okex perpetual contract gameplay

OKEx Perpetual Contract is a contract that allows leveraged trading of cryptocurrencies. Its features include: no expiration date and can be held indefinitely. Leverage up to 125x can be used to magnify returns and risks. Adopt a margin system to ensure the safety of positions. A funding fee mechanism that provides traders with additional income or expenses. During the transaction process, traders need to select the underlying asset, leverage multiple, and choose to go long or short. At the same time, you need to pay attention to risks such as liquidation risks and market fluctuations, and formulate reasonable trading strategies.

OKEx perpetual contract gameplay

Trading process:

1. Select the underlying asset: Select the cryptocurrency for trading (such as BTC, ETH).
2. Select Leverage: Select the leverage multiple (10x to 125x).
3. Place an order: Go long (buy) or short (sell) a contract.
4. Position: The contract continues to be held until the position is closed or liquidated.
5. Closing: Close the position when reaching the target or exiting, lock in profit or stop loss.

Important features:

• No expiration date: the contract is held indefinitely.
• Leverage: magnify returns and risks.
• Margin trading: Margin is required to maintain a position.
• Mark Price: Determine profit, loss and liquidation price.
• Funding fee: Interest settlement between long and short contracts.

Advantages:

• Leveraged trading increases profit potential.
• No expiration date, flexible position holding.
• You can go long and short at the same time to grasp the two-way market.
• Funding fees can bring in extra income.

Risk:

• Leveraged trading amplifies losses.
• Liquidation risk: Insufficient margin leads to forced liquidation.
• Funding fees may have a negative impact.
• Market volatility can lead to rapid losses.

Before participating in perpetual contract trading, it is important to understand the mechanism and risks. Develop a trading strategy, manage risk, and only trade money you can afford to lose.

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