Contract

Text

How to trade perpetual contract with BitFlyer

Perpetual contracts on BitFlyer allow traders to speculate on future crypto asset prices without physically holding the underlying assets, enabling continuous trading without settlement.

Nov 11, 2024 at 07:04 am

A Comprehensive Guide to Perpetual Contract Trading on BitFlyer

1. Understanding Perpetual Contracts

Perpetual Contracts are a type of crypto derivative that simulate the price movements of an underlying asset, such as Bitcoin or Ethereum. Unlike traditional crypto futures, which have an expiration date, perpetual contracts are designed for continuous trading without settlement. This unique contract type allows traders to speculate on the future price of an asset without physically holding the underlying asset.

2. Choosing a Trading Pair

The first step to trading perpetual contracts on BitFlyer is to select a trading pair. BitFlyer offers perpetual contracts on a range of crypto assets, including Bitcoin, Ethereum, Litecoin, and many more. Consider your market analysis and the volatility of each asset when making your selection.

3. Funding Your Account

Before you can begin trading perpetual contracts, you must fund your BitFlyer account with cryptocurrencies or fiat currencies like the Japanese Yen (JPY). BitFlyer supports multiple funding methods, including bank transfers, wire transfers, and credit card deposits.

4. Placing an Order

Once your account is funded, you can start placing orders. Perpetual contracts on BitFlyer can be executed in two ways: market orders and limit orders. Market orders are instantly executed at the current market price, while limit orders are only executed when the market price reaches a specific price point you set.

5. Managing Your Margin

Perpetual contracts are traded on margin, which is a loan provided by BitFlyer to amplify your buying power. Margin trading allows you to multiply your potential profits, but it also comes with increased risk. It's crucial to manage your margin carefully and always trade within your risk tolerance.

6. Monitoring Your Position

After placing an order, it's essential to monitor your position regularly. BitFlyer provides real-time market data and charts to help you track the performance of your perpetual contracts. Keep a close eye on the market sentiment and make adjustments to your positions as needed.

7. Closing Your Position

To exit your perpetual contract position, you need to place an order in the opposite direction. For example, if you have an open long position, you would need to place a short order to close it. Once your closing order is executed, your position will be settled, and any profits or losses will be realized.

8. Advanced Trading Strategies

As you gain experience with perpetual contract trading, you can explore advanced trading strategies to enhance your profitability. Some popular strategies include scalping, swing trading, and automated trading using bots. It's essential to study these strategies thoroughly before implementing them in your trading.

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.

Fear & Greed Index

Trade Now

Biggest Gainers

SOLO

$0.3901

266.15%

Trade Now
CLV

$0.0757

80.29%

Trade Now
SLERF

$0.4231

60.97%

Trade Now
XYM

$0.0200

56.84%

Trade Now
SNEK

$0.0027

43.82%

Trade Now
MOB

$0.4373

41.53%

Trade Now

Latest Crypto News

Rollblock (RBLK) Token Shines in Crypto Rally: A Promising Presale Token to Watch
2024-11-16 18:25:01
Ripple’s Long-Awaited Return to 2018 Levels: XRP Price on Track for $3.92, While CertiK-Audited Rexas Finance (RXS) Eyes 12934% Gains
2024-11-16 18:25:01
The Quantum Revolution: How Quantum Computing Will Reshape Cryptocurrencies and the Digital Economy
2024-11-16 18:25:01
Dormant Bitcoin (BTC) Wallet From the Satoshi Era Transfers 2,000 BTC to Coinbase, Sending Shockwaves Through the Crypto Ecosystem
2024-11-16 18:15:02
Cathie Wood Reaffirms Bullish Bitcoin Outlook, Predicts a Base Price of $650K by 2030
2024-11-16 18:15:02
Bitwise Asset Management Pushes for Greater Access to Crypto Investments, Announces NYSE Arca Filing to List the Bitwise 10 Crypto Index Fund (BITW) as an ETP
2024-11-16 18:15:02

Related knowledge

How to play Upbit usdt contract

Nov 15,2024 at 02:04pm

How to Play Upbit USDT ContractIntroductionUpbit is one of the leading cryptocurrency exchanges in South Korea. It offers a variety of trading options, including spot trading, margin trading, and futures trading. Upbit also offers a USDT contract, which is a type of futures contract that is denominated in USDT.Benefits of Playing Upbit USDT ContractTher...

How to calculate Upbit contract rate

Nov 15,2024 at 04:47am

A Comprehensive Guide to Calculating Upbit Contract RatesUpbit, a leading South Korean cryptocurrency exchange, offers a comprehensive suite of trading options, including cryptocurrency spot trading, margin trading, and futures contracts trading. Futures contracts are financial instruments that allow traders to speculate on the future price of an asset,...

How long does it take for Upbit contract settlement

Nov 14,2024 at 10:10pm

How Long Does It Take for Upbit Contract Settlement?Upbit, a renowned South Korean cryptocurrency exchange, offers a diverse range of trading options, including spot trading and contract trading. Contract trading, also known as futures trading, allows traders to speculate on the future price movements of underlying assets without taking physical possess...

How to open 75x contracts on Upbit

Nov 15,2024 at 12:50pm

How to Open 75x Contracts on UpbitUpbit is a South Korean cryptocurrency exchange that offers a wide range of trading options, including 75x contracts. 75x contracts are a type of leveraged contract that allows traders to multiply their potential profits by up to 75 times. However, it is important to note that leveraged trading also amplifies potential ...

How to open high-multiple contracts on Upbit

Nov 16,2024 at 04:45pm

How to Open High-Multiple Contracts on Upbit: A Comprehensive GuideUpbit, one of the world's leading cryptocurrency exchanges, offers a wide range of trading options, including high-multiple contracts. These contracts allow traders to magnify their potential profits, but they also come with increased risk. Therefore, it's important to understand the pro...

What is Upbit contract trading

Nov 14,2024 at 10:46pm

What is Upbit Contract Trading?Upbit is a South Korean cryptocurrency exchange that offers a wide range of trading options, including spot trading, margin trading, and contract trading. Contract trading, also known as futures trading, allows traders to speculate on the future price of a cryptocurrency without having to actually own the underlying asset....