How to Make a Trade Using Bybit Step By Step

In this article, you’ll learn the step-by-step process of making trades on Bybit.

If you’re new to trading or just looking to sharpen your skills, this guide will cover everything from signing up and setting up your account to executing your first trades and using advanced trading strategies, including opening long and short positions.

Along the way, I’ll also share how to take advantage of free crypto signals to boost your trading success.

Step 1: Sign Up and Fund Your Bybit Account

Before you can start trading, you need a funded Bybit account. Here’s how to get started:

1. Sign Up for Bybit: Visit our website to sign up for Bybit and claim your sign-up bonus. By joining through our link, you’ll also gain free access to our Crypto Signals VIP Telegram Channel (saving $49.99/month).
2. Fund Your Account: Deposit between $50 and $250 to test out our signals and start trading. This range is ideal for beginners who want to see if the signals deliver results without committing too much capital upfront.
3. Claim Your Sign-Up Bonus: Make sure to take advantage of Bybit’s promotional bonuses for extra funds to trade with.

Step 2: Navigating the Bybit Interface

Bybit’s interface is straightforward once you understand its components. Here’s a breakdown:

• Charting Tools: Use the chart for technical analysis with indicators to help predict price movements.
• Order Book: Shows all current buy (bids) and sell (asks) orders.
• Leverage Settings: Bybit allows you to adjust leverage for both long and short positions. This setting is found near the order form.

To gain the most benefit from trading, it’s important to get comfortable with these features and understand their functions.

Step 3: Opening a Long (Buy) or Short (Sell) Position

Trading involves buying (long) or selling (short) assets. Here’s how to open these positions:

Example: Opening a Long Position (Buy)

1. Select WIF/USDT Trading Pair: Suppose you choose WIF/USDT. Ensure that this is selected on the Bybit trading interface.
2. Set the Order Type to Market: Market orders are executed immediately at the current market price.
3. Specify the Amount: Decide how much WIF you want to buy.
4. Choose Leverage: Bybit allows up to 100x leverage on certain trading pairs. For beginners, start with lower leverage (3x-5x) to manage risk.
5. Place the Order: Click “Buy/Long” to execute the trade.

Example: Opening a Short Position (Sell)

1. Select the Trading Pair: Again, WIF/USDT will be used in this example.
2. Set the Order Type to Limit (Optional): This lets you sell at a specific price.
3. Adjust the Leverage: Short trades can also use leverage, but ensure to keep it reasonable.
4. Place the Order: Click “Sell/Short” to initiate the trade.

Recommendations for Beginners

• Use low leverage: High leverage can magnify losses, so it’s safer to use a conservative level when starting out.
• Practice risk management: Always set stop-loss and take-profit levels to minimize risk.
  
  You can choose the Leverage below the WIF/USDT text in the screenshot above.

Step 4: Setting Stop-Loss and Take-Profit Levels

Managing risk is crucial when trading. Let’s cover how to set stop-loss and take-profit orders:

1. Stop-Loss: Set a level at which the trade will automatically close if the price moves against you. This minimizes potential losses.
2. Take-Profit: Determine a target price where you’ll exit the trade with a profit.
3. How to Set: Click below on SL/TP in the circle of image to set a stop loss and take profit.

When using our crypto signals, make sure to follow the recommended stop-loss and take-profit levels provided.

Step 5: Try Out Free Crypto Signals

If you’re new to trading or simply want some extra guidance, our Telegram Channel offers up to three free signals weekly. Here’s how to apply a signal to your trade:

1. Receive the Signal: Once you get a trading signal (e.g., “Buy WIF/USDT at $0.75, TP1 at $0.80, SL at $0.70”), set up your trade on Bybit.
   
2. Input the Signal Details:
   • Set the entry price (0.75 in this example).
   • Define the stop-loss (SL) level (0.70) to protect your capital.
   • Establish the take-profit (TP1) level (0.80) for potential gains.
     
3. Adjust the Leverage: You can change leverage before executing the trade, but ensure it aligns with your risk tolerance.

Why Use Free Signals?

Using free signals allows you to test our trading strategies without committing to a paid subscription. If you see positive results, consider joining our Crypto Signals VIP Membership for daily premium signals.

Step 6: Closing a Trade

Once your trade has reached your take-profit level or you decide to close it manually, follow these steps:

• Manual Close: Go to the “Positions” tab and click “Close” on your trade.
• Automatic Close: If a stop-loss or take-profit level was set, the trade will close automatically when reached.

By actively monitoring your trades and setting appropriate levels, you can maximize your potential earnings and minimize losses.

Advanced Tips for Better Trading Results

If you want to improve your trading skills and increase your winning rate, here are some recommendations:

1. Use Crypto Signals from Expert Traders: Following professional trading signals can give you a 90% win rate if executed correctly. Our VIP Crypto Signals Membership provides up to 3-5 signals daily from expert traders.
2. Backtest Trading Strategies: Practice your trading strategies in a simulated environment before risking real capital.
3. Manage Your Emotions: Avoid impulsive decisions and follow a well-thought-out trading plan.

Why Trade with Bybit and Use Our Signals?

Combining Bybit’s platform features with expert signals can significantly enhance your trading experience:

• Low Trading Fees: Bybit offers competitive fees, making it an attractive choice for frequent trading.
• Free Access to VIP Signals: By signing up for Bybit through our link, you’ll get free VIP signal access, saving $49.99/month.
• Educational Resources: We provide step-by-step guidance on trading, which is especially helpful for beginners.

Join our community today and start trading smarter with Crypto Signals Membership.

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