Market Cap: $2.7556T 1.720%
Volume(24h): $68.6314B -13.250%
Fear & Greed Index:

18 - Extreme Fear

  • Market Cap: $2.7556T 1.720%
  • Volume(24h): $68.6314B -13.250%
  • Fear & Greed Index:
  • Market Cap: $2.7556T 1.720%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top Cryptospedia

Select Language

Select Language

Select Currency

Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos

How to operate ProBit Global contract trading

Embark on your contract trading journey with ProBit Global, a user-friendly exchange offering a diverse range of perpetual and futures contracts tailored to traders of all experience levels.

Nov 25, 2024 at 04:58 pm

How to Conduct Contract Trading on ProBit Global

In this comprehensive guide, we will delve into the intricate world of contract trading on ProBit Global, a leading cryptocurrency exchange known for its user-friendly platform and diverse range of trading options. Whether you are a novice trader or a seasoned pro, this guide will equip you with the essential knowledge and strategies to navigate the complexities of contract trading.

Step 1: Understanding Contract Trading

At its core, contract trading involves speculating on the future price movements of crypto assets without actually owning the underlying asset. This is achieved through the use of derivative contracts, which allow traders to leverage their positions and potentially amplify their profits. However, it is crucial to note that these contracts also amplify the potential risks involved, making it essential for traders to approach them with caution.

Step 2: Creating an Account on ProBit Global

To commence your contract trading journey, you must first establish an account on ProBit Global. The registration process is straightforward and requires you to provide basic personal information and undergo identity verification for security purposes. Once your account is set up, you can deposit funds into your trading wallet to begin trading.

Step 3: Funding Your Trading Account

ProBit Global supports a wide range of funding options, including credit cards, bank transfers, and cryptocurrency deposits. Choose the method that best suits your needs and carefully follow the on-screen instructions to complete the funding process. It is essential to note that different funding methods may have varying fees and processing times.

Step 4: Choosing a Trading Contract

ProBit Global offers a variety of perpetual and futures contracts with varying underlying assets and leverage options. Carefully consider the underlying asset, contract specifications, and risk tolerance to select the contract that best aligns with your trading strategy. Each contract will have its own market details, including the underlying asset, contract size, and trading fees.

Step 5: Placing an Order

Once you have selected a trading contract, you can proceed to place your order. Determine whether you want to take a long position (buying the contract and betting on a price increase) or a short position (selling the contract and betting on a price decrease). Specify the desired order type, quantity, and leverage level. Review the order details thoroughly before confirming and submitting.

Step 6: Monitoring and Managing Your Trades

After placing an order, it is crucial to monitor its performance closely and adjust your strategy as needed. ProBit Global provides real-time charts, market data, and advanced trading tools to help you stay on top of market conditions. Use these resources to track your positions, assess risk, and make informed trading decisions.

Step 7: Closing Your Positions

When you are ready to close a position, simply place an opposite order with the same order size. For instance, if you have a long position, you will need to place a short order of the same size to close it out. Alternatively, you can use the liquidation price as a reference point to determine the potential losses and manually close your position before it reaches that level.

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 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 role of a smart contract in blockchain?

What is the role of a smart contract in blockchain?

Mar 15,2025 at 01:40pm

Key Points:Smart contracts automate the execution of agreements on a blockchain.They eliminate intermediaries and increase transparency and efficiency.Smart contracts enhance security through cryptographic hashing and immutability.Various types of smart contracts exist, catering to diverse applications.Risks associated with smart contracts include vulne...

What are the main features of a smart contract?

What are the main features of a smart contract?

Mar 13,2025 at 10:20pm

Key Points:Smart contracts automate the execution of agreements. Their core functionality relies on pre-defined conditions and cryptographic security.Immutability and transparency are key features, ensuring that once deployed, the contract's code cannot be altered without consensus (depending on the blockchain), and all transactions are viewable on the ...

How does a smart contract work?

How does a smart contract work?

Mar 13,2025 at 09:05pm

Key Points:Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.They operate on a blockchain, ensuring transparency, security, and immutability.Deployment involves writing code, compiling it, and deploying it to a blockchain network.Execution is triggered by pre-d...

What is the settlement method of DOGE contract?

What is the settlement method of DOGE contract?

Mar 14,2025 at 09:30am

Key Points:Dogecoin (DOGE) contract settlement methods primarily depend on the exchange or platform offering the contract.Perpetual contracts typically use a mark price for settlement, avoiding the need for physical delivery of DOGE.Delivery contracts require the actual delivery of DOGE at contract expiration.Understanding the specific settlement mechan...

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 role of a smart contract in blockchain?

What is the role of a smart contract in blockchain?

Mar 15,2025 at 01:40pm

Key Points:Smart contracts automate the execution of agreements on a blockchain.They eliminate intermediaries and increase transparency and efficiency.Smart contracts enhance security through cryptographic hashing and immutability.Various types of smart contracts exist, catering to diverse applications.Risks associated with smart contracts include vulne...

What are the main features of a smart contract?

What are the main features of a smart contract?

Mar 13,2025 at 10:20pm

Key Points:Smart contracts automate the execution of agreements. Their core functionality relies on pre-defined conditions and cryptographic security.Immutability and transparency are key features, ensuring that once deployed, the contract's code cannot be altered without consensus (depending on the blockchain), and all transactions are viewable on the ...

How does a smart contract work?

How does a smart contract work?

Mar 13,2025 at 09:05pm

Key Points:Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.They operate on a blockchain, ensuring transparency, security, and immutability.Deployment involves writing code, compiling it, and deploying it to a blockchain network.Execution is triggered by pre-d...

What is the settlement method of DOGE contract?

What is the settlement method of DOGE contract?

Mar 14,2025 at 09:30am

Key Points:Dogecoin (DOGE) contract settlement methods primarily depend on the exchange or platform offering the contract.Perpetual contracts typically use a mark price for settlement, avoiding the need for physical delivery of DOGE.Delivery contracts require the actual delivery of DOGE at contract expiration.Understanding the specific settlement mechan...

See all articles

User not found or password invalid

Your input is correct