strict rules. The analysis and the signals they provide are quality – a quality which is hard to find. They don’t offer many extras with bells and whistles but a straight service.
We gave a bad rating on Price/Performance for one reason: There is only a lifetime plan available and we don’t fancy that, as we think one should be able to test a service. At least we can offer some of you a 50% coupon. I talked with Dan about the Pricing Model, and he sees it as a flat rate pricing for an incredible investment opportunity. You pay once, hand over your API keys and let them do their work – LONG-TERM. I understand his reasoning as with this pricing model it becomes a fixed cost factor, not a recurring one, which makes it hard to stay profitable. Furthermore, they don’t have to stress how many signals they shall bring each month and have the ease to trade only what they are really confident in. The thought behind it makes sense to me. Still, we would love to see a trial or something in this direction.
What has been really annoying, is that they inserted copied/rehashed stuff from other channels for their free channel content, instead of providing 100% of their own work. This cuts of their legitimacy and it must not be like that – the short ways are sometimes the worst. Happily, this problem seems to be solved, according to Dan, our independent reviewer, and our own analysis and conclusion. As the channel is finally clean from copied stuff, we can recommend it again.
#5 Margin Signals
~Swing Traders, Scalpers, Altcoin Buys, Forex and Auto Traders~
- Hands-free Auto Trader
- BitMEX Swing Trades & Scalps
- One Entry - One Exit Trades
- Educative and helpful Community
- Binance Altcoin Trades
- Swing method did not work in tight markets
- Drop in Accuracy for the last months
Margin Signals is very different to the average channel. Usually, you buy in steps and get out in steps. Margin signals are swing traders get in at one price get out another one – most often very wide ranges. Some might wonder about the below average accuracy rate. The Margin Signals strike rate was hovering between 60 to 70% in 2018 and for the triple-digit ROI you usually made with them, this is very well. The market dynamics have changed drastically since then. Robbo traded like Breakout – Pullback to Trendline – Enter – Stay in the Trend – Cash Out. The first quarter of ’19 didn’t behave like that at all. Instead, each pullback came with a breakdown and this has hurt his hit rate. But finally, they adapted to the situation – and boy these guys are back. Back with Jack.
Margin Signals offering is quite big, as it doesn’t stop at leveraged trade recommendations as the name suggests:
- Trading Signals für BitMEX (Auto Trader inclusive)
- Trading Signals for Altcoins (Auto Trader in Development)
- FX Signals
- Portfolio Analysis
- Personal support by the trader in a chatroom, where all the trades are accompanied by live directions.
- Accurate exit targets and an estimated risk level, depending on the trading style.
- Great Material to have all the needed knowledge to start out with Bitmex. Download their basic trade guidelines here as an example.
The Auto Trader
Margin Signals about their Auto Trader
What is Auto Trader?
Auto Trader is an API connection to your BitMEX account. From there, we have the access to trigger your account into any trades that get made by our Telegram channel.
All criteria are specific to that trade;
Amount of account balance at risk for the trade (10% max)
We can also trail the stop loss as the trade progresses
This isn’t some bot, that triggers entries based on a few indicators and scalps tiny profits or averages down your buy-in if the trade goes bad…. This is a fully customized system that will set your trade based on the individual trade set up. Fully managed end to end by our head trader.
Who does this suit…?
If you are on a different time zone, have heavy work commitments, not confident in your own trading skills or even just want an investment you can compound and come back to in a year or two. Our Auto Trader has it covered for you.
A game changer for the Trade Signal space, a first of its kind that we are aware of.
The auto trader is solid coding work and does quite well. Unlike Cornix and other bot solutions, it is a hands-free service, included fully in the membership fees. You just hand over your API details and the team handles the rest for you. Like any other auto trader, it shows some shortages in regards to slippage on illiquid trading pairs, like some altcoin futures, but the team comes up with a mathematical solution to solve the problem.
The Signals Review
Yes, the market conditions have been fierce to channel admin Robbo’s trading style – and there have been tough months behind the subscribers. Additionally, to the fact that Robbo’s Swing Style trade is picking up again, their new trader Jack is doing very, very well.
