Poloniex contract trading methods

Poloniex's contract trading options, including perpetual and futures contracts, provide traders with opportunities to speculate on asset price movements without owning the underlying asset.

Nov 27, 2024 at 06:44 am

Poloniex Contract Trading Methods

Poloniex is a leading cryptocurrency exchange that offers a wide range of trading options, including contract trading. Contract trading is a form of derivatives trading that allows traders to speculate on the future price of an asset without having to own the underlying asset.

Poloniex offers two types of contract trading: perpetual contracts and futures contracts. Perpetual contracts are contracts that have no expiry date, while futures contracts have a fixed expiry date.

Perpetual Contracts

Perpetual contracts are the most popular type of contract trading on Poloniex. They allow traders to speculate on the future price of an asset without having to worry about the contract expiring.

To trade perpetual contracts on Poloniex, you will need to:

1. Open an account: You can open an account on Poloniex by visiting the website and clicking on the "Sign Up" button.
2. Fund your account: You can fund your account with a variety of cryptocurrencies, including Bitcoin, Ethereum, and USDT.
3. Choose a contract: Poloniex offers a variety of perpetual contracts to trade, including BTC/USDT, ETH/USDT, and BNB/USDT.
4. Place an order: Once you have chosen a contract, you can place an order by clicking on the "Buy" or "Sell" button.
5. Monitor your order: You can monitor your order by clicking on the "Orders" tab.

Futures Contracts

Futures contracts are another type of contract trading that is available on Poloniex. Futures contracts have a fixed expiry date, and they are typically used for hedging or speculating on the future price of an asset.

To trade futures contracts on Poloniex, you will need to:

1. Open an account: You can open an account on Poloniex by visiting the website and clicking on the "Sign Up" button.
2. Fund your account: You can fund your account with a variety of cryptocurrencies, including Bitcoin, Ethereum, and USDT.
3. Choose a contract: Poloniex offers a variety of futures contracts to trade, including BTC/USDT, ETH/USDT, and BNB/USDT.
4. Place an order: Once you have chosen a contract, you can place an order by clicking on the "Buy" or "Sell" button.
5. Monitor your order: You can monitor your order by clicking on the "Orders" tab.

Margin Trading

Margin trading is a type of trading that allows you to borrow funds from an exchange to increase your trading power. Margin trading can be a risky strategy, as you can lose more money than you deposit.

To trade on margin on Poloniex, you will need to:

1. Open a margin account: You can open a margin account on Poloniex by visiting the website and clicking on the "Margin Trading" tab.
2. Fund your account: You can fund your margin account with a variety of cryptocurrencies, including Bitcoin, Ethereum, and USDT.
3. Borrow funds: Once you have funded your margin account, you can borrow funds from the exchange by clicking on the "Borrow" button.
4. Place an order: Once you have borrowed funds, you can place an order by clicking on the "Buy" or "Sell" button.
5. Monitor your order: You can monitor your order by clicking on the "Orders" tab.

Stop-Limit Orders

Stop-limit orders are a type of order that allows you to set a stop price and a limit price. The stop price is the price at which your order will be triggered, and the limit price is the price at which your order will be executed.

To place a stop-limit order on Poloniex, you will need to:

1. Open an account: You can open an account on Poloniex by visiting the website and clicking on the "Sign Up" button.
2. Fund your account: You can fund your account with a variety of cryptocurrencies, including Bitcoin, Ethereum, and USDT.
3. Choose a contract: Poloniex offers a variety of perpetual contracts and futures contracts to trade.
4. Place an order: Once you have chosen a contract, you can place an order by clicking on the "Buy" or "Sell" button.
5. Set your stop price and limit price: You can set your stop price and limit price by clicking on the "Advanced" tab.
6. Monitor your order: You can monitor your order by clicking on the "Orders" tab.

Market Orders

Market orders are a type of order that allows you to buy or sell an asset at the current market price. Market orders are typically executed immediately.

To place a market order on Poloniex, you will need to:

1. Open an account: You can open an account on Poloniex by visiting the website and clicking on the "Sign Up" button.
2. Fund your account: You can fund your account with a variety of cryptocurrencies, including Bitcoin, Ethereum, and USDT.
3. Choose a contract: Poloniex offers a variety of perpetual contracts and futures contracts to trade.
4. Place an order: Once you have chosen a contract, you can place an order by clicking on the "Buy" or "Sell" button.
5. Monitor your order: You can monitor your order by clicking on the "Orders" tab.