How to activate BingX contract

To activate BingX Contract Trading, first ensure you meet the eligibility requirements, including having a verified BingX account and completing the risk assessment.

Dec 02, 2024 at 04:36 pm

How to Activate BingX Contract

Ensure You Meet the Eligibility Requirements
- Be of legal age in your jurisdiction.
- Have a verified BingX account.
- Complete a simple risk assessment to ensure you understand the risks involved in futures trading.
Locate the Contract Trading Section
- Log in to your BingX account.
- Go to the "Trade" section and select "Futures."
- You will be redirected to the contract trading page.
Select a Futures Market
- BingX offers a wide range of futures markets, including perpetuals, quarterly futures, and leveraged tokens.
- Choose the market you wish to trade based on your risk appetite and trading strategy.
Open an Isolated or Cross Margin Order
- Isolated margin: Your profits and losses are isolated to a specific account balance.
- Cross margin: Your entire account balance is used as collateral for the order.
Customize Your Order Parameters
- Set the order type (market or limit).
- Specify the order quantity and price.
- Adjust leverage (the amount you borrow from the exchange to increase your trading power).
Place an Order
- Carefully review your order details.
- Ensure you fully understand the potential risks and rewards.
- Click the "Buy" or "Sell" button to place your order.
Monitor Your Order
- The status of your order will be displayed in the "Orders" section.
- You can track its progress and make necessary adjustments.

Additional Tips:

Start with a small amount of capital to mitigate potential losses.
Use stop-loss and take-profit orders to manage risk.
Regularly monitor the markets to identify trading opportunities.
Seek advice from experienced traders or consult educational resources to enhance your knowledge.

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