Digital currency contract operation process

Digital currency contract operation process: Open an account and make a deposit, select the contract type (perpetual or delivery contract), select the trading direction (long or short), set the order (price, quantity and type), submit the order (open a position after the transaction is completed) manage risks (use stop loss) and other tools) to close a position (establish a reverse position) Note: Contract trading uses leverage, which amplifies the risk of gains and losses.

Digital currency contract operation process

1. Open an account:

Open a digital currency contract exchange or brokerage account.

2. Deposit:

Deposit funds and pay the trading margin.

3. Select a contract:

Select a trading contract, such as a perpetual contract or a delivery contract.

4. Choose a direction:

Bet on the rise (long) or fall (short) of digital currency prices.

5. Set up an order:

Enter the trade quantity, price and order type.

6. Submit an order:

Confirm and submit the order, and the transaction will be completed when there is a matching opponent's order in the market.

7. Manage risk:

Use stop loss orders to control potential losses.

8. Close a position:

Establish a reverse position to close a position, that is, buy a short contract or sell a long contract.

Note:

• Contract trading uses leverage, which amplifies gains and losses.
• The procedures of different exchanges are slightly different.
• There are risks in contract trading, so formulate appropriate strategies.

The above is the detailed content of Digital currency contract operation process. For more information, please follow other related articles on the PHP Chinese website!