How to make contracts on Eureka Exchange

Key Points:

• Understand Eureka Exchange and its Features
• Create an Account on Eureka Exchange
• Fund Your Account
• Explore Contract Options
• Place Your Contract
• Monitor and Manage Your Positions
• Close Your Positions

How to Make Contracts on Eureka Exchange1. Understand Eureka Exchange and its Features

Eureka Exchange is a derivatives exchange that allows users to trade a variety of financial instruments, including perpetual contracts, futures, and options. Its user-friendly interface, advanced trading tools, and risk management features make it suitable for both beginner and experienced traders.

2. Create an Account on Eureka Exchange

To access the trading platform, create an account on Eureka Exchange's official website. Provide your personal information, including your name, email address, and a strong password. Complete the verification process by submitting necessary documents such as your identity card or passport.

3. Fund Your Account

Before placing contracts, you need to fund your Eureka Exchange account. The platform supports various deposit methods, including wire transfer, credit/debit card, and stablecoins. Select your preferred deposit method and follow the instructions to complete the transaction.

4. Explore Contract Options

Eureka Exchange offers a range of contract options, including:

• Perpetual Contracts: These contracts have no expiration date, allowing traders to hold positions for as long as they wish.
• Futures Contracts: These contracts expire on a fixed date in the future, providing exposure to the underlying asset's price movements at a specific point in time.
• Options Contracts: These contracts give traders the right but not the obligation to buy or sell an underlying asset at a specified strike price until a predefined expiration date.

Choose the contract type that aligns with your trading strategy and risk tolerance.

5. Place Your Contract

To place a contract, select the desired contract type and underlying asset. Specify the size of your position and set up any advanced features such as leverage or stop-loss orders. Carefully review the order details before confirming the trade.

6. Monitor and Manage Your Positions

Once your contract is executed, it will appear in your active positions dashboard. Monitor your positions regularly to track their performance and adjust your strategy accordingly. Use Eureka Exchange's advanced trading tools, such as the order book and charting platform, to analyze market trends and manage your risk.

7. Close Your Positions

When you are satisfied with your position's performance, you can close it. Select the contract you wish to close and place a sell or buy order depending on your current position. Your position will be closed at the prevailing market price.

FAQs:Q: What is the minimum deposit requirement on Eureka Exchange?

A: The minimum deposit requirement may vary depending on the funding method. Check the Eureka Exchange website for the latest deposit limits.

Q: Does Eureka Exchange offer leverage trading?

A: Yes, Eureka Exchange offers leverage trading with various levels of leverage available. The maximum leverage level depends on the asset and contract type.

Q: What is the maximum contract size I can trade on Eureka Exchange?

A: The maximum contract size may vary depending on the contract type and underlying asset. Contact Eureka Exchange support for more information on specific contract sizes.

Q: Are there any fees associated with trading contracts on Eureka Exchange?

A: Yes, Eureka Exchange charges fees for trading, including maker and taker fees. The fee schedule can be found on the exchange's website.

Q: How do I withdraw funds from Eureka Exchange?

A: To withdraw funds, navigate to the withdrawal section on Eureka Exchange's website. Provide your withdrawal address and the amount you wish to withdraw. Follow the instructions to complete the transaction.