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How to open a contract cooling-off period on okex

2024-07-02 13:14:38364browse

OKEx contract cooling-off period is a cooling function that requires you to wait for a specific period of time before conducting contract transactions, aiming to avoid impulsive trading. The specific opening steps are as follows: Log in to your OKEx account, enter the contract page, select the contract type, select the cooling-off period (10 seconds to 3600 seconds) in the "Settings" panel, and click "Confirm"

How to open a contract cooling-off period on okex

OKEx Contract Cooling-off Period Opening Guide

What is Contract cooling off period?

The contract cooling-off period refers to the function that traders need to wait for a certain period of time before placing an order before conducting contract transactions. This feature is designed to provide sufficient time to consider trading strategies and avoid impulsive trading.

How to start the contract cooling-off period?

The steps to open the contract cooling-off period on OKEx are as follows:

  1. Log in to your OKEx account.
  2. Go to the "Contract" page.
  3. Select the contract type (perpetual contract/delivery contract).
  4. Find the "Settings" panel on the left.
  5. In the Cooling Down settings, select the cool down time (10 seconds to 3600 seconds).
  6. Click "Confirm" to save changes.

After the setup is completed, traders must wait for the specified cooling time before conducting contract transactions.

For example, when the cooling time is 30 seconds, the system will execute the order after 30 seconds. This is a time to re-evaluate your trading strategy and make more informed decisions.

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