Beginners Guide on How to Margin Trade BTC & Altcoins Derivatives & Futures Contracts, Full BitMEX Tutorial
Tags: Kti, Bitmex, Margin Trading, Training, Bitcoin

Straightforward. Buys/sells at the nearest available price.

After clicking Buy or Sell, there will be a confirmation page, where you can adjust your desired leverage for the trade.

2. Limit Order

Next most commonly used order would be the Limit Order, which basically allows you to place a buy/sell at your desired price.

Similarly, there is a confirmation page where you adjust your desired leverage for the trade.

B) Stop Orders

Stop orders, unlike market or limit orders, do not appear on the order book immediately upon opening. These orders are associated with a trigger price, or “Stop Price” in the case of BitMEX, whereby your order is only entered into the order book after the stop price is hit. Stop orders are usually used as “Stop Losses” to get out of a bad trade, but are also extremely effective in buying into breakouts.

3. Stop Market Order

A Stop Market Order is a market order that is triggered (opens) when your stop price is hit.

For example, if today’s BTC price is $7000, and you place a stop market buy order at $7500, your position will not trigger if price trades anywhere below $7499. Once a trade occurs on the market at $7500, your stop market buy order will trigger and a market buy is made.

4. Stop Limit Order

In the same way that a market order differs from a limit order, a Stop Limit Order works in the same way as a Stop Market Order, except with an additional “Limit Price” parameter that is triggered only when your stop price is hit.

Further to the example above, if you enter $7000 as the stop price, and $6500 as the limit price, and when a trade occurs on the market at $7000, a limit order at $6500 will be placed.

Alternatively, if you enter $7000 as the stop price, and $7050 as the limit price, this will act almost like a market buy when your trade is triggered (unless there are not enough sells for your purchase quantity up to the limit price — in which case you need to increase the limit price or simply use a stop market order).

5. Trailing Stop Order

Instead of setting a stop price, a Trailing Stop Order makes use of a “Trail Value” parameter to determine when a market order gets triggered. This “Trail Value” is calculated against the market’s price at which you entered the position.

For example, if BTC price is $7050 and we have an active buy position, and we open a Trailing Stop Order by entering a “Trail Value” of $5, our active buy position will close when price goes to $7000. Whereas if BTC price is $7000, opening the same trailing stop order will close ouractive buy position when price goes to $6995.

C) Take Profit Orders

Take Profit Orders, as the name suggests, enables you to set a target price on an existing open position to close it and “take profit”. This can be done in the form of a market order or limit order.

It simply works in the same way as placing a limit order in the opposite direction of your active position (i.e. placing a limit sell order if you have an active buy position).

See below for a closer look at the Take Profit Market Order and Take Profit Limit Orde

6. Take Profit Market Order

7. Take Profit Limit Order

BitMEX Trading Dashboard — Manage Orders & Positions

Upon placing your order or if you have any open positions, you can view and manage them in the middle bottom section of the trading dashboard. You can also view your order history, fills, and closed positions in this section.