Rob, the head trader behind Margin calls, comes from the forex world and has been a full-time trader for about four years in FX and two years in crypto. He mainly trades off pullbacks and reversals off key support or resistance points, as well as breakouts of strong continuation patterns. Robbo is Swing trader – this means one entry, one exit – holding this position for quite some time to reap the benefit of a full swing of the price. Jack provides scalps for BitMEX and Altcoins to the Margin Signals team and has offered an insane success rate so far.
Furthermore, I’d like to stress that Margin Signals have been one of the most transparent groups we’ve seen so far: They trade all their signals on a reference account and post screenshots about its increase or decline in value. They never made up a single digit and just post the results as they happen.
And here is the outcome on the chart:
If you ask me for the results, I have to ask for the timeframe. Especially the auto trader accounts are meant to run for the long-term, so like with every investment there might be spikes downwards. In our test month last year we had quite a few good trades here, out of 8 trades we took, 7 succeeded and one failed hard. This is common, as a 100% rate is very hard to achieve.
January to March has been a tough phase Margin Signals had to go through. As initially stated Robbo’s trading style didn’t work out well in the tight accumulation phase the charts were showing and the Auto Trader accounts that have been build up nicely in the year before were taking a hit. Margin Signals took action: They hired a new trader which provided excellent scalps and altcoin trades. This has pushed the accuracy rate, as March became a 100% success rate month.
We liked their transparent approach and taking the time to explain why that trade failed and how they roll with it. You mostly get a video explanation for most of the taken trades. The signals always contained a clear stop/loss for your risk management and have been live supported in the chatroom. I run the Margin Signals Auto Trader on a test account and it worked perfectly so far and completely hands-free without any hassle. What we like very much with this provider, that they have a clear track record of their results and tidily keep note of all their trades. Also, the altcoin trades for Binance and Bittrex have been a real killer so far.
They are really great with support and are always there in the chat room to support their members live – no matter if it is about getting out of a trade that turned against them or if the customers need emotional/psychological support. For that they have quite a big team, so most of the team an official is around. Margin Signals is providing the needed materials and explaining basic things of BitMEX. Rob and his partner
Margin Signals provide a good signal service and the best thing is, it is progressing. In the past, you’d have look at your Margin Signals subscription as a pure, hands-free investment solution. Set & Forget. Not many calls, but good swings, that will let your account grow nicely over time. Today, you get these scalps and Binance/Bittrex altcoin trades on top – and these with a very high success rate. Margin Signals were coming from a 60 to 70% success rate in 2018, while the first three months of 2019 let them drop to the low 40s. Now, the markets have turned and might spit some of these swing trades options for us soon and until that we have Jack in the pack, who came up with a 100% success rate in March. Margin Signals are here to stay for sure.
#6 Verified Margin Traders
~ BitMEX Leverage Trading | Trading Group with excellent Trades | BitMEX Auto Trader ~
Verified Crypto GroupStarting from $999 / Year
- Popular Traders in the Team
- Scalps and Swings for Altcoins and Binance
- Listed in Binance and BitMEX Shortlist
- Semi and Full Auto Trader Available
- Platinum Service with Pro Trader Copier & extreme accuracy (Binance & BitMEX)
- Long-term Consistent Results
- Sometimes stressed out support
- BitMEX Signals & Platinum Services best played with bigger accounts
- Auto Trader had some hick ups in the beginning
Verified Crypto Traders project is a very unique approach to building a complete solution for crypto investors and traders. They offer live trading (which nobody else does), webinars, great support and especially their auto trader for Binance and BitMEX makes them stand out very much. This is so much more than buy and sell instructions!
We are following the Verified Crypto Group for a very long time. They progress, they evolve and they seem to never sleep. The registered company from the Netherlands has a set of several crypto services and are known as a
Verified Crypto Traders are providing well-thought crypto trading signals, as well as the critical news and updates. This is way more than just a simple signal group on telegram – Verified Crypto Traders is a valuable source for what’s going on in Cryptoworld, along with their bearish/bullish weather reports (example in this post) that give you an overview about what is happening and what to expect coming on this day. The accuracy of their crypto signals is astonishing.
