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How to play perpetual contracts in Dubai OKX
To open a perpetual contract trading account in Dubai OKX, individuals must register, verify their identity, fund their account, and familiarize themselves with the platform.
Oct 22, 2024 at 03:48 pm

How to Play Perpetual Contracts in Dubai OKX
Step 1: Open an OKX Account
- Visit the official OKX website and click "Register."
- Choose "Create Account" and provide the necessary details (email, password).
- Verify your email address and complete the identity verification process.
Step 2: Fund Your Account
- Click "Deposit" on the OKX dashboard.
- Select your preferred deposit method (fiat, cryptocurrency, etc.).
- Follow the instructions to complete the deposit process.
Step 3: Familiarize Yourself with Perpetual Contracts
- Perpetual contracts are derivatives that track the underlying asset's price without an expiry date.
- They allow traders to speculate on price movements in both directions.
- Margin is required to trade perpetual contracts, which means using borrowed funds to increase leverage.
Step 4: Choose a Perpetual Contract
- Go to "Trade" and select "Perpetual" in the asset type tab.
- Choose the asset and contract you're interested in trading.
- For example, to trade Bitcoin perpetual contracts, select BTC-USD.
Step 5: Set Your Order Parameters
- Determine your entry price, stop-loss, and take-profit levels.
- Select the order type (limit, market, etc.) and enter the order quantity.
- Click "Buy/Long" or "Sell/Short" depending on your position.
Step 6: Manage Your Position
- Monitor your open position's performance.
- Adjust your stop-loss or take-profit levels as needed.
- Close your position by placing an opposite order.
Tips for Trading Perpetual Contracts in Dubai OKX
- Practice on a demo account before trading with real funds.
- Manage your risk effectively by setting appropriate leverage levels.
- Utilize technical analysis and market research to make informed trading decisions.
- Have a clear trading strategy and stick to it.
- Avoid emotional trading and stay disciplined.
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.
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