How to play Okex futures contracts?
As a leading global digital currency trading platform, Okex offers a variety of trading products, including futures contracts. Futures contracts are a type of derivative that settles at the market price at a future point in time, differing from spot markets and leveraged trading. Next, we will provide you with a detailed introduction to how to play Okex futures contracts.
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Open a futures contract account
First, before using Okex futures contracts, you need to open a futures contract account. After registering on the Okex official website and completing real-name authentication, click "Contracts" to enter the futures contract page, and follow the prompts on the page to open a futures contract account.
Recharge funds to the contract account
How to play Okex futures contracts? Detailed tutorial on Okex futures contracts
After opening a futures contract account, you need to recharge funds into the contract account to trade. Click "Funds," then select "Futures Contract Account" to perform the recharge operation. During the recharge process, please confirm whether you have selected the futures contract account for the recharge.
Choose contract varieties
Okex offers a variety of digital currency futures contracts, and you can choose the appropriate contract variety for trading based on your needs. On the contract page, select "Contract Variety," and then choose the digital currency contract you wish to trade.
Place an order for trading
After selecting the appropriate contract variety, you can place an order for trading. On the contract page, click the "Buy" or "Sell" button, enter the trading quantity and price, and confirm to place the order. Once the trade is successful, you will hold the corresponding contract position.
Set take profit and stop loss
During the trading process, to protect your trading funds, it is recommended to set take profit and stop loss. Take profit means automatically closing the position to realize profits when the price reaches your set target price, while stop loss means automatically closing the position to limit losses when the price drops to your set stop loss price.
Close position and settlement
When the contract reaches the delivery date, the held contract position will be automatically settled and closed. You can choose to close the position early or wait for the delivery date to expire and close the position. During the closing settlement, you will realize profits or losses based on the fluctuations in the contract price.
Summary
As a high-risk, high-return trading product, Okex futures contracts require you to have a certain level of trading experience and risk awareness. When using futures contracts, please be sure to pay attention to market risks and manage your positions and risks reasonably. We hope the above Okex futures contract tutorial can help you better understand and operate futures contracts, and wish you successful trading!