Futures trading is a trading method in which traders can borrow assets from a crypto exchange such as Coinstore and leverage their margin in multiples to amplify potential profit or risk. You can either Buy (Long) or Sell (Short) a token to gain profits depending on the price that goes up and down.
When using futures trading, it's important to be aware of the risk. If the maximum leverage is 10 times the initial principal, both profits and losses can be multiplied by up to 10 times.
Before using futures trading, you'll need to ensure you have assets in your trading account, or you can make a transfer from a spot account to a futures account.
1. Make sure you have sufficient assets in your spot account
2. Transfer a certain amount of assets from your spot account to futures account
3. Click on Futures to select Buy(long) or Sell(short)
In Margin trading, "Buy (Long)" refers to buying at a low price and then selling at a higher price; "Sell (Short)" refers to selling at a high price then buying at a lower price. By doing this, you can earn a profit from the price fluctuation.
How to close positions?
- Select Open positions and find the position you would like to close
- Enter the Price and Amount to Close the position
Find out more practical tutorials and tips for beginners at
>> Beginners' Guide
Notes
1. Under the Cross and Isolated margin mode, interest will be incurred when there are liabilities generated
2. The liabilities incurred under Cross/Isolated margin mode will be accrued and deducted separately
3. Digital assets involve significant risks and please trade with caution
4. Coinstore reserves the final right of interpretation