How to close the contract in ProBit Global

How to Close a Contract in ProBit Global

ProBit Global is a cryptocurrency exchange that offers a variety of trading options, including spot trading, margin trading, and futures trading. Futures trading is a type of derivative contract that allows traders to speculate on the future price of an asset.

To close a futures contract on ProBit Global, you will need to follow these steps:

1. Log in to your ProBit Global account.
2. Click on the "Futures" tab.
3. Select the contract that you want to close.
4. Click on the "Close" button.
5. Enter the number of contracts that you want to close.
6. Click on the "Confirm" button.

Your contract will now be closed. You will receive the proceeds from the sale of your contract in your ProBit Global account.

Here are some additional tips for closing a futures contract on ProBit Global:

• Make sure that you understand the risks of futures trading before you enter into a contract. Futures trading can be a volatile market, and you could lose money if the price of the asset moves against you.
• Only trade with money that you can afford to lose.
• Use stop-loss orders to protect your profits. A stop-loss order is an order to sell your contract if the price of the asset falls below a certain level.
• Monitor your contracts closely. The price of an asset can change quickly, so it is important to monitor your contracts closely to make sure that you are not losing money.

Closing a futures contract on ProBit Global is a simple process that can be completed in a few minutes. By following the steps outlined above, you can close your contract and receive the proceeds from the sale of your contract in your ProBit Global account.