Market Cap: $2.7028T -1.750%
Volume(24h): $49.463B -31.370%
Fear & Greed Index:

22 - Extreme Fear

  • Market Cap: $2.7028T -1.750%
  • Volume(24h): $49.463B -31.370%
  • Fear & Greed Index:
  • Market Cap: $2.7028T -1.750%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top Cryptospedia

Select Language

Select Language

Select Currency

Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos

How to make money with Poloniex contracts

To trade Poloniex contracts, create an account, fund it, select a contract and determine the amount you're willing to risk (position size), set a buy/sell order with a price, and monitor your position while taking profits regularly to mitigate losses.

Nov 25, 2024 at 06:42 am

How to Make Money with Poloniex Contracts

Introduction

Poloniex is a cryptocurrency exchange that offers a variety of trading options, including spot trading, margin trading, and futures trading. Contracts are a type of futures contract that allows traders to speculate on the future price of a cryptocurrency. They are similar to options, but they have some key differences.

Types of Contracts

There are two types of contracts on Poloniex:

  • Perpetual contracts are contracts that do not have a fixed expiration date. They can be held indefinitely, and they are typically used for short-term trading.
  • Quarterly contracts are contracts that have a fixed expiration date. They are typically used for long-term trading.

How to Trade Contracts

To trade contracts on Poloniex, you will need to create an account and deposit funds. Once you have done this, you can follow these steps:

  1. Choose a contract. The first step is to choose a contract to trade. You can choose from a variety of different cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
  2. Set your position size. The next step is to set your position size. This is the amount of cryptocurrency that you are willing to risk on the trade.
  3. Place your order. Once you have set your position size, you can place your order. You can choose to buy or sell the contract, and you can set a limit price or a market price.
  4. Monitor your position. Once you have placed your order, you should monitor your position closely. You can do this by using the Poloniex trading interface.

Tips for Trading Contracts

Here are a few tips for trading contracts on Poloniex:

  • Use a stop-loss order. A stop-loss order is an order that will automatically sell your contract if the price of the cryptocurrency falls below a certain level. This can help you to limit your losses if the market moves against you.
  • Take profit regularly. Don't let your profits run too long. Take profits regularly to lock in your gains.
  • Be patient. Trading contracts can be a profitable way to make money, but it takes time and patience to learn how to trade them successfully.

Conclusion

Trading contracts on Poloniex can be a profitable way to make money, but it is important to understand the risks involved. By following the tips above, you can increase your chances of success.

Detailed Steps on How to Make Money with Poloniex Contracts

1. Create an account and deposit funds.

The first step is to create an account on Poloniex and deposit funds. You can do this by following these steps:

  • Go to the Poloniex website and click on the "Sign Up" button.
  • Enter your email address and create a password.
  • Click on the "Create Account" button.
  • Once you have created an account, you will need to deposit funds. You can do this by clicking on the "Deposit" button in the top right-hand corner of the screen.
  • Select the cryptocurrency that you want to deposit and follow the instructions on the screen.

2. Choose a contract to trade.

Once you have deposited funds, you can choose a contract to trade. You can choose from a variety of different cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

To choose a contract, click on the "Contracts" tab in the top navigation bar. Then, select the cryptocurrency that you want to trade and click on the "Trade" button.

3. Set your position size.

The next step is to set your position size. This is the amount of cryptocurrency that you are willing to risk on the trade.

To set your position size, enter the amount of cryptocurrency that you want to trade in the "Amount" field. Then, click on the "Buy" or "Sell" button.

4. Place your order.

Once you have set your position size, you can place your order. You can choose to buy or sell the contract, and you can set a limit price or a market price.

To place an order, click on the "Buy" or "Sell" button. Then, enter the price that you want to buy or sell the contract at in the "Price" field. Finally, click on the "Place Order" button.

5. Monitor your position.

Once you have placed your order, you should monitor your position closely. You can do this by using the Poloniex trading interface.

To monitor your position, click on the "Positions" tab in the top navigation bar. Then, select the contract that you are trading and click on the "View" button.

6. Take profit regularly.

Don't let your profits run too long. Take profits regularly to lock in your gains.

To take profit, click on the "Sell" button in the trading interface. Then, enter the amount of cryptocurrency that you want to sell in the "Amount" field. Finally, click on the "Place Order" button.

7. Be patient.

Trading contracts can be a profitable way to make money, but it takes time and patience to learn how to trade them successfully.

Don't get discouraged if you don't make money right away. Just keep learning and practicing, and you will eventually be able to make consistent profits.

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.

Related knowledge

How to Amplify Profits with Bitcoin Leverage Trading?

How to Amplify Profits with Bitcoin Leverage Trading?

Mar 11,2025 at 07:10am

Key Points:Understanding Leverage and its Risks in Bitcoin TradingIdentifying Suitable Leverage Trading PlatformsStrategies for Successful Bitcoin Leverage TradingRisk Management Techniques for Leverage TradingChoosing the Right Leverage Ratio and Position SizingMonitoring Market Volatility and Adjusting StrategiesUtilizing Technical Analysis and Chart ...

Long-term Bitcoin Holding vs. Short-term Trading: Which Strategy is Better for You?

Long-term Bitcoin Holding vs. Short-term Trading: Which Strategy is Better for You?

