Hi Banter Fam!
We all know that Bybit is a Crypto Banter show sponsor. Also you need to open a Bybit account via the Banter referral link if you want to participate in the "TRADING COMPETITION".
I opened a Bybit account but never really worked with it since I already had two other crypto exchanges.
In order to get the basics around Bybit, I watched this video, made by Sheldon The Sniper some weeks ago:
I finally took the time (1 full hour) to watch it this weekend and I really liked it.
Of course in the beginning it's the very basics he explains which you already know if you have any other exchange you are active on. But further on in the video he also gives some more practical tips and tricks etc, that was the part I liked.
In the end of the video, Sheldon touches upon leverage trading as well (with some basics) but promised he would make another extensive video just on how to leverage trade in Bybit. So I am really looking forward to that one as well.
The things I learned from this video which I didn't know before:
- How to switch your leverage short or long trade to the opposite trade direction in one click.
- I finally understood the "trailing stoploss" completely now. Don't know if I want to use it, but at least I have understood it now...
If you wonder about some functions in Bybit, maybe you find the answer in this video? Have a look and find out yourself.
Anyone else watched this video? Any opinion? Was it too basic for you or just right?
K_Bloemen 🌸