The Dutch company (here to be verified), provides Binance and BitMEX signals and they come well explained, fundamental and technical analysis-wise. The big difference to many other channels is that Verified Crypto Traders is a real company, paying taxes in the Netherlands and they step up the legal game in this space. Every step they take is verified and legitimate, so you can be sure they are a legally liable company. The team we chatted with has been knowledgeable, open and friendly. Right now they are claiming their way to top, becoming one of the best pump-n-dump-free crypto signals channel. Over the course of the last months after their listing here, we are happy to confirm that they have had great accuracy with their cryptocurrency signals.
Furthermore, the fact that Verified Crypto Group is a registered company in the Netherlands and legally liable for their actions makes it extra secure for the customers as they are forced to act responsibly and can’t just run away without providing any service. Recently they have been featured in the Dutch TV:
- Team-picked Crypto Trading Signals.
- Highly informative coin recommendations based upon and displayed as fundamental analysis, technical analysis, and market sentiment. Plus you will receive many important market and news updates for these picks.
- Short, medium, and long-term buy signals released to you hours before it is ever announced to our free channels.
- Explanatory chart calls.
- Detailed information about exciting ICOs. Including access to private sales
- Bitmex Signals
- Hand-Picked Binance Signals
- Web portal
- Exclusive Webinars
- Transparent Results Tracking with Cointracking
- Auto Trader for Binance and Bitmex Signals that connect via API to your account and executes the trades for you
- Fully Managed (auto traded) Platinum Plans with exclusive signals for BitMEX and Binance
The Auto Trader
Verified Crypto Traders offer an auto trading service for the Altcoin as well as the BitMEX Signal services. This can be booked as an additional service and is a modified version of the Cornix Telegram bot. You can book basically in three variants, always for the Altcoin or the BitMEX signal services:
a) semi-automatically, you click one button to replicate the trade into your account
b) fully automatic, you just configure it and let it run hands-free
c) fully managed with the Platinum service. Professional traders copy their personal trades one by one into your account and run it like their own account.
Verified Crypto Traders use a modified version of Cornix which is compliant with the European GDPR laws.
The Signals Review
The Verified Crypto Group employs two popular traders for their telegram channel and those aim to provide daily signals (if the market allows): Crypto Twitter’s trading star CryptoCoffee and Tomas, who runs big crypto funds and is a well known in the blockchain scene. Cryptocoffee & Tomas now provide their excellent work to the Verified Crypto Group. Tomas started with Crypto at the beginning of 2016. Mid 2017 he signed his first contract for trading with the capital of someone else and running a managed fund, purely on his results. Right now he has a big bunch of people under contract and trades not only for himself but a series of managed investments. Before all that Tomas studied politics and economics, He also started his own company that was focusing on giving out loans with interest and managing other people’s finances. Right now Tomas has a role by starting and developing the German Bitcoin political party with a former BTC contributor and developer Jörg Molt. Tomas will add mostly BitMEX signals, and CryptoCoffee Altcoin Signals as well as leveraged Signals.
Buying and selling this virtual currency markets is risky, so you need signals with a good probability, as the market volatility can become high. As the name implies, you will also get a constant stream of cryptocurrency and Bitcoin news. Once BitMEX Signals have been only an add-on – but became the main profit gainer for the trading group when the bears have been in control of the market.
Crypto Coffee gives very elaborated technical signals. Her success rate proves her knowledge and especially in the last few months, their earning numbers grow more and more – a true dream team when it comes to BitMEX signals!
Account Management (Platinum Plan)
Platinum Accuracy BitMEX
The Platinum planned is a completely hands-free solution and likely the top of the cream when it comes to the Verified Crypto Group offering. My partner with SmartOptions (you may know him from our videos) offers this service for the Platinum BitMEX part and CryptoCoffee for the Altcoin Platinum services. Both are designed to earn without any effort. Pro Traders trade your accounts as they trade their own – a one-to-one copy service. The only difference to a fund management solution is, that they never have any access to your funds and trade your accounts per API and only one platform per service subscription. The trades are designed for asymmetrical compound growth and are very risk-averse by nature. Conservative steady account growth without risking too much. You can read more about the Platinum BitMEX Service here. I can vouch for this service, as my partner trades my account for a very long time. It is not about overnight riches, but constant growth. At first, you might think “boring” – but once you hit the edge you will know what you have been patient for. Again, in the beginning, it is all about grinding the way slowly up. But once the account size has grown that you can vary the contract size, without risking your initial deposit anymore, the big fun begins. Stay patient for this one – the success is rate is insane but true, however, it will take time to grow your account and is only for the folks with a bit bigger amounts available (starting at 1 BTC)! This is the top of the cream, but the money will come only to the patient ones. If you are in a hurry and want to see daily 10% account jumps, it might not be for you.
