Market Cap: $2.7197T -1.390%
Volume(24h): $67.7959B 46.100%
Fear & Greed Index:

24 - Extreme Fear

  • Market Cap: $2.7197T -1.390%
  • Volume(24h): $67.7959B 46.100%
  • Fear & Greed Index:
  • Market Cap: $2.7197T -1.390%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top Cryptospedia

Select Language

Select Language

Select Currency

Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos

How to open high multiple contracts on CoinEx

Before you start trading high multiple contracts, consider potential risks, ensure a viable trading strategy, and begin with a minimal trading sum to acquire market knowledge and risk management skills.

Dec 03, 2024 at 01:50 pm

How to Open High Multiple Contracts on CoinEx

High multiple contracts, also known as leveraged contracts, are a type of derivative instrument that allow traders to increase their potential profits by using leverage. This can be a great way to magnify gains, but it also comes with increased risk. If the market moves against you, you could lose more money than you initially invested.

Before you start trading high multiple contracts, it's important to understand the risks involved. You should also make sure that you have a sound trading strategy in place.

If you're new to high multiple contracts, it's a good idea to start with a small amount of money. This will help you to get a feel for the market and learn how to manage your risk.

Once you're comfortable with trading high multiple contracts, you can start to increase the amount of money that you trade with. However, it's important to remember that the higher the leverage you use, the greater the risk.

Here are the steps on how to open high multiple contracts on CoinEx:

  1. Create a CoinEx account. If you don't already have a CoinEx account, you can create one by visiting the CoinEx website.
  2. Deposit funds into your CoinEx account. You can deposit funds into your CoinEx account by wire transfer, credit card, or debit card.
  3. Navigate to the high multiple contracts trading page. Once you're logged into your CoinEx account, you can navigate to the high multiple contracts trading page by clicking on the "Derivatives" tab and then selecting "High Multiple Contracts."
  4. Choose a trading pair. The first step is to choose a trading pair. CoinEx offers a variety of trading pairs, including BTC/USDT, ETH/USDT, and XRP/USDT.
  5. Select the leverage you want to use. The next step is to select the leverage you want to use. CoinEx offers leverage of up to 100x.
  6. Enter the amount of money you want to trade with. The next step is to enter the amount of money you want to trade with.
  7. Click the "Buy" or "Sell" button. Once you're happy with your order, click the "Buy" or "Sell" button.

Your order will be executed immediately. You can track the progress of your order by clicking on the "Orders" tab.

Tips for Trading High Multiple Contracts

Here are a few tips for trading high multiple contracts:

  • Use stop-loss orders. Stop-loss orders are a great way to protect your profits and limit your losses. A stop-loss order will automatically sell your position if the market price falls below a certain level.
  • Don't overtrade. One of the biggest mistakes that traders make is overtrading. Overtrading can lead to losses, so it's important to stick to your trading plan and only trade with money that you can afford to lose.
  • Manage your risk. Risk management is one of the most important aspects of trading high multiple contracts. You should always make sure that you're managing your risk properly. This means using stop-loss orders, not overtrading, and only trading with money that you can afford to lose.

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.

Related knowledge

What is the difference between the mark price and the latest price on Binance Futures?

What is the difference between the mark price and the latest price on Binance Futures?

Mar 17,2025 at 02:36pm

Key Points:Mark Price: A fair price calculated using multiple exchanges' prices, minimizing manipulation. It's crucial for funding rates and liquidation calculations.Latest Price: The most recent trade price on Binance Futures. Subject to volatility and potential manipulation.Discrepancies: Differences arise due to market depth, order book imbalances, a...

How to operate cross-product arbitrage of Bitcoin contracts?

How to operate cross-product arbitrage of Bitcoin contracts?

Mar 17,2025 at 01:00pm

Key Points:Understanding Bitcoin contract arbitrage relies on exploiting price discrepancies across different exchanges.Successful arbitrage requires speed, low latency connections, and sophisticated trading algorithms.Risk management is crucial, as market volatility and slippage can negate profits.Fees and slippage significantly impact profitability. C...

How is the funding rate of Bitcoin contracts calculated?

How is the funding rate of Bitcoin contracts calculated?

