How to make okex contract

OKEx contract trading is a type of derivatives trading that allows traders to use leverage for speculation or hedging. The steps to start contract trading include: opening an OKEx account, recharging funds, selecting contracts, selecting leverage, and placing orders. Contract types include perpetual contracts and delivery contracts. Contract trading involves leverage, liquidation, and risks of fluctuations in the price of the underlying asset. Common strategies include trend trading, arbitrage trading, and hedging trading. Tips include: fully understand leverage risks, set stop loss orders, manage risks, study and research, and trade with caution.

OKEx Contract Trading Guide

1. Introduction to Contract Trading

OKEx Contract trading is a derivatives transaction that allows traders to use leverage to speculate or hedge against the price changes of the underlying asset.

2. Contract transaction process

1. Open an OKEx account: Register an account on the OKEx official website.
2. Fund Recharge: Recharge funds to your account.
3. Select Contract: Select the contract you want to trade, such as BTC/USD Perpetual Contract.
4. Leverage selection: Leverage determines the transaction size. The higher the leverage, the larger the transaction size and the greater the risk.
5. Place an order: Determine the trading direction (long/short), size, stop loss/take profit level.

3. Contract trading types

OKEx provides two main contract types:

• Perpetual contract: No expiration date, allowing unlimited positions.
• Delivery contract: There is an expiration date, and the position must be closed or the underlying asset must be delivered before expiration.

4. Contract trading risks

Contract trading faces the following risks:

• Leverage risk: Leverage magnifies profits and losses, which may lead to huge losses.
• Liquidation risk: Market fluctuations lead to forced liquidation, which may cause heavy losses.
• Underlying asset price fluctuation risk: Underlying asset price changes affect the value of the contract position.

5. Contract trading strategies

Common contract trading strategies include:

• Trend trading: Identify price trends and trade.
• Arbitrage Trading: Use the price difference between different contracts to make profits.
• Hedging transactions: Use contracts to hedge spot positions or reduce risks.

6. Contract trading tips

• Use leverage with caution: Only use leverage that can withstand losses.
• Set Stop Loss: Protect funds from large losses.
• Manage risk: Avoid over-trading or chasing prices.
• Continuous learning: Improve trading skills and understand contract trading knowledge and strategies.
• Trade with caution: Contract trading is high risk, do not invest unbearable funds.

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