How to short the okex contract

Short the price of predictable assets and profit from them with OKEx contracts. The steps include: open an account and make a deposit, select the contract type and switch to the short-selling interface, enter the short-selling order parameters (contract quantity, leverage multiple), place a short-selling order (sell), close the position or stop the loss (place a trading order in the opposite direction or limit the loss)

How to short-sell using OKEx contracts

Introduction
In OKEx contract trading, short-selling refers to predicting that the price of an asset will fall and making a profit from it.

Operation steps

1. Open an account and deposit: First register an account on OKEx and make a deposit.
2. Select contract type: Select the contract you want to trade, such as BTCUSD perpetual contract.
3. Switch to the short order trading interface: Click the "Bull (Long)" button on the trading interface to switch to the "Put (Short)" interface.
4. Enter trading parameters: Enter the number of contracts and leverage you want to short.
5. Place a short order: Click the "Sell" button to confirm the transaction.
6. Close the position or stop the loss: When you think the market trend has reversed or the profit has reached the target, you need to close the position or stop the loss to exit the transaction.

Specific description

• Contract quantity: Indicates the quantity of the underlying asset you are shorting.
• Leverage multiple: magnifies the influence of your leverage, but also magnifies your risk.
• Sell: Place a short order and you will profit when the price of the asset drops.
• Closing: Place a trade order in the opposite direction to end the short sale and lock in profit or loss.
• Stop loss: Set a trigger price. When the price reaches this price, the platform will automatically close the position to limit losses.

Things to note

• Shorting contracts is a high-risk transaction that may result in significant losses.
• Before making any trades, you should understand the market and develop a risk management plan.
• Use leverage with caution, the higher the leverage, the greater your risk.
• Pay close attention to market dynamics and adjust your trading strategy in a timely manner as needed.

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