Futures Bootcamp: Master Futures Trading, Share $10,000 Futures Aid Fund
Futures Bootcamp: Master Futures Trading, Share $10,000 Futures Aid Fund
📈 Why Choose Futures Trading?
Futures trading allows you to profit by predicting cryptocurrency price movements without holding the underlying assets. As long as you make the right bet, you can earn profits.
Plus, you can trade with leverage to gain exposure to larger positions with less capital, which can amplify your potential gains, but it also increases your risk.
Trade Futures in 5 Steps
1️⃣Prepare for Trading
- Transfer Funds: Go to "Asset Overview" and transfer assets (e.g., USDT) from Spot Account to Futures Account.
- Visit Futures Trading page: Select your target market and get ready for trading.
2️⃣Choose Direction
- Buy/Long: If you anticipate that the price will increase, you can "go long." This means you buy the futures contract at the current price and sell it when the price rises, profiting from the difference.
- Sell/Short: If you expect the price to drop, you can "go short." This involves selling the futures contract at the current price and buying it back when the price falls, again profiting from the difference.
3️⃣Set Margin Mode and Leverage Ratio
Margin Mode: Margin is the capital you use to secure your position. Before opening a position, you can choose one of the following modes for margin allocation:
- Cross Margin: All available balance in your Futures Account is used as margin. If your losses reach a certain level, the system will automatically add margin to prevent forced liquidation.
- Isolated Margin: Margin is only allocated for the current position. The system won’t automatically add margin during losses; you’ll need to do it manually.
Leverage Ratio: Leverage allows you to control larger trades with less capital, magnifying both potential gains and risks.
🔑 Tip: Beginners should consider using a lower leverage (3-5x) to better manage risk.
4️⃣Choose Order Type and Quantity
Order Types: CoinEx supports four types of orders to enhance your trading efficiency:
- Limit Order: Set at a specific price, ideal for entering during market fluctuations.
- Market Order: Executes immediately at the market price, perfect for quick trades during breakouts.
- Stop Order (including Stop-Limit and Stop-Market Orders): Automates your trading, submitting orders only when a set trigger price is hit.
Order Quantity: You can directly enter the amount of cryptocurrency to buy or sell, or use a slider to adjust position size based on your need.
5️⃣Set Take-Profit and Stop-Loss
To effectively manage your risk, it’s wise to set stop-loss and take-profit orders when opening a position. The system will automatically close your position, helping you avoid emotional decisions.
- Take-Profit: Closes your position automatically when your profits hit a predefined target, preventing you from the loss of earnings.
- Stop-Loss: Closes your position automatically when your losses reach a specified amount, helping to minimize further losses.
🔑 Tip: You can set take-profit and stop-loss orders before and after opening a position.
Once you've completed these steps, you can place your order—congratulations! You've successfully made a futures contract trade! 🎉
🎯Turn Knowledge into Action
With the insights you've gained, it's time to put them into practice! Sign up for the futures trading competition and challenge yourself for a chance to share a 100,000 CET prize pool!
👉 Register for Futures Tradeboard
📚 Learn More About Futures Trading
Visit CoinEx Help Center for more knowledge and tips on futures trading.
We are actively searching for talents with unique perspectives and innovative minds in the crypto field. If you possess these qualities, we welcome you to apply.