How to open ProBit Global contract 75 times

Managed perpetual contracts involve monitoring market prices, adjusting leverage, and timely closing to maximize profits and minimize losses, ensuring efficient contract management.

Dec 01, 2024 at 07:57 pm

How to Open a ProBit Global Contract 75 Times

Introduction

ProBit Global is a cryptocurrency exchange that offers a wide range of trading options, including perpetual contracts. Perpetual contracts are similar to futures contracts, but they do not have an expiry date. This means that you can hold a position in a perpetual contract for as long as you like.

Opening a perpetual contract on ProBit Global is a relatively simple process. However, there are a few things you need to do before you can start trading.

Step 1: Create a ProBit Global Account

If you don't already have a ProBit Global account, you will need to create one. To do this, visit the ProBit Global website and click on the "Sign Up" button. You will then need to provide your email address and create a password.

Once you have created an account, you will need to verify your email address. To do this, click on the link in the verification email that ProBit Global will send you.

Step 2: Fund Your Account

Before you can start trading, you will need to fund your ProBit Global account. To do this, click on the "Deposit" button in the top right corner of the screen. You can then select the cryptocurrency that you want to deposit and follow the instructions on the screen.

Step 3: Open a Perpetual Contract

Once you have funded your account, you can open a perpetual contract. To do this, click on the "Contracts" tab in the top menu bar. You will then need to select the cryptocurrency pair that you want to trade.

Once you have selected the cryptocurrency pair, you will need to enter the following information:

• The contract size. This is the number of units of the base currency that you want to trade.
• The leverage. This is the amount of leverage that you want to use. Leverage allows you to trade with more capital than you have in your account. However, it also increases your risk of loss.
• The order type. This is the type of order that you want to place. There are two types of orders: market orders and limit orders. Market orders are executed immediately at the current market price. Limit orders are executed only when the market price reaches a specified level.

Once you have entered all of the required information, click on the "Buy" or "Sell" button to open the contract.

Step 4: Manage Your Contract

Once you have opened a contract, you will need to manage it. This includes monitoring the market price, adjusting your leverage, and closing the contract when you are ready to take profit or cut your losses.

To monitor the market price, click on the "Contracts" tab in the top menu bar. You will then see a list of all of the contracts that you have open. The market price for each contract is displayed in the "Last Price" column.

To adjust your leverage, click on the "Edit" button next to the contract that you want to change. You can then enter the new leverage that you want to use.

To close a contract, click on the "Close" button next to the contract that you want to close. You will then need to enter the number of units of the base currency that you want to close.

Step 5: Withdraw Your Funds

Once you have closed all of your contracts, you can withdraw your funds from ProBit Global. To do this, click on the "Withdraw" button in the top right corner of the screen. You will then need to select the cryptocurrency that you want