You mean bybit.com?
I asked this before and someone answered it but I am still not sure how this works.
Let's say you create a 25x long trade with 1 ETH starting at $4,000 and selling at $4,200 and it goes to that price. What happens? What do you get?
And what if the price goes to $3,800? Is there a time period on the trades? Or you can let them ride as long as you want? You can also close them prematurely correct?
I meant thats how bitboy trades
You have to pay a trading fee every 8 hrs. The fee ranges but is only like. 001% pr so usually. You can create a stop loss anytime and move it where you please during your trade.
Before your order gets executed a pop up window will give you all the details regarding your liquidation price, etc...
Its no different tha spot trading but your profits increase by x amount or drop ny x amount depending on how much your leveraged.
Also say you purchase 5,000 USD worth of BTC on the BTC/USD order book using an extension of margin.
With 5x leverage, only one-fifth of the position size, or 1,000 USD worth, will be withheld from your collateral balance upon purchase of the BTC.
With 2x leverage, half of the position size, or 2,500 USD worth, will be withheld from your collateral balance upon purchase of the BTC.
Without any leverage, you would need a 5,000 USD balance to make this purchase, and this balance would be exchanged directly for the equivalent amount purchased in BTC.
