Euyi contract trading tutorial video

Understanding contract trading basics is crucial before venturing into Euyi's cryptocurrency futures trading platform.

Feb 01, 2025 at 07:30 am

Euyi Contract Trading Tutorial Video: A Step-by-Step Guide

Key Points

• Understand the basics of contract trading
• Open an account on Euyi
• Fund your account
• Choose a trading pair
• Place an order
• Monitor your position
• Close your position

Step 1: Understand the Basics of Contract Trading

Contract trading involves two parties entering into an agreement to buy or sell an asset at a predetermined price on a future date. In Euyi contract trading, you can trade cryptocurrency futures contracts.

Key terms:

• Margin: Collateral you deposit to enter a contract trade
• Leverage: Allows you to amplify your market exposure by borrowing funds
• Position: Your open order on the market
• Mark Price: The real-time price of the underlying asset
• Liquidation: When your margin falls below the required level

Step 2: Open an Account on Euyi

Visit Euyi's website and create an account. Verify your identity and complete KYC procedures.

Step 3: Fund Your Account

Deposit funds into your account using cryptocurrency or fiat currency. Choose a funding method that suits you:

• Cryptocurrency: Transfer cryptocurrency from your external wallet
• Fiat Currency: Use payment gateways like credit/debit cards, bank transfers, or wire transfers

Step 4: Choose a Trading Pair

Euyi offers a range of cryptocurrency futures contracts. Choose a trading pair based on:

• Volatility: Higher volatility offers more opportunities but also higher risk
• Liquidity: Higher liquidity ensures fast order execution
• Trading Strategy: Your strategy may require specific trading pairs

Step 5: Place an Order

On the Euyi trading platform:

• Choose the trading pair: Select the asset you want to trade
• Set leverage: Determine your desired leverage level
• Enter order details: Specify the order type, quantity, and price
• Execute the trade: Confirm the order details and click "Buy" or "Sell"

Step 6: Monitor Your Position

Once your order is placed, it becomes a "position." You can monitor its performance in real-time:

• Open Interest: The total number of open contracts in the market
• Funding Rate: Fees paid or received for holding a position
• Mark Price: The current market value of the underlying asset

Step 7: Close Your Position

To close your position:

• Opposite Order: Place an opposite order of the same quantity as your open position
• Sell/Buy Back: Close a long position by selling the underlying asset or a short position by buying it back

FAQs

1. What is the Minimum Margin Requirement on Euyi?

Margin requirements vary depending on the trading pair and leverage selected. The platform displays the minimum margin required when you place an order.

2. What is the Difference Between Market Order and Limit Order?

• Market Order: Executes immediately at the current market price
• Limit Order: Executes only when the asset reaches the specified price

3. How to Calculate Profit and Loss in Contract Trading?

Profit/Loss = (Closing Price - Opening Price) Contract Size Leverage