okex perpetual contract tutorial

Perpetual contracts are a type of financial derivative that allow traders to bet on the future price of an underlying asset without delivering the actual asset. Its advantages include: 1. High leverage trading, amplifying potential profits; 2. Two-way trading, allowing you to bet on the rise and fall; 3. 24/7 trading, providing flexible trading opportunities; 4. Low transaction fees.

, OKEx Perpetual Contract Tutorial

, What is a Perpetual Contract?

Perpetual contracts are a type of financial derivative that allow traders to bet on the future price of an underlying asset (such as a cryptocurrency) without taking delivery of the actual asset. They are basically futures contracts that never fulfill.

, What are the advantages of OKEx perpetual contract?

• Leveraged Trading: Traders can use leverage up to 100x, thus magnifying potential profits and losses.
• Two-way trading: Traders can bet that the price of an asset will rise (long) or fall (short).
• 24/7 Trading: Perpetual contracts are traded around the clock, providing flexible trading opportunities.
• Lower Fees: Perpetual contracts generally have lower trading fees compared to traditional futures contracts.

, How to trade OKEx Perpetual Contract?

1. Open an account: Create an account at OKEx and complete KYC verification.
2. Select a contract: Select a contract to trade from the various perpetual contracts provided by OKEx.
3. Determine position type: Choose a long or short position, depending on your prediction of the price of the underlying asset.
4. Set Leverage: Select the level of leverage you wish to use.
5. Enter your order: Enter your order price, quantity, and order type (e.g., limit or market order).
6. Manage Positions: Once your order is executed, you need to monitor your position and make adjustments based on market conditions.

, Risk Warning

Perpetual contract trading involves significant risks, including:

• Margin Liquidation: If the value of your position is lower than the liquidation price, your position will be liquidated and you may lose your money of security deposit.
• Volatility: The perpetual contract market is highly volatile and prices may fluctuate significantly in a short period of time.
• Leverage Risk: Using leverage can magnify your profits, but it can also magnify your losses.

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