What platform functions do I need to use to place entrusted orders on OYi Contract?

To place entrusted orders on OYi Contract, traders must first enroll as a contract trader, fund their account, navigate the trading interface, and choose from various order types to automate order execution.

Jan 25, 2025 at 08:12 pm

Key Points:

• Introduction to OYi Contract Platform
• Guide to Enrolling as an OYi Contract Trader
• Navigating the OYi Contract Trading Interface
• Essential Functions for Placing Entrusted Orders
• Additional Platform Features for Enhanced Trading

What Platform Functions Do I Need to Use to Place Entrusted Orders on OYi Contract?

1. Enroll as an OYi Contract Trader:

• Visit the official OYi website and create an account.
• Complete the KYC verification process to enhance account security and enable full access to trading features.
• Select "Contract" from the homepage menu and agree to the trading terms and conditions.

2. Fund Your OYi Contract Account:

• Transfer funds from your spot wallet or connect an external funding source.
• Choose from a variety of payment methods, including credit cards, debit cards, and bank transfers.
• Ensure adequate balance to cover potential losses and margin requirements.

3. Navigate the OYi Contract Trading Interface:

• The OYi Contract trading interface offers a customizable and intuitive layout for seamless order placement.
• Familiarize yourself with the order book, which displays live bids and asks for a specific contract.
• Identify the necessary fields to input order parameters, including contract type, size, and leverage.

4. Place Entrusted Orders:

• Entrusted orders allow traders to automate the order execution process based on predefined conditions.
• Several entrusted order types are available, including limit orders, market orders, stop orders, and take-profit orders.
• Carefully set the order parameters, including price, quantity, and profit targets, to optimize execution.

5. Manage Your Entrusted Orders:

• Monitor the status of your entrusted orders in real-time through the order management interface.
• Modify or cancel orders as needed to adjust your trading strategy.
• Keep track of order history to analyze performance and identify areas for improvement.

Additional Platform Features for Enhanced Trading:

• Advanced charting tools and technical indicators facilitate in-depth market analysis.
• Utilize the risk management tools, such as stop-loss orders and liquidation triggers, to mitigate losses.
• Participate in community forums and access educational resources to enhance your trading knowledge and skills.

FAQs:

Q: What are the fees associated with placing entrusted orders on OYi Contract?

• Trading fees vary depending on the contract type, leverage, and order size.
• Refer to the OYi fee schedule for detailed information on applicable fees.

Q: Can I place entrusted orders for both long and short positions?

• Yes, OYi Contract allows traders to place both long and short positions using entrusted orders.
• Selecting the appropriate order type and parameters ensures that your orders align with your trading strategy.

Q: What are the minimum and maximum order sizes for entrusted orders?

• Minimum and maximum order sizes may vary based on the contract specifications.
• Refer to the OYi trading rules for specific limits and restrictions.