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Is there an existing thread for Bitcoin day trading. Any interest?
BITMEX looks VERY interesting. It has several types of Futures Contracts for the leading crypto currencies. Liquidity and volume appear to be growing fast, as well as, it appears, institutional traders are just starting to pay attention (my observation).
https://www.bitmex.com/ for live trading
testnet.bitmex.com for simulated trading (reduced feed)
The Bitmex web trading interface is not good for day trading, BUT Sierra Charts does have a BITMEX interface, and from first testing it looks solid.
I sure wish NinjaTrader had an interface because that is where all my indicators and autotrading are, and I for sure don't want to port the huge amount of code to a new platform.
Well, if enough of us are interested, perhaps Ninja will set up an interface.
If anyone has experience with Bitmex live trading, perhaps you can share your experience on fills, slippage, ease of fund transfers, stability of the back end, et cetera.
Also, I understand that CME is in the process of setting up Bitcoin Futures, and if so, the feed may be available through the normal Futures brokers. But, no time date yet.
Meanwhile Bitmex is now, and live, and appears to be run by professionals.
Comments?
Can you help answer these questions from other members on NexusFi?
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
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There's actually a bitcoin forum here, you may have more success posting there.
With regards to BitMEX I'm personally scared of a Republic of Seychelles incorporated entity. The funding on the swap contract is interesting. 0.375% every 8 hours to be long is kind of interesting!