Crypto.com Contract Game Rules

Crypto.com Contract Game Rules

Crypto.com offers one of the most extensive and diverse selections of cryptocurrency contract trading options in the market. Beginners and experienced traders alike can find a multitude of choices to meet their trading needs.

What is Contract Game?

Contract Game is a type of trading derivative that allows traders to speculate on the future price of an underlying asset without having to buy or sell the asset itself. Contracts are typically settled in cash, and can be used to trade a wide range of assets, including cryptocurrencies, commodities, and indices.

Traders can use Contract Game to long or short an asset. Longing an asset means that the trader believes the price of the asset will rise, while shorting an asset means that the trader believes the price of the asset will fall. With Contract Game, traders can gain exposure to both rising and falling markets.

Rules of Contract Game on Crypto.com

1. Choose an Underlying Asset

The first step in trading Contract Game is to choose an underlying asset. Crypto.com offers a wide range of underlying assets to choose from, including:

- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Dogecoin (DOGE)
- Shiba Inu (SHIB)

In addition to cryptocurrencies, Crypto.com also offers Contract Game on a variety of other assets, such as:

- Gold
- Silver
- Crude oil
- Natural gas

• Indices

2. Choose a Contract Type

Once you have chosen an underlying asset, you need to choose a contract type. Crypto.com offers three different contract types:

- Perpetual contracts: Perpetual contracts do not have an expiry date, and can be held indefinitely.
- Quarterly futures: Quarterly futures contracts expire on a quarterly basis.
- Weekly futures: Weekly futures contracts expire on a weekly basis.

3. Set Your Leverage

Leverage allows traders to trade with more capital than they have in their account. This can increase potential profits, but it can also increase potential losses. Crypto.com offers a maximum leverage of 100x on all Contract Game.

4. Open a Position

Once you have chosen an underlying asset, a contract type, and a leverage amount, you can open a position. To open a position, you need to specify the direction of the trade (long or short), the contract size, and the price at which you want to enter the trade.

5. Manage Your Position

Once you have opened a position, you can manage your position by adding or removing leverage, or by adjusting the stop loss and take profit orders.

6. Close Your Position

To close a position, you need to sell (if you are long) or buy (if you are short) the same number of contracts that you originally opened.

Tips for Trading Contract Game

Here are a few tips for trading Contract Game on Crypto.com:

• Do your research. Before you start trading Contract Game, it is important to do your research and understand the risks involved.
• Start small. Don't trade with more money than you can afford to lose.
• Use leverage carefully. Leverage can increase your potential profits, but it can also increase your potential losses.
• Set stop loss orders. Stop loss orders can help you to limit your losses if the market moves against you.
• Take profit orders. Take profit orders can help you to lock in your profits if the market moves in your favor.
• Manage your risk. Risk management is essential for successful trading. Make sure you have a plan in place for managing your risk before you start trading.