Is it true that many people get rich by playing currency contracts? How to play?

Traditional currency-to-crypto trading can no longer meet the needs of most investors. In order to increase profits, many investors will choose contract trading. In the currency circle, contracts usually refer to derivatives trading contracts, which allow investors to buy or sell a certain amount of digital currency at a specific price at a certain point in the future. Leverage is usually involved, so the return rate is higher. Revenge is more likely. Many newbies will come here because of this, but is it true that there are many people who get rich by playing currency contracts? There are doubts. As of now, there are indeed people who get rich by playing contracts, but there are also people who lose money because of it. The editor below will tell you in detail.

Is it true that many people get rich by playing currency contracts?

There are indeed people who get rich by playing currency contracts, but there are also people who lose money, so the ratio of many to losses is 50-50. In the currency circle, especially in contract trading, some people can indeed make huge profits through speculation, and are even called sudden wealth. This situation does exist, but contract trading is usually a high-risk, high-reward form of investment. Some people, through precise market analysis, technical analysis or luck, can seize opportunities in market fluctuations and achieve significant profits.

Successful contract traders usually have in-depth market understanding and technical analysis capabilities. They can quickly respond to market changes and make timely trading decisions. The currency market is highly volatile, and sometimes certain contract traders may obtain significant returns in the short term. The success of some personnel is related to the market environment and luck.

It should be pointed out that contract trading also involves huge risks. The cryptocurrency market is highly volatile, and prices may fluctuate significantly in a short period of time, and investors may suffer huge losses as a result. Many contract transactions use leverage, which can magnify gains but may also increase the risk of losses. Market uncertainty is high, and technical analysis and market forecasts may sometimes lead to misjudgments, leading to losses.

How to play the currency circle contract?

Cryptocurrency contracts are a high-risk, high-return digital currency derivatives trading method that involves leverage trading and a margin system. Players can earn spread profits through contract trading, but they also need to bear the risks caused by price fluctuations. The following is a specific tutorial for playing the currency circle contract:

1. Open the official website of OKX Exchange (click here to register), enter your email address on the homepage, click "Register", slide the slider to the right, complete the puzzle for verification, and then enter The verification code received by email is valid for 10 minutes

2. Then enter the mobile phone number, click "Verify Now" and enter the six-digit verification code received by the mobile phone. The verification code is also valid for 10 minutes

3. Select your country/region of residence, check the Terms of Service, "Risk and Compliance Disclosure" and Privacy Policy and Statement

4. Create a password that must be 8-32 characters in length, 1 Lowercase letters, 1 uppercase letter, 1 number, 1 symbol, such as: !@ # $ % and other conditions

5. After logging in to the account, find the "User Center" icon on the homepage and enter the identity authentication page

6. Different levels of authentication can be carried out according to different needs (note: video authentication needs to be operated on the APP)

7. After completing the identity authentication, you can conduct transactions and find "Buy Coins" on the homepage - — "C2C currency purchase"

8. Select the "Purchase" option, pay attention to select the purchase currency, and click "All payment methods" to filter the payment method

9. After selecting the merchant, operate according to the merchant's message, then enter the purchase amount, click "Buy USDT" to pay and wait for the merchant to release the currency (if you do not receive the currency after payment, you can click on the page after negotiating with the merchant to no avail) Need help>Others>Get help>Initiate an appeal)

10. If you want to conduct contract transactions, you need to open the account mode and set it to single-currency margin mode or cross-currency margin mode.

11. You can continue to set up the contract, personalize the trading unit and order mode.

12. You can customize the trading mode and Kanban mode. Choose a professional layout here.

13. The delivery contract is divided into USDT margin delivery contract and currency-margin delivery contract. Here we take the coin-margin weekly delivery contract as an example. First, transfer our digital assets from the capital account to the trading account. If it has been completed, no additional transfer operations are required.

14. Click the drop-down button on the right side of the currency pair on the trading page, enter the currency in the search box, select delivery in the margin trading area, and select the currency with the contract period of the current week, next week, current quarter, or sub-quarter. Standard/U-based contracts. Here we take the current quarter currency-based contract as an example

15. Select the account mode and order type, enter the price and quantity, and click Buy to open long (bullish) or Sell to open short (short). For unfilled pending orders, you can click Cancel to cancel the order. Here we take opening a long position as an example.

16. After the pending order is completed, you can view the relevant data of the order in the position interface, such as margin, income, rate of return, estimated liquidation price, etc.

17. You can set stop-profit and stop-loss on the position interface. You can also choose to close the position, enter the closing price and quantity to confirm the closing, or select full market price to complete the closing operation.

18. Perpetual contracts are divided into USDT margin perpetual contracts and currency-margined perpetual contracts. Here we take the USDT margin perpetual contract as an example. Similarly, transfer our digital assets from the capital account to the trading account. If it has been completed, no additional transfer operations are required.

19. On the trading page, click the drop-down button on the right side of the currency pair, enter the currency in the search box, select Perpetual in the margin trading area, and select the currency-based/U-based contract corresponding to the currency. Here we take the U-based contract as an example

20. Select the account mode and order type, enter the price and quantity, and click Buy to open long (bullish) or Sell to open short (short). For unfilled pending orders, you can click Cancel to cancel the order. Here we take opening a short position as an example.

21. 未決注文が完了すると、証拠金、収益、収益率、推定清算価格などの注文の関連データをポジションインターフェイスで表示できます。

22. ポジションインターフェイスでストッププロフィットとストップロスを設定するか、終値と数量を入力して終値を確認するか、完全な市場価格を選択するかを選択することもできます。閉鎖操作。

The above is the detailed content of Is it true that many people get rich by playing currency contracts? How to play?. For more information, please follow other related articles on the PHP Chinese website!