Where is the switch for OuYi contract mode?

Key Points

• Understanding the OuYi Contract Mode
• Navigating the OuYi Trading Interface
• Locating the Contract Mode Switch
• Activating the Contract Mode
• Exploring the Contract Mode Features
• FAQs

OuYi Contract Mode: A Comprehensive Guide

Understanding Contract Trading on OuYi

Contract trading on OuYi is a derivative trading mechanism where traders speculate on the future price of a cryptocurrency asset without actually purchasing it. It involves the use of a contract that represents the underlying asset and allows traders to take positions on price movements.

Navigating the OuYi Trading Interface

OuYi's trading interface provides a user-friendly environment for both spot and contract trading. To locate the Contract Mode switch, users should first navigate to the trading page of their desired cryptocurrency asset.

Locating the Contract Mode Switch

Once on the trading page, users will find the Contract Mode switch at the top of the interface. It is typically located next to the Spot Trading tab. The switch is usually labeled as "Contract" or "Futures."

Activating the Contract Mode

To activate the Contract Mode, users simply need to click on the Contract Mode switch. This will switch the interface to the contract trading mode, where users can access the contract parameters, order book, and charting tools.

Exploring the Contract Mode Features

The OuYi Contract Mode offers a range of features tailored to contract trading, including:

• Various Contract Types: Users can choose from a selection of contract types, such as perpetual futures, quarterly futures, and inverse futures.
• Adjustable Leverage: Traders can adjust their leverage depending on their risk tolerance, allowing for potential higher rewards but also increased risk.
• Multiple Order Types: Contract Mode supports various order types, including market orders, limit orders, and stop orders, providing traders with greater control over their executions.
• Futures Calculator: A futures calculator is available to help traders calculate potential profit and loss based on contract parameters and price movements.

FAQs

Q: What are the different contract types available on OuYi?

A: OuYi offers perpetual futures, quarterly futures, and inverse futures.

Q: What is the minimum trading amount for contracts on OuYi?

A: The minimum trading amount varies depending on the contract type and the underlying cryptocurrency asset. Users should consult the OuYi website for specific details.

Q: Are contract trading fees different from spot trading fees on OuYi?

A: Yes, contract trading fees are typically lower than spot trading fees on OuYi.

Q: How can I withdraw my profits from contract trading on OuYi?

A: Profits from contract trading can be withdrawn by converting them into the desired cryptocurrency asset and then withdrawing it to an external wallet.