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How to activate ProBit Global contract multiples
ProBit Global empowers traders to multiply their potential profits and manage risk through the seamless activation of contract multiples, requiring a verified account and adherence to proper risk management principles.
Dec 03, 2024 at 02:16 am
How to Activate ProBit Global Contract Multiples: A Comprehensive Guide
ProBit Global, a leading cryptocurrency exchange, offers advanced trading options like contract multiples, which allow traders to increase their potential profits while managing risk. Activating contract multiples on ProBit Global requires a few simple steps that are outlined in this guide.
Prerequisites:
- Create and verify a ProBit Global account.
- Fund your account with sufficient funds to initiate leveraged trading.
Step-by-Step Activation Process:
1. Access the Contract Trading Interface
- Navigate to the "Futures" section on the ProBit Global website or mobile app.
- Select the contract you wish to trade (e.g., BTC/USDT) and click on the "Trade" button.
2. Enable "Contract Multiples"
- On the contract trading page, locate the "Settings" or "Advanced Settings" tab.
- Enable the toggle switch labeled "Contract Multiples."
3. Specify the Multiplier Value
- Once contract multiples are activated, you will be prompted to enter a multiplier value.
- This value represents the factor by which your trade size will be multiplied, effectively increasing your potential profits and risk.
- The multiplier value can range from 1x (no leverage) to 100x or more, depending on the contract.
4. Adjust Risk Management Parameters
- Before placing leveraged trades, it is crucial to adjust your risk management parameters.
- This includes setting stop-loss orders to limit potential losses and adjusting your position size to manage risk based on your account balance.
5. Place a Contract Multiple Trade
- With contract multiples enabled and risk management parameters set, you can now place leveraged trades.
- Enter the desired contract size, leverage multiplier, and order type (e.g., market, limit, or stop-limit).
- Confirm the details and place your trade.
Cautions and Considerations:
- Leveraged trading amplifies potential profits but also increases risk exponentially.
- Traders should only use contract multiples with a clear understanding of the risks involved.
- Manage your risk effectively by setting appropriate stop-loss orders and adjusting your position size according to your account balance.
- Regularly monitor your trades and adjust positions as necessary based on market movements.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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