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Homeweb3.0Digital currency contract operation process

Digital currency contract operation process: Open an account and make a deposit, select the contract type (perpetual or delivery contract), select the trading direction (long or short), set the order (price, quantity and type), submit the order (open a position after the transaction is completed) manage risks (use stop loss) and other tools) to close a position (establish a reverse position) Note: Contract trading uses leverage, which amplifies the risk of gains and losses.

Digital currency contract operation process

Digital currency contract operation process

  1. Open an account:

Open a digital currency contract exchange or brokerage account.

  1. Deposit:

Deposit funds and pay the trading margin.

  1. Select a contract:

Select a trading contract, such as a perpetual contract or a delivery contract.

  1. Choose a direction:

Bet on the rise (long) or fall (short) of digital currency prices.

  1. Set up an order:

Enter the trade quantity, price and order type.

  1. Submit an order:

Confirm and submit the order, and the transaction will be completed when there is a matching opponent's order in the market.

  1. Manage risk:

Use stop loss orders to control potential losses.

  1. Close a position:

Establish a reverse position to close a position, that is, buy a short contract or sell a long contract.

Note:

  • Contract trading uses leverage, which amplifies gains and losses.
  • The procedures of different exchanges are slightly different.
  • There are risks in contract trading, so formulate appropriate strategies.

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