How to play contract currency on Eureka Exchange

Contract currency is a derivative launched by Oyi, which is linked to the price of the underlying digital asset, allowing users to trade with leverage to amplify returns and risks. Specific steps include: 1. Understand the types of contract currency transactions, which are divided into perpetual and delivery contracts; 2. Activate contract currency permissions; 3. Select the underlying digital asset; 4. Set the leverage multiple; 5. Open a position; 6. Stop profit. Loss; 7. Close the position. However, contract currency trading risks are high and may result in a total loss of funds. Risks must be managed carefully.

Guide to playing contract currency on Eureka Exchange

What is contract currency?

Contract currency is an innovative product launched by Eureka Exchange. It is a derivative linked to the price of the underlying digital asset. Unlike spot trading, contract currency trading allows users to trade with leverage, amplifying returns and risks.

How to play Eureka Contract Token?

The following steps are required to play Eureka Exchange contract currency:

1. Understand the types of contract currency transactions

Contract currency transactions are divided into two categories:

• Perpetual Contract: There is no expiration date, you can Held indefinitely.
• Delivery contract: has a clear expiration date, and the underlying digital assets need to be delivered after expiration.

2. Activate contract currency permissions

Log in to Oyi Exchange, click "Contract", and then follow the prompts to activate contract currency permissions.

3. Select the underlying digital assets

European Exchange provides a variety of underlying digital assets, such as BTC, ETH, DOGE, etc. Select the underlying asset you are interested in.

4. Set the leverage multiplier

The leverage multiplier determines the magnification factor of your trading position. The higher the leverage, the greater the returns and risks. Set the leverage multiple based on your risk tolerance.

5. Open a position

Determine the direction of opening a position (long or short), enter the transaction amount, and click the "Buy" or "Sell" button to open a position.

6. Take Profit and Stop Loss

Set take profit and stop loss levels for your trades to limit potential losses or lock in profits.

7. Closing a position

When you want to cash out your profits or avoid risks, you can close your position through reverse operations. For example, if your position is long, you will need to close it by going short.

Risk Reminder

Contract currency trading involves high risks and may result in a total loss of funds. Be sure to fully understand the contract currency trading mechanism before starting trading and manage risks carefully.

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