CoinW contract trading tutorial

CoinW, a prominent cryptocurrency exchange, offers a step-by-step tutorial enabling users to leverage contract trading for potential financial gain or speculation on asset price movements, without actually owning them.

Nov 15, 2024 at 11:16 am

CoinW Contract Trading Tutorial

Introduction

Contract trading, also known as futures trading, is a form of financial trading that involves buying and selling contracts that represent the future price of an asset. It allows traders to speculate on the price movements of an asset without having to actually own it. CoinW is a popular cryptocurrency exchange that offers contract trading services. This tutorial will provide a step-by-step guide on how to use CoinW for contract trading.

Step 1: Create a CoinW Account

1.1. Visit the CoinW website

The first step is to visit the CoinW website at https://www.coinw.com/.

1.2. Click on "Register"

Click on the "Register" button in the top-right corner of the website.

1.3. Fill out the registration form

Fill out the registration form with your email address, password, and country of residence.

1.4. Verify your email address

Click on the "Send Verification Code" button and check your email for the verification code. Enter the verification code and click on the "Register" button.

Step 2: Fund Your CoinW Account

2.1. Click on "Deposit"

Once you have created a CoinW account, you need to fund it in order to start trading. Click on the "Deposit" button in the top-right corner of the website.

2.2. Select a deposit method

CoinW supports a variety of deposit methods, including bank transfer, credit card, and cryptocurrency. Select the deposit method that you want to use and follow the instructions.

2.3. Enter the deposit amount

Enter the amount of money that you want to deposit into your CoinW account.

2.4. Click on "Deposit"

Click on the "Deposit" button to complete the deposit process.

Step 3: Choose a Contract

3.1. Click on "Contracts"

Once you have funded your CoinW account, you can start trading contracts. Click on the "Contracts" tab in the top-right corner of the website.

3.2. Select a contract type

CoinW offers a variety of contract types, including perpetual contracts, futures contracts, and options contracts. Select the contract type that you want to trade.

3.3. Choose a trading pair

The trading pair is the pair of assets that you are trading. CoinW offers a wide range of trading pairs, including cryptocurrencies, forex, and commodities. Select the trading pair that you want to trade.

Step 4: Place an Order

4.1. Enter the order details

Once you have chosen a contract, you need to enter the order details. This includes the order type, the order price, and the order quantity.

4.2. Select the order type

CoinW offers a variety of order types, including market orders, limit orders, and stop orders. Select the order type that you want to use.

4.3. Enter the order price

The order price is the price at which you want to buy or sell the contract. Enter the order price in the appropriate field.

4.4. Enter the order quantity

The order quantity is the number of contracts that you want to buy or sell. Enter the order quantity in the appropriate field.

4.5. Click on "Buy" or "Sell"

Click on the "Buy" or "Sell" button to place the order.

Step 5: Monitor Your Order

5.1. Click on "Orders"

Once you have placed an order, you can monitor it in the "Orders" tab.

5.2. Check the order status

The order status will tell you whether the order has been filled, partially filled, or not filled.

5.3. Cancel the order

If you want to cancel the order, you can click on the "Cancel" button.