BitForex exchange trading tutorial and installation method
BitForex Exchange Trading Tutorial
Installation Method
Desktop/Laptop
- Go to BitForex official website (https://www.bitforex.co m/zh-CN/)
- Click "Register Now" in the upper right corner of the page
- Fill in the registration information (email/mobile phone number, password) according to the prompts , invitation code)
- Verify your account via email or SMS
Mobile device
- From App Store or Google Play to download the BitForex mobile app
- Open the app and click "Start Now"
- Fill in your application as prompted Registration Information
- Verify your account via email or SMS
Trading Tutorial
1. Buy cryptocurrencies
- C2C transactions: Trade directly with other users, support fiat currency transactions.
- Fiat currency trading: Use a bank card or third-party payment platform to purchase cryptocurrency.
- OTC Trading: Trade large amounts of cryptocurrencies with over-the-counter traders.
2. Limit Order Trading
- Limit Buy: Specify the maximum you are willing to pay for the cryptocurrency price to buy.
- Sell Limit: Specify the lowest price you are willing to sell for your cryptocurrency.
3. Market Order Transaction
- Market Buy: Buy cryptocurrency immediately at the current market price.
- Sell at Market: Sell cryptocurrency immediately at the current market price.
4. Stop Loss Order
- Stop Buy: Automatically buy when the cryptocurrency price reaches a specified level enter.
- Sell Stop: Automatically sell when the cryptocurrency price reaches a specified level.
5. Trailing Stop
- A trailing stop that follows cryptocurrency prices can help lock in profits or reduce losses.
6. Leveraged Trading
- Using leveraged trading to enlarge your trading position, but this also increases the risk.
Tip
- Do adequate research before trading.
- Start with a small amount of capital and gradually increase the transaction size.
- Use stop loss orders to manage risk.
- Regularly review your trading positions and make adjustments as necessary.
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