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MEXC contract tutorial
Create an account on MEXC to access a broad array of trading services, including contract trading, where you can speculate on future asset prices.
Nov 13, 2024 at 12:31 am
MEXC Contract Trading: A Comprehensive Guide
MEXC is a renowned cryptocurrency exchange that offers a wide range of trading services, including contract trading. This tutorial will provide a comprehensive guide to MEXC contract trading, covering everything from account creation to advanced order types.
Step 1: Create a MEXC Account
Creating an account on MEXC is a simple and straightforward process that can be completed in a few minutes.
- Visit the MEXC website: https://www.mexc.com/
- Click on the "Register" button in the top-right corner.
- Enter your email address and create a password.
- Click on the "Send Code" button and enter the verification code sent to your email address.
- Agree to the Terms of Service and Privacy Policy.
- Click on the "Create Account" button.
Step 2: Fund Your MEXC Account
Once you have created an account, you need to fund it with cryptocurrencies to start trading contracts.
- Click on the "Assets" tab in the top menu bar.
- Click on the "Deposit" button.
- Select the cryptocurrency you want to deposit.
- Enter the amount you want to deposit.
- Click on the "Confirm" button.
- Follow the instructions on the screen to complete the deposit.
Step 3: Understand Contract Trading
Contract trading is a type of derivative trading that allows traders to speculate on the future price of an asset without actually owning the underlying asset. This can be a risky but potentially profitable way to trade.
- Futures: A futures contract is an agreement to buy or sell an asset at a predetermined price on a future date.
- Perpetual: A perpetual contract is a type of futures contract that has no expiration date.
- Leverage: Leverage allows traders to borrow capital from the exchange to trade with, essentially increasing their buying power. However, leverage also amplifies both profits and losses.
Step 4: Choose a Contract
MEXC offers a variety of contract markets, including perpetual contracts, inverse perpetual contracts, and delivery contracts.
- Perpetual Contracts: These contracts do not have an expiration date and allow for perpetual trading without having to close positions.
- Inverse Perpetual Contracts: These contracts are similar to perpetual contracts but are quoted in the inverse of the underlying asset's price, meaning that short positions profit from a rise in the asset's price and vice versa.
- Delivery Contracts: These contracts have an expiration date and require traders to physically settle the underlying asset at the time of expiry.
Step 5: Place an Order
To place an order,
- Click on the "Contracts" tab in the top menu bar.
- Select the contract you want to trade.
- Choose the order type (e.g., Limit Order, Market Order, Stop Limit Order).
- Enter the order parameters (e.g., price, quantity, leverage).
- Click on the "Buy" or "Sell" button.
Step 6: Monitor Your Position
Once you have placed an order, you can monitor its status by clicking on the "Positions" tab on the left-hand side of the screen. This will show you the current profit/loss, margin used, and other details of your open positions.
Step 7: Close Your Position
When you want to close your position,
- Click on the "Positions" tab on the left-hand side of the screen.
- Select the position you want to close.
- Click on the "Close" button.
- Confirm the closure of the position.
Step 8: Withdraw Your Funds
Once you have closed all your positions and want to withdraw your funds,
- Click on the "Assets" tab in the top menu bar.
- Click on the "Withdraw" button.
- Select the cryptocurrency you want to withdraw.
- Enter the amount you want to withdraw.
- Click on the "Confirm" button.
- Follow the instructions on the screen to complete the withdrawal.
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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