What does ProBit Global contract mean?

What Is ProBit Global Contract?

ProBit Global is a cryptocurrency exchange that offers a variety of trading products, including spot trading, margin trading, and perpetual contracts. ProBit Global contracts are perpetual contracts that allow traders to speculate on the future price of cryptocurrencies. Unlike futures contracts, which have a fixed expiration date, perpetual contracts do not expire and can be held indefinitely.

How Do ProBit Global Contracts Work?

ProBit Global contracts are traded on a margin basis, which means that traders can use leverage to increase their potential profits. However, leverage also increases the risk of loss, so it is important to use it wisely.

To open a contract position, traders must first deposit collateral into their account. The amount of collateral required will vary depending on the size of the position and the leverage used. Once the collateral has been deposited, traders can then buy or sell contracts.

The profit or loss on a contract position is determined by the difference between the opening price and the closing price. If the price of the cryptocurrency moves in the trader's favor, they will make a profit. However, if the price moves against them, they will lose money.

What Are the Benefits of Trading ProBit Global Contracts?

There are a number of benefits to trading ProBit Global contracts, including:

• High leverage: ProBit Global offers leverage of up to 100x, which means that traders can multiply their potential profits by up to 100 times.
• Low fees: ProBit Global charges some of the lowest fees in the industry, making it an attractive option for traders who are looking to save money.
• Wide range of cryptocurrencies: ProBit Global offers a wide range of cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin, and Ripple.
• Easy-to-use platform: ProBit Global's platform is easy to use, even for beginners.

What Are the Risks of Trading ProBit Global Contracts?

There are also a number of risks associated with trading ProBit Global contracts, including:

• Leverage: Leverage can amplify both profits and losses, so it is important to use it wisely.
• Volatility: Cryptocurrency prices are volatile, which means that traders can lose money quickly.
• Liquidation: If the price of the cryptocurrency moves against the trader, they may be liquidated, which means that they will lose their collateral.

How to Trade ProBit Global Contracts

To trade ProBit Global contracts, you will need to create an account on the ProBit Global website. Once you have created an account, you can deposit funds into your account and start trading.

To open a contract position, follow these steps:

1. Select the cryptocurrency that you want to trade.
2. Select the amount of leverage that you want to use.
3. Enter the number of contracts that you want to buy or sell.
4. Click the "Buy" or "Sell" button.

To close a contract position, follow these steps:

1. Select the contract position that you want to close.
2. Click the "Close" button.

Conclusion

ProBit Global contracts are a versatile trading instrument that can be used to speculate on the future price of cryptocurrencies. However, it is important to understand the risks involved before trading contracts.