First of all, the Verified Crypto Traders are all about transparency – in the good times as much as in the bad times, and this is valuable in the world of crypto signals. They run a cointracking account that publically displays their own account results, where all these results are replicated.
You want to be patient here. They can have months with outstanding accuracy and gains, but once the markets change their general directions, or are in stop-hunt mode Verified Margin Traders can get caught for a short period until they settled again and bring on those juicy trades ‘n gains back on the table. Meanwhile, they recognized the issue and push scalps our way in these phases. You can see one of them in the example above.
This is not for kiddies, this is not for traders – this is for patient investors. Use it if you know about the compounding effect, use it if you can have some money sitting there for a year or more. My honest opinion: you are risking very few money and have great mathematical chances for a nice return on investment. This is actually what I would suggest to my own father if he’d ask me for a modern long-term investment for his grandchildren.
Performance Tracking Links
Register an account first, then you can see the live tracking performance.
I got a direct support person, which I was able to ask everything and got good answers. They know what they are doing. They are also always around in their VIP chat to support members. As their team is pretty big, you won’t be alone if you need help. In fact, they offer now a 24/7 support team, available on the live chat on their portal as well as in their chat room. While the support will help you to solve your issues with the bot and other trading related questions. I have to say it is not always a friendly, welcoming kind of support, as I was notified by other customers, though they will assist you until the problem is solved – you are not alone with your problem, but get help with a hands-on mentality.
Verified Crypto Group does an awesome job in bringing professionalism to Crypto Signals. The whole setup, if legal or service wise, is well-thought through and provides value to the customers. From an investors point of view the Platinum services bring up the really good stuff, however, you have to hold on for some time here.
They have those scalps with small profits but also these mega swing trades. Until today we trade almost all of their signals. In regards to the background info, you will get the following info when a signal has been issued: The fundamentals, the consideration, the call logic – these steps make you learn more and more with every call if you take the time to understand what caused the call a call. Please note that this crypto signal channel is a mixture of educational content, news content and professionally analyzed signals, explained along with the technical analysis behind. You won’t get dozens of crypto trading signals per day, but you will get a few outstanding ones, and an explanation of why they issue this signal. This is a channel for people who want to learn something and widen their horizon.
They also offer PDFs from time to time with an even more detailed explanation of why a trade has been suggested. Also worth to mention if you want to learn to trade: Verified Crypto Traders also offers online training and courses for technical analysis, besides their signals. Their webinars teach things like support and resistance/trend line, scalping, and other basic charting knowledge as well as advanced trading methods. Even in the hardest times they provided pure quality and have consistent success for months now. They know how to play their cards well – in difficult times they provide extra opportunities like very well researched ICOs, which they organize the pooling to get you some extras from the seed sale phase, which usually only the big boys get.
Their Crypto Group evolved very much within the last year. New traders have been added, and they started with Webinars, Trading Courses and a portal that grows day by day. There is also a tracker for all their signals, so you can verify the outcome live and always stay informed – very transparent. Furthermore, it includes something like a social network for Crypto Traders.
Another thing to mention is, that Verified Crypto Traders is the first channel we ever met that offers a live trading account for their customers! They put their own money where their mouth is and record trades of their own and share the videos, so you can learn to scale in and out. VCT took this step to provide greater transparency and to enable you to follow the moves. All other signal services/educators never would be able to provide as much and only do paper trades. They added live trading, so you can take a look over the real results, the company has with their own accounts, this is surely unique.
