How to do contract trading on okex

Contract trading consists of five steps: opening an account, selecting a contract type, making a deposit, trading contracts, and monitoring positions. To ensure safety, please understand the risks of contract trading, use stop-profit and stop-loss orders to manage risks, and trade with caution.

Trading Contracts on OKEx

Step 1: Open an Account

• Register an account on the OKEx website or mobile app.
• Verify identity and provide required information.

Step 2: Select contract type

• Select perpetual contract (no expiry date) or delivery contract (with expiration date).
• Select the contract type according to your trading strategy.

Step 3: Deposit

• Fund your account using wire transfer, credit card or cryptocurrency.

Step 4: Trading Contracts

• Enter the "Contracts" page and select the contract.
• Specify trade size, take profit and stop loss levels.

Long order: Expect the price to rise, buy the contract.
Short order: Expect the price to fall and sell the contract.

Step 5: Monitor Positions

• Monitor open positions on the "Positions" page.
• View profit and loss information and charts.

Tips:

• Understand the risks of contract trading, there is a risk of loss.
• Manage risk with take profit and stop loss orders.
• Research contract types and trading strategies.
• Trade cautiously and within your affordability.
• Leverage tools like OKEx’s chart analysis and market data.

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