Mar 13,2025 at 12:55pm

Key Points:Long-term holding (HODLing): Focuses on accumulating Bitcoin and holding it for extended periods, aiming to profit from long-term price appreciation. Requires patience and resilience to market volatility.Short-term trading: Involves frequent buying and selling of Bitcoin to capitalize on short-term price fluctuations. Requires significant mar...

Introduction to Bitcoin Investment: How to Start Your Cryptocurrency Journey

Introduction to Bitcoin Investment: How to Start Your Cryptocurrency Journey

Mar 13,2025 at 10:17am

Key Points:Understanding Bitcoin's fundamentals is crucial before investing.Secure storage solutions are paramount for protecting your Bitcoin.Exchanges are the primary platforms for buying and selling Bitcoin.Diversification within your portfolio minimizes risk.Staying informed about market trends is vital for successful investing.Introduction to Bitco...

Bitcoin and blockchain project investment: How to choose potential projects?

Bitcoin and blockchain project investment: How to choose potential projects?

Mar 10,2025 at 11:36am

Key Points:Understanding the team behind the project is crucial. Look for experienced developers and advisors with a proven track record in the blockchain space.Thoroughly examine the project's whitepaper. A well-written whitepaper clearly outlines the project's goals, technology, and tokenomics.Assess the project's community engagement. A strong, activ...

Bitcoin arbitrage opportunities: How to find low-risk returns in the market?

Bitcoin arbitrage opportunities: How to find low-risk returns in the market?

Mar 10,2025 at 07:25pm

Key Points:Bitcoin arbitrage relies on price discrepancies across different exchanges.Identifying these discrepancies requires constant market monitoring and efficient trading tools.Low-risk arbitrage opportunities are rare and require quick execution.Factors like transaction fees, withdrawal times, and market volatility significantly impact profitabili...

Bitcoin long-term holding vs short-term trading: Which way is more profitable?

Bitcoin long-term holding vs short-term trading: Which way is more profitable?

Mar 13,2025 at 11:06am

Key Points:Long-term holding (HODLing) emphasizes patience and riding out market volatility for potentially larger returns.Short-term trading relies on frequent buying and selling to capitalize on smaller price fluctuations.Both strategies have inherent risks and rewards, influenced by market conditions, individual risk tolerance, and trading expertise....

How to Amplify Profits with Bitcoin Leverage Trading?

How to Amplify Profits with Bitcoin Leverage Trading?

Mar 11,2025 at 07:10am

Key Points:Understanding Leverage and its Risks in Bitcoin TradingIdentifying Suitable Leverage Trading PlatformsStrategies for Successful Bitcoin Leverage TradingRisk Management Techniques for Leverage TradingChoosing the Right Leverage Ratio and Position SizingMonitoring Market Volatility and Adjusting StrategiesUtilizing Technical Analysis and Chart ...

Long-term Bitcoin Holding vs. Short-term Trading: Which Strategy is Better for You?

Long-term Bitcoin Holding vs. Short-term Trading: Which Strategy is Better for You?

Mar 13,2025 at 12:55pm

Key Points:Long-term holding (HODLing): Focuses on accumulating Bitcoin and holding it for extended periods, aiming to profit from long-term price appreciation. Requires patience and resilience to market volatility.Short-term trading: Involves frequent buying and selling of Bitcoin to capitalize on short-term price fluctuations. Requires significant mar...

Introduction to Bitcoin Investment: How to Start Your Cryptocurrency Journey

Introduction to Bitcoin Investment: How to Start Your Cryptocurrency Journey

Mar 13,2025 at 10:17am

Key Points:Understanding Bitcoin's fundamentals is crucial before investing.Secure storage solutions are paramount for protecting your Bitcoin.Exchanges are the primary platforms for buying and selling Bitcoin.Diversification within your portfolio minimizes risk.Staying informed about market trends is vital for successful investing.Introduction to Bitco...

Bitcoin and blockchain project investment: How to choose potential projects?

Bitcoin and blockchain project investment: How to choose potential projects?

Mar 10,2025 at 11:36am

Key Points:Understanding the team behind the project is crucial. Look for experienced developers and advisors with a proven track record in the blockchain space.Thoroughly examine the project's whitepaper. A well-written whitepaper clearly outlines the project's goals, technology, and tokenomics.Assess the project's community engagement. A strong, activ...

Bitcoin arbitrage opportunities: How to find low-risk returns in the market?

Bitcoin arbitrage opportunities: How to find low-risk returns in the market?

Mar 10,2025 at 07:25pm

Key Points:Bitcoin arbitrage relies on price discrepancies across different exchanges.Identifying these discrepancies requires constant market monitoring and efficient trading tools.Low-risk arbitrage opportunities are rare and require quick execution.Factors like transaction fees, withdrawal times, and market volatility significantly impact profitabili...

Bitcoin long-term holding vs short-term trading: Which way is more profitable?

Bitcoin long-term holding vs short-term trading: Which way is more profitable?

Mar 13,2025 at 11:06am

Key Points:Long-term holding (HODLing) emphasizes patience and riding out market volatility for potentially larger returns.Short-term trading relies on frequent buying and selling to capitalize on smaller price fluctuations.Both strategies have inherent risks and rewards, influenced by market conditions, individual risk tolerance, and trading expertise....

See all articles

User not found or password invalid

Your input is correct