But also the Verified Margin Traders are doing a solid job. We had quite a few +250% profit signals with them some time ago – real killer signals – and these are by far not the only one of that manner. Currently, the winners play in tighter ranges, though. Especially convenient is the trading bot if we set up and configured the bot right, we just had to click the “follow” button, which you can see below each signal. Automagically, all buy orders are placed in the account. Once activated it adds the sell orders. The beauty of it is that you can configure the stop loss to your likings, like trailing stops, stop at breakeven, etc. – so you have really a good chance to make your way through all targets and gain the full growth potential without having to sit in front of the screen manually moving the stops. I run the auto trader of Verified Margin Trades on a test account and it runs very well so far. The setup and all the configuration options might be tricky for newbies, but you will get help and assistance. There have been difficulties with the Cornix setup in the past, but this seems to be tackled now.
The Platinum services – well, these are only for the guys that can let a thing just run. Set it up, and come back after a year – I am pretty sure most folks will have a big smile on the way to the bank.
All in all, Verified Crypto Group is a trustable group which one should be able to trust as per my opinion. They have the legal setup, they provide a very solid profitable service and have really great traders aboard. If you take the general Altcoin or the Margin Plan it is advisable to play all their signals with a strict Money Management and low leverage to get a good average in the outcome, the bot makes it easy to do so. However, the Platinum service is my favorite with the Verified Crypto Group.
Removed Provider History:
- Cryptonizers (inactivity)
- BitMEX Lifestyle (inactivity)
How to use BitMEX Signals
Golden Rules when trading these Signals
This is a small BiMEX Signals 101 on how to not burn your account. Follow this rules to a T and you will have your account very long and prosper. I know, many people just join signal groups and go all in, in full trust, but this is not how to do it, this is the way to burn your account. Traders are never 100% right, 60-70% is great rate and these tested providers have shown this number consistently for a longer timeframe. But there will be losers – it is normal! Here are the rules for you to print and glue them on your desk.
- Allocate no more than 10% of your total equity for each trade.
- If the entries are even numbers, modify them to odd numbers
- Spread this 10 % for each signal 4% at entry, 3% more above, another 3% even more above for short order, 4% at entry, 3% below and another 3% if the price drops even more for a buy order.
- Take profit on targets, make targets odd numbers if even.
- Take 50% out on TP1 and move the stop-loss to break even. This way you book profits and make the trade risk-free at the same time. Take 10-20% on the targets after TP1 and leave some tiny % on the trade as you never know.
- Start with low leverage. Once Target 1 has been hit and you moved your stop loss to entry, you can go even 100x – it does not matter, as long as you have a stop market order in place (don’t use stop-limit)
- There are no “safe trades”. Treat each trade like that. Safety can only come from how you handle your account by your money management.
How to use leverage on BitMEX
Day Trading cryptocurrencies
Let’s start a small tutorial that shows how you can trade on BitMEX with possible leverage.
Understanding the Difference between Margin and Leverage
When you have made up your mind to trade cryptos with leverage, then you need to be familiar with another concept also, and that is margin trading. Margin can simply be termed as a good faith deposit that is required to keep your trade open. The leverage can be termed as a by-product of margin trading, and it helps the trader to control the trade size.
When you wish to indulge in margin trading with cryptocurrencies, then you will have to borrow the money against your existing funds. This means you will trade on margin on BitMEX and you are leveraging your existing funds and increasing your buying/selling power.
With great power, comes great responsibility
Example of a leveraged long trade with BitMEX
If one buys 1 bitcoin with 0.1 BTC by buying a 10x margin position at BitMEX, it must be noted that the rate of dollars used will vary with current market value. This leverage is taken at 10x. Moreover, the price of bitcoin can also be shorted if the contract is sold by any means. Here the constant risk of losing the stake is present. This leverage was initially set at 10x. It can be raised to as high as 100x with Bitcoin, which is never advisable. Evidently, 100x leverage is a blind risk or gambling as some people may call it. But if one plays a successful gamble, it pays blind riches back – but most of the times it leaves rek’t accounts behind. The key to such a mammoth success is how effective the strategy of the businessman or investor is. As far as the jargons are concerned, when carrying out the operation, the available balance and cost are defining factors.
Note: The cost must be lower than the available balance for the uninterrupted and successful execution of the process.
At first, the position of the user is set at a certain quantity. This quantity is in dollars and is variable according to the changing asset. Moreover, the amount of money that is reserved as a risk is less than that. It is an unsaid rule for a smooth operation.
Cost: There is another term known as a cost that has slightly more than the literal meaning of the word. The value of the BTC determines the cost, and the leverage factor multiplies to that values, e., in this case, it is around 0.10 BTC (leverage is still 10x).
