How to play the ProBit Global delivery contract

To participate in delivery contract trading on ProBit Global, users must first establish an account, fund it, comprehend contract specifics, execute orders, monitor positions, close them, and withdraw profits while adhering to the platform's guidelines.

Nov 24, 2024 at 10:50 pm

How to Play the ProBit Global Delivery Contract

ProBit Global is a cryptocurrency exchange that offers a variety of trading options, including delivery contracts. Delivery contracts are similar to futures contracts, but they are settled in the underlying asset (in this case, cryptocurrency) rather than cash. This makes them a more direct way to bet on the price of a cryptocurrency.

If you're new to delivery contracts, don't worry! This guide will walk you through everything you need to know to get started.

Step 1: Create a ProBit Global Account

The first step is to create a ProBit Global account. You can do this by visiting the ProBit Global website and clicking on the "Sign Up" button. Once you've created an account, you'll need to verify your email address and identity.

Step 2: Fund Your Account

Once your account is verified, you'll need to fund it with cryptocurrency. You can do this by depositing cryptocurrency from another exchange or wallet, or by buying cryptocurrency directly from ProBit Global.

Step 3: Choose a Delivery Contract

Once your account is funded, you can start trading delivery contracts. To do this, click on the "Contracts" tab on the ProBit Global website. You'll see a list of all the available delivery contracts.

Each delivery contract has a different underlying asset, expiration date, and leverage. Be sure to read the contract specifications carefully before you trade.

Step 4: Place an Order

Once you've chosen a delivery contract, you can place an order. To do this, click on the "Buy" or "Sell" button. You'll then need to enter the number of contracts you want to buy or sell, and the price you want to buy or sell them at.

Step 5: Monitor Your Position

Once you've placed an order, you'll need to monitor your position. You can do this by clicking on the "Positions" tab on the ProBit Global website. Here, you'll see a list of all your open positions, along with their current profit or loss.

Step 6: Close Your Position

When you're ready to close your position, you can do so by clicking on the "Close" button. You'll then need to enter the number of contracts you want to close, and the price you want to close them at.

Step 7: Withdraw Your Profits

Once you've closed your position, you can withdraw your profits by clicking on the "Withdraw" button. You'll then need to enter the amount you want to withdraw, and the address you want to withdraw it to.

Tips for Trading Delivery Contracts

Here are a few tips for trading delivery contracts:

• Do your research. Before you trade any delivery contract, be sure to do your research and understand the risks involved.
• Start small. When you're first starting out, it's best to start small. This will help you to get a feel for the market and avoid losing too much money.
• Use stop-loss orders. Stop-loss orders can help you to limit your losses if the market moves against you.
• Don't be afraid to take profits. If you're making a profit, don't be afraid to take it. This will help you to lock in your gains.
• Have a trading plan. A trading plan can help you to stay disciplined and avoid making impulsive trades.