Exchanges

Text

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.

Fear & Greed Index

Trade Now

Biggest Gainers

MAF

$0.4501

104.30%

Trade Now
XYO

$0.0101

71.75%

Trade Now
WHY

$0.0...01913

58.60%

Trade Now
MOODENG

$0.0...01984

41.45%

Trade Now
CVX

$2.81

31.31%

Trade Now
PRO

$1.51

24.09%

Trade Now

Latest Crypto News

PEPE Is Mirroring The Dogecoin Price Action in the 2021 Bull Run
2024-11-20 06:15:51
BlockDAG vs. Kaspa: A Comparative Analysis of Two Leading Cryptocurrency Mining Projects
2024-11-20 06:15:51
Bitcoin (BTC) Options Exchange Traded Fund (ETF) Set to Go Live, Raising Optimism for More Rallies in the Broader Market
2024-11-20 06:20:02
Exploring the Buzz Around ORA Coin
2024-11-20 06:20:02
Indicator Flashes ‘Buy’ for Dogwifhat (WIF) Price: Here’s the Next Bullish Target
2024-11-20 06:20:02
Pennsylvania and US Bitcoin Strategic Reserve Bills Could Bring $23.3B in New BTC Demand
2024-11-20 06:20:02

Related knowledge

how to access coinbase without phone number

Nov 13,2024 at 08:20pm

Unlocking Coinbase Without a Phone Number: A Comprehensive GuideIntroductionCoinbase, one of the leading cryptocurrency exchanges, has implemented mandatory phone number verification as a security measure. However, for various reasons, some users may not have access to a phone number or prefer to use the platform without providing it. This article prese...

how to recover coinbase account without phone number

Nov 13,2024 at 10:24pm

How To Recover Coinbase Account Without Phone NumberCoinbase is one of the most popular cryptocurrency exchanges in the world. It is known for its user-friendly interface and its wide range of supported cryptocurrencies. However, like any other online service, Coinbase accounts can be hacked or compromised. If you have lost access to your Coinbase accou...

how to add money to coinbase without bank account

Nov 15,2024 at 08:44pm

How to Add Money to Coinbase Without a Bank AccountCoinbase is a popular cryptocurrency exchange that allows users to buy, sell, and trade digital assets. While bank transfers are the most common way to fund a Coinbase account, there are several alternative methods available for users who do not have a bank account.This article will provide step-by-step...

does zelle work with coinbase

Nov 16,2024 at 09:25am

Does Zelle Work with Coinbase? A Comprehensive GuideIntroductionZelle and Coinbase are two popular platforms in the financial and cryptocurrency realms, respectively. While Zelle facilitates digital money transfers within the United States, Coinbase serves as a leading cryptocurrency exchange. The question of whether these platforms can seamlessly integ...

can i buy bitcoin with zelle on coinbase

Nov 15,2024 at 03:14pm

Can I Buy Bitcoin with Zelle on Coinbase?In the realm of cryptocurrency exchanges, Coinbase stands as a prominent platform, renowned for its user-friendly interface and comprehensive trading options. As the crypto market continues to evolve, the demand for efficient and secure payment methods has surged. Zelle, a popular peer-to-peer payment platform, h...

can you buy bitcoin with coinbase

Nov 15,2024 at 12:16am

Can You Buy Bitcoin with Coinbase?Yes, Coinbase is one of the most popular cryptocurrency exchanges that allows users to buy, sell, and trade various cryptocurrencies, including Bitcoin. In this article, we will provide a comprehensive guide on how to buy Bitcoin with Coinbase.Step 1: Create a Coinbase AccountVisit the Coinbase website and click on the ...