How to buy perpetual contract on Ouyiokex

OKEx Perpetual Contract Trading Guide: By creating an account, selecting contracts, setting orders and managing positions, traders can trade perpetual contracts on OKEx and use leverage to gain greater gains or losses, 24/7 Transactions, without delivery, and can be used as a hedging tool. But high risk, high leverage, margin requirements and market volatility require caution.

OKEx Perpetual Contract Trading Guide

OKEx Perpetual Contract is a leveraged trading tool that allows traders to predict and trade the price trend of digital assets without being restricted by the delivery date.

How to buy OKEx perpetual contract?

1. Create an account and deposit: Register on OKEx and deposit into the perpetual contract account.
2. Select Contract and Leverage: Select the contract you want to trade (such as BTCUSD) and the leverage (up to 125x).
3. Set an order: Select the buy or sell direction and enter the order price and quantity.
4. Submit order: Confirm the order information and submit.
5. Manage positions: After the order is executed, traders can manage their positions, including adding, reducing or closing positions.

Advantages of Perpetual Contract Trading:

• Leveraged Trading: Leverage allows traders to magnify their funds, resulting in greater potential gains or losses.
• 24/7 Trading: Perpetual contracts can be traded around the clock, providing traders with greater flexibility.
• No delivery required: Traders do not need to deliver the underlying assets and can hold positions for a long time.
• Hedging: Perpetual contracts can be used to hedge the risk of price fluctuations of spot assets.

Notes:

• High risk: Perpetual contracts carry high risks, and traders may face huge losses.
• Leverage multiple selection: Choose the leverage multiple carefully. Excessive leverage will increase the risk of liquidation.
• Margin Requirements: Traders need to maintain sufficient margin to support their positions, otherwise they may face forced liquidation.
• Market Volatility: The cryptocurrency market is highly volatile and traders need to remain vigilant about the market.

The above is the detailed content of How to buy perpetual contract on Ouyiokex. For more information, please follow other related articles on the PHP Chinese website!