Mar 17,2025 at 10:30am

Key Points:Bitcoin perpetual contracts utilize funding rates to align the price of the contract with the spot price of Bitcoin.The funding rate is calculated based on the difference between the perpetual contract price and the spot price, and the demand for long or short positions.A positive funding rate means long positions pay short positions, and vic...

How to avoid the risk of liquidation in Bitcoin contracts?

How to avoid the risk of liquidation in Bitcoin contracts?

Mar 17,2025 at 09:56am

Key Points:Understanding Margin and Leverage: The core of avoiding liquidation lies in responsible leverage use.Monitoring Market Volatility: Sudden price swings are the biggest liquidation threat. Constant vigilance is crucial.Position Sizing and Risk Management: Never risk more than you can afford to lose. Proper position sizing is paramount.Stop-Loss...

What are the advantages of smart contracts?

What are the advantages of smart contracts?

Mar 14,2025 at 11:51pm

Key Points:Enhanced Security: Smart contracts minimize the risk of fraud and human error through automated execution.Increased Transparency: All transactions and contract terms are publicly viewable on the blockchain, fostering trust and accountability.Automation & Efficiency: Smart contracts automate processes, eliminating intermediaries and speeding u...

What are the application scenarios of smart contracts?

What are the application scenarios of smart contracts?

Mar 13,2025 at 03:26pm

Key Points:Smart contracts automate agreements, removing intermediaries.Diverse applications across DeFi, NFTs, supply chain management, and more.Security and scalability remain key challenges.Understanding the underlying blockchain technology is crucial for effective implementation.Legal frameworks are still evolving to accommodate smart contract dispu...

What is the difference between the mark price and the latest price on Binance Futures?

What is the difference between the mark price and the latest price on Binance Futures?

Mar 17,2025 at 02:36pm

Key Points:Mark Price: A fair price calculated using multiple exchanges' prices, minimizing manipulation. It's crucial for funding rates and liquidation calculations.Latest Price: The most recent trade price on Binance Futures. Subject to volatility and potential manipulation.Discrepancies: Differences arise due to market depth, order book imbalances, a...

How to operate cross-product arbitrage of Bitcoin contracts?

How to operate cross-product arbitrage of Bitcoin contracts?

Mar 17,2025 at 01:00pm

Key Points:Understanding Bitcoin contract arbitrage relies on exploiting price discrepancies across different exchanges.Successful arbitrage requires speed, low latency connections, and sophisticated trading algorithms.Risk management is crucial, as market volatility and slippage can negate profits.Fees and slippage significantly impact profitability. C...

How is the funding rate of Bitcoin contracts calculated?

How is the funding rate of Bitcoin contracts calculated?

Mar 17,2025 at 10:30am

Key Points:Bitcoin perpetual contracts utilize funding rates to align the price of the contract with the spot price of Bitcoin.The funding rate is calculated based on the difference between the perpetual contract price and the spot price, and the demand for long or short positions.A positive funding rate means long positions pay short positions, and vic...

How to avoid the risk of liquidation in Bitcoin contracts?

How to avoid the risk of liquidation in Bitcoin contracts?

Mar 17,2025 at 09:56am

Key Points:Understanding Margin and Leverage: The core of avoiding liquidation lies in responsible leverage use.Monitoring Market Volatility: Sudden price swings are the biggest liquidation threat. Constant vigilance is crucial.Position Sizing and Risk Management: Never risk more than you can afford to lose. Proper position sizing is paramount.Stop-Loss...

What are the advantages of smart contracts?

What are the advantages of smart contracts?

Mar 14,2025 at 11:51pm

Key Points:Enhanced Security: Smart contracts minimize the risk of fraud and human error through automated execution.Increased Transparency: All transactions and contract terms are publicly viewable on the blockchain, fostering trust and accountability.Automation & Efficiency: Smart contracts automate processes, eliminating intermediaries and speeding u...

What are the application scenarios of smart contracts?

What are the application scenarios of smart contracts?

Mar 13,2025 at 03:26pm

Key Points:Smart contracts automate agreements, removing intermediaries.Diverse applications across DeFi, NFTs, supply chain management, and more.Security and scalability remain key challenges.Understanding the underlying blockchain technology is crucial for effective implementation.Legal frameworks are still evolving to accommodate smart contract dispu...

See all articles

User not found or password invalid

Your input is correct