Order Value: Next thing we encounter is the order value. In this example, the value of the position is set to a specific value. The order value is determined by that. Here too the value is 1 BTC. Its value in dollars is calculated according to the current rate of the dollar in the international market.
Note: It should be remembered that fees are calculated on this value
Available Balance: Available balance is also an important term. It is the amount of the equity present in the current time for the trading. As mentioned before, it should be sufficient enough to start off a trade and must be quite greater than the cost as we have defined it previously.
Liquidation Price: The liquidation price is also calculated during the process. It is an approximate value that is calculated in case of insufficient time, or the business faces insufficient exposure at any time. There is a calculator on the website, you can use up front to calculate your liquidation price – and you should make use of it.
After defining all the terms, values and margins, we are ready for the execution. The details of all the inputs and corresponding output are now ready to be looked at. An interesting fact is that the profit can exceed 100% or even more but the losses are restricted to 100%, and the efforts are of course made to minimize this percentage as low as possible.
Example of a leveraged short trade with BitMEX
The procedure is the same, but the percentages of the long and short profits and losses differ a great. Like long, the profit can exceed up to 100%, but unlike long, it cannot be termed as unlimited. This is because, in short, profit is limited when the price has fallen to 100%. Now, the price would become negative as it falls any further with the current or increased rate hence limiting the value of the profit. This is one of the many specialties of the BitMEX. The trading contracts are designed in a way to optimize the benefits of the clients to broaden the outreach of this entire program and translating the business strategies into the digital world to provide an easy and timely access across the globe.
Options, Options, Options for leveraged trades on BitMEX
Most of the platforms offer two order types. One is the limit order, and the other one is a market order. This means that you will buy or sell your order at the market or the limit price. With a market order, the order gets executed directly against the order book. With a limit order, it gets triggered once a certain price is reached. You always should add stops to your orders when you go into day trading, chances are high to get your complete funds on this bet liquidated fast, especially with leverage. For this stop orders, it is the same, you can place it as limit order (not advisable, these often don’t get filled in fast moves) or as a market order. This means that your order will only be executed once the specified stop level is reached. In short, the stop level will act as a trigger for your order. If the trigger is not reached, then the order will not be executed.
BitMEX also offers advanced order types. For example, you can set hidden stop loss orders, trailing stop orders, take profit as limit or as a market order. Again, using these options makes sense with the market option, even if you pay more fees for it. Past has shown limit orders often don’t trigger with fast moves, and those happen pretty often.
The Fee Structure for Leverage Trading on BitMEX
To those who are not familiar with the maker/taker fee concept it works like the following:
Maker fees are paid when your order is executed via limit order below or above the current ticker price. Example Bitcoin is at 7,000 USD and you place a sell order at 7,250 USD. You add liquidity by doing so, this is rewarded with a small payment to your balance.
Taker fees are paid when you trade the order book with a market order. If you place a market order to buy at 7,000 USD it needs a seller that wants to sell his contracts at this price. This removes liquidity from the system as it removes other traders’ offers.
So if you buy with a market order you pay 0.075% fees. If you use the leverage of 10x, it will multiply with it and you pay 0.75% and so on. Always keep the fees in mind!
Free BitMEX Signals on Twitter and Telegram
Furtherly we found a few Twitter accounts that provide also great trading signals for Bitcoin on Twitter. The signals are just a few here and there and you have to follow the Twitter account closely, but it is worth it. On top of that we provide one telegram channel that gives great BitMEX signals for free, though it is just a matter of time, it will cost something.
We hope you enjoyed this overview of BitMEX signal providers and wish you much luck and good results in trading. Please be sure to use a low leverage like 3x max to put an extra layer of safety to your trades. Trading is no fast money-making, it is about a slow and steady increase in your equity. Buying and selling with leverage in the markets can raise your funds – and yes, you can use them than to purchase more altcoins at the current discount prices, but the risks are significantly higher. Always keep that in mind. Stay & trade safely!
The Best BitMEX Signals on Telegram
Legit BitMEX Signals are hard to find. Like very hard. This review gives you an edge as we tested them all and found this set of signal providers to be the best on the market.