May I ask where is the best place to find the entrustment order function of OYi Contract?

Uncovering the Elusive Entrustment Order Function in the OYi Contract

Key Points:

• Understanding the relevance of an entrustment order function in contract trading.
• A thorough guide to locating the entrustment order function within the OYi Contract platform.
• Exploring the various parameters and settings associated with entrustment orders.
• Insights into the advantages and limitations of utilizing entrustment orders.
• Comprehensive FAQs to address common queries and provide additional clarification.

Guide to Finding the Entrustment Order Function in OYi Contract

1. Accessing the Contract Trading Platform:
   • Log in to your OYi Account and navigate to the "Contract Trading" section.
   • Choose the desired contract and market you wish to trade.
2. Locating the Trading Interface:
   • Identify the main trading interface, typically located in the center of the screen.
   • It consists of various tabs, including the "Price," "Depth," and "Order" sections.
3. Identifying the Entrustment Order Tab:
   • Within the "Order" section, locate the tab labeled "Entrustment Order."
   • Click on this tab to access the entrustment order interface.

Understanding Entrustment Order Parameters

1. Buy/Sell Options:
   • Specify whether you want to buy or sell the selected contract.
   • This will determine the direction of your trade.
2. Order Type:
   • Choose from various order types, such as "Limit Order," "Market Order," or "Stop Order."
   • Each order type has unique execution conditions and implications.
3. Order Price:
   • Set the price at which you want to execute your entrustment order.
   • For a Limit Order, this is the price at which you will either buy or sell.
4. Order Quantity:
   • Determine the number of contract units you want to buy or sell.
   • This represents the size of your trade.
5. Leverage:
   • Select the leverage you want to apply to your entrustment order.
   • Leverage amplifies your potential profits but also increases your risk.

Advantages of Using Entrustment Orders

• Increased Precision: Entrustment orders allow you to specify exact execution prices, ensuring you enter or exit trades at your desired levels.
• Time-Saving Automation: By setting up entrustment orders, you can automate your trading strategy and execute trades even when you are away from the platform.
• Risk Management: Entrustment orders can be used to establish stop-loss and take-profit orders, helping you manage your risk exposure.

Limitations of Using Entrustment Orders

• Market Volatility: Entrustment orders may not execute immediately if market conditions change rapidly, potentially resulting in slippage.
• Time constraints: Entrustment orders have a limited lifespan and will expire if not executed within a specified time frame.
• Platform Downtime: If the trading platform experiences technical issues, your entrustment orders may not be executed, leading to missed opportunities.

FAQs

Q: What is the minimum order quantity for entrustment orders on OYi Contract?A: The minimum order quantity varies depending on the specific contract and market. You can check the contract specifications for details.

Q: Can I modify or cancel an entrustment order after placing it?A: Yes, you can modify or cancel your entrustment order before it is executed. However, once executed, it cannot be altered.

Q: How long does an entrustment order remain active on the platform?A: Entrustment orders have a default validity period but can be adjusted within the platform settings. If left unmodified, an order will typically expire after 24 hours.

Q: What is the fee structure for entrustment orders on OYi Contract?A: The fee structure for entrustment orders varies depending on the contract type and your trading strategy. Refer to the platform's fee schedule for detailed information.

Q: Are there any risks associated with entrustment orders?A: Yes, entrustment orders carry the same risks as any other type of trade. It is crucial to understand the potential risks involved and